CHAPTER FIVE Final Consumers and Their Buying Behavior For use only with Perreault/Cannon/McCarthy or Perreault/McCarthy texts. © 2008 McGraw-Hill Companies, Inc. McGraw-Hill/Irwin www.mhhe.com/fourps Consumer Behavior for Marketing Strategy Planning (Exhibit 5-1) Consumer Behavior for Marketing Strategy Planning (Exhibit 5-1) Business Customers Final Consumers Marketing mixes All other stimuli Person making a buying decision Economic needs Psychological variables Social influences Purchase Situation Consumer decision process Person does or does not purchase (response) Income Dimensions of the US Market (Exhibit 5-2) How We Will View Consumer Behavior (Exhibit 5-3) Marketing mixes All other stimuli Person Making Decision Economic needs •Economy of purchase •Convenience •Efficiency in use •Dependability Psychological variables •Motivation •Perception •Learning •Attitude •Personality/ lifestyle Social influence •Family •Social class •Reference groups •Culture Purchase situation •Purchase reason •Time •Surroundings Consumer decision process Person does or does not purchase (response) Several Needs at the Same Time: PSSP Hierarchy of Needs (Exhibit 5-5) Personal Needs Social Needs Safety Needs Physiological Needs Attitudes Relate to Buying Belief: An Opinion Attitude: A Point of View Need To Understand Attitudes & Beliefs Key Concepts Meeting Expectations Is Important Work with Existing Attitudes Ethical Issues May Arise The Family Life Cycle (Exhibit 5-8) Expanded Model of Consumer Behavior (Exhibit 5-9) Marketing mixes Economic needs Psychological Variables All other stimuli Social influences Purchase situation Consumer decision process Need awareness Routinized response Problem Solving Purchase decision •Information search •Identify alternatives •Set criteria •Evaluate alternatives Postpone decision Feedback based on experience Experience After the purchase Problem Solving Continuum (Exhibit 5-11) Low involvement Frequently purchased Inexpensive Little risk Little information Routinized Response Behavior Low involvement High involvement Infrequently purchased Expensive High risk Much information desired Limited Problem Solving Extensive Problem Solving High involvement Adoption Process Steps Awareness Interest Evaluation Trial Decision Confirmation Dissonance may set in after the decision! Decision Making Decision-making steps Adoption process steps 1. Becoming aware of need Awareness and interest 2. Gathering info about choices Interest and evaluation Learning steps Drive Cues Evaluation, maybe trial 4. Deciding on the solution Decision 5. Evaluating the purchase experience Confirmation Reinforcement 3. Setting criteria, evaluation, possible trial Response
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