Motivation towards doing something with will power plays an important role to influence a person in his purchasing decisions. The task for the marketer is to ensure that the purchase decision is put into effect easily. Evaluation of Alternatives Once all the information has been gathered, you begin to evaluate a choice. The brand that offers maximum benefits or satisfaction is preferred. For example, say you want to eat out but you do not know where to go.
Congratulating consumers for the right choice to justify their decision 2. The first factor is attitudes of others. Consumer behavior is around us on a daily basis and we face many of these questions. An organisation does not need five different people to play five different roles. All of these models are analysed in great detail in Literature Review chapter of this work.
Researchers show different reasons as to why consumer behaviour has been the topic of many academics and researchers. This will benefit marketers as it will allow them to intercept what consumers will be going through to make their purchase decision. The 5 stages are: need recognition, information search, evaluation of alternatives, purchase, and post purchase behavior. Consumer Markets and Consumer Buying Behavior. This report has been able to identify these key aspects such as the various influential factors which affects consumers purchasing behaviours, for example personal factors.
Decision making, Decision making software, Decision theory 1622 Words 5 Pages important to understand why a consumer would choose one product over another. Buyers The buyer is the actual negotiator with the supplier. Marketing managers attempt to influence consumer behaviour during each of these stages as it has been discussed below in a greater detail. Consumers can use non-marketing controlled information sources such as friend and family opinions, consumer reviews, report studies and other public sources to help make an informed decision. Additionally, these members are often the most influential, informed, and vocal members of a society.
Evaluation calls for evaluating various alternatives with certain choice criteria. A delightful customer propagates a positive image of the brand, whereas a dissatisfied consumer may spread a bad image of the product or the brand. Consumer behavior describes how consumers make purchase decisions and how they use and dispose of the purchased goods or services. This is also very critical to understand to be a successful organization. However, because his very good friend, a keen astronomer, gives him negative feedback, he will then be bound to change his preference.
Marketers should not only focus on the purchase decision, but also emphasize the entire buying process. In this report I will analyse the various factors that may affect the behaviour and choice of the consumer as well as the individual components of the decision-making process as it relates to this purchase. Company must ask the consumers regarding types of sources they exercise. Consumers can also experience cognitive dissonance. Personality changes from person to person, time to time and place to place.
Need Recognition The first stage is recognising that there is a need for a product or recognising that there is a problem to be solved. It is the matter of interest for marketer to know whether consumer is highly satisfied, somewhat satisfied, or dissatisfied. Think like an economist with this convenient tool. However, there is a decision making model that reflects all of the views. The author further explains this by the fact Chinese tradition of taking care of young and old family members have long been developed and marriage is considered to be extremely important in Chinese tradition. People can also get information from personal sources; they may ask their friends, talk to family members, and even ask co-workers. However, being an edible product every individual.
Bluetooth, Cognition, Decision making 1337 Words 5 Pages the buying decision process. Evaluation of Alternatives During the third stage of consumer decision making process perspective customers are engaged in evaluation of alternatives. Therefore, they are unlikely to buy on impulse and are less likely to be swayed by promotional messages. The new ninja hideout would be of high interest and have a large risk due to the fact the ninja wants to be well protected. Significantly, individuals are willing to pay higher prices for co-operative products even if they are not co-op members.