Chapter 6 Analyzing Consumer Markets and Buyer Behavior PowerPoint by Karen E. James Louisiana State University - Shreveport ©2003 Prentice Hall, Inc. To accompany A Framework for Marketing Management, 2nd Edition Slide 0 in Chapter 6 Objectives Determine how cultural, social, personal, and psychological factors influence consumer buying behavior. Describe how the consumer makes a purchasing decision. ©2003 Prentice Hall, Inc. To accompany A Framework for Marketing Management, 2nd Edition Slide 1 in Chapter 6 Consumer Behavior The field of Consumer Behavior: “studies how individuals, groups, and organizations select, buy, use, and dispose of goods, services, ideas, or experiences to satisfy their needs and desires.” ©2003 Prentice Hall, Inc. To accompany A Framework for Marketing Management, 2nd Edition Slide 2 in Chapter 6 How and Why Consumers Buy Buying behavior is influenced by: – Cultural factors – Social factors – Personal factors – Psychological factors ©2003 Prentice Hall, Inc. To accompany A Framework for Marketing Management, 2nd Edition Slide 3 in Chapter 6 How and Why Consumers Buy Influence Factors Cultural Culture Social Subculture Personal Psychological ©2003 Prentice Hall, Inc. Exert broadest and deepest influence Social classes To accompany A Framework for Marketing Management, 2nd Edition Slide 4 in Chapter 6 How and Why Consumers Buy Major U.S. Social Classes Upper Uppers Middle Class Lower Uppers Working Class Upper Middles Upper Lowers Lower Lowers ©2003 Prentice Hall, Inc. To accompany A Framework for Marketing Management, 2nd Edition Slide 5 in Chapter 6 How and Why Consumers Buy Influence Factors Reference groups – Membership Cultural Primary vs. secondary – Aspirational vs. dissociative Social Personal Family Psychological Social roles and statuses ©2003 Prentice Hall, Inc. To accompany A Framework for Marketing Management, 2nd Edition Slide 6 in Chapter 6 How and Why Consumers Buy Influence Factors Age Cultural Occupation Stage in life cycle Social Economic circumstances Personal Lifestyle Psychological Personality ©2003 Prentice Hall, Inc. Self-concept To accompany A Framework for Marketing Management, 2nd Edition Slide 7 in Chapter 6 How and Why Consumers Buy VALS 2 classifies U.S. adults into eight psychographic groups Actualizers Believers Fulfilleds Strivers Achievers Makers Experiencers Strugglers ©2003 Prentice Hall, Inc. To accompany A Framework for Marketing Management, 2nd Edition Slide 8 in Chapter 6 How and Why Consumers Buy Influence Factors Motivation Perception Cultural Learning Social Beliefs Personal Attitudes Psychological ©2003 Prentice Hall, Inc. To accompany A Framework for Marketing Management, 2nd Edition Slide 9 in Chapter 6 Consumer Buying Decision Process In addition to understanding how these factors influence consumers, marketers must identify and understand: – Who makes the buying decision – The types of buying decisions – The stages in the buying process ©2003 Prentice Hall, Inc. To accompany A Framework for Marketing Management, 2nd Edition Slide 10 in Chapter 6 Consumer Buying Decision Process Understand Initiator Influencer Buying roles Decider Buying behavior Buyer Buying decision process User ©2003 Prentice Hall, Inc. To accompany A Framework for Marketing Management, 2nd Edition Slide 11 in Chapter 6 Consumer Buying Decision Process Understand Buying roles Buying behavior Buying decision process ©2003 Prentice Hall, Inc. Complex buying behavior Dissonancereducing buying behavior Habitual buying behavior Variety-seeking buying behavior To accompany A Framework for Marketing Management, 2nd Edition Slide 12 in Chapter 6 Consumer Buying Decision Process Understand Problem recognition Information search Buying roles Buying behavior Buying decision process ©2003 Prentice Hall, Inc. Evaluation of alternatives Purchase decision Postpurchase behavior To accompany A Framework for Marketing Management, 2nd Edition Slide 13 in Chapter 6 Consumer Buying Decision Process Postpurchase Behavior: – Consumers’ expectations are compared to performance – Postpurchase satisfaction influences future behavior Purchasing behavior Word-of-mouth communications ©2003 Prentice Hall, Inc. To accompany A Framework for Marketing Management, 2nd Edition Slide 14 in Chapter 6 Consumer Buying Decision Process Marketers should attempt to influence and monitor postpurchase behavior – Postpurchase communications reduce dissonance, returns, and order cancellations – Talk with customers to discover new uses for existing products – Investigate methods of product disposal ©2003 Prentice Hall, Inc. To accompany A Framework for Marketing Management, 2nd Edition Slide 15 in Chapter 6