How do consumer characteristics influence buying behavior?

iiminternship101 9,394 views 30 slides May 22, 2015
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About This Presentation

Kotler-Analyzing Consumer Markets-Question 1


Slide Content

Consumer characteristic and buying behavior

Consumer characteristics and their buying behavior are closely related

But how? Let’s see

Human characteristic is determined by four factors

Cultural Factors are further classified into

People in North India prefer breads over rice which is a favorite with people in South India and East India Social values and behavior

Woman in INDIA prefer to buy shadi compare to pant and shirt Social Rules

A sikh man prefers to wear Pagri in place of Topi Religion

Women love shopping Jewellery compare to man Gender

Social factor Man is a social animal

Every individual has some people around who influence him/her in any way called Reference groups  

Primary groups They have major impacts on your buying decisions

Secondary group Secondary groups may also influence your buying decisions

Aspirational group A person hopes to join

Dissociative group Behavior is rejected by customers

Personal factor Economic condition Personality Life style Occupation

A Doctor and an Engineer have different wearing sense Occupation

Economic condition may change your choice

Personality

Life style

Psychological Factors Motivation Perception Emotions Learning Memory

Perception It is The best

Taste is motivation to buy Pizza

Learning Last time I had eaten it. It was not what it looks like

Emotions I love “Vintage” fountain Pen

Memory Oh---- This is the same company. I have won general championship with it.

Summary Consumer behavior is influenced by three factors: cultural (culture, subculture, and social class), social(reference groups, family, and social roles and statuses ), and personal (age, stage in the life cycle, occupation , economic circumstances, lifestyle, personality , and self-concept). Research into these factors can provide clues to reach and serve consumers more effectively