Consumer Buyer Behaviour Chapter 3 with Duane Weaver OUTLINE • Purchasing Process – – – – – PP – Problem Recognition PP – Information Search PP – Evaluation of Alternatives PP – Purchase Decision PP – Post purchase Evaluation • Buying Environment – Traditional Factors – New Trends – Future Trends?? Purchasing Process • • • • • PP – Problem Recognition PP – Information Search PP – Evaluation of Alternatives PP – Purchase Decision PP – Post purchase Evaluation PP – Problem Recognition • Recognizing a need or want • Not always cognitive (smells, sounds, sights, emotions----impulses) PP – Information Search (1of2) • Search for information of how to satisfy need or want • Internal Search – • Evoked set (top of mind and already approved by self) Time searching: – Ability to search (education level and product knowledge) – Motivation • • • – Cost of search • • • – (the higher the “involvement” the more likely external search is conducted) Need for cognition (personal) Enthusiasm for shopping Actual product cost Subjective costs (time, anxiety…etc) Opportunity cost Benefits of search • • Reduce purchase risk Gained knowledge of additional use PP – Information Search (2of2) • Attitudes and Values • Information Processing Models – ELM – HEM • Cognitive Mapping PP – Evaluation of Alternatives • Evoked set method • Multi-attribute Approach • Affect Referral PP – Purchase Decision • Situation Changes • Desire for Variety • Impulse Decisions • Ads, Promos, and other mktg. materials • Impact of Friends and Family PP – Post purchase Evaluation • Buyer’s Remorse a.k.a post purchase cognitive dissonance – Occurs when: 1. High involvement 2. Expensive item 3. Socially visible purchasing experience (others will know) • Importance of managing such remorse in IMC … managing follow-up Buying Environment (1 of 3) • Traditional Factors – Demographics (buyer types an attitudes as segmented by demographics) – Heredity and Environment (attitudes and buying habits learned or instinctual) – Family Life Cycle (single, newlywed no children, families young children…) – Life-Changing Events (divorce, marriage, death, major illness in family, parent moves home, …) Buying Environment (2 of 3) • New Trends – Cultural change 1. monitor for changes 2. create products and services compatible with changes 3. design mktg. messages that build on the changing attitudes being held by target markets • How might these current factors impact our decisions to reach our customers with IMC? – – – – – – Time Pressures Cocooning Indulgences/Binges Excitement/Fantasy Emphasis on Health Clanning Buying Environment (3 of 3) • Future Trends?? – What factors do you feel will affect advertising in the future? (Group Analysis) Please summarize your analysis so that we can discuss your findings as a class THANK YOU!