ANALYZING CONSUMER MARKETS PRESENTED BY : UROOSA FAROOQUI ROLL#79 TEHNIET FATIMA SHAH ROLL#77 SONIA SHAIKH ROLL #74 AZRA PARVEEN ROLL#20 FARIYAL ROLL#54 A Consumer behavior is the study of how individuals, groups, and organizations select buy, use and dispose of goods,services,ideas and expectations to satisfy their needs and wants. What Influences Consumer Behavior? Cultural Factors Social Factors Personal Factors What is Culture? Culture is the fundamental determinant of a person’s wants and behaviors acquired through socialization processes with family and other key institutions. Subcultures Nationalities Religions Racial groups Geographic regions Social Factors Reference groups Social roles Family Statuses Age Selfconcept Life cycle stage Lifestyle Occupation Values Wealth Personality Consumer buying behaviour Buying behaviour of final consumers Purchase goods and services for personal consumption Model of Consumer Behavior Key Psychological Processes Motivation Perception Learning Memory Maslow’s Hierarchy of Needs Perception There are three perceptual processes; Selective attention Selective distortion Selective retention Consumer Buying Process Problem Recognition Information Search Evaluation Purchase Decision Postpurchase Behavior THANKYOU