6 Marketing Management, 13th ed After reading this chapter, students should: Know how consumer characteristics influence buying behavior Know what major psychological processes influence consumer responses to the marketing program Know how consumers make purchasing decisions Know how marketers analyze consumer decision making Consumer Buyer Behavior The buying behavior of final consumers—individuals and households who buy goods and services for personal consumption. Consumer Market All the individuals and households who buy goods and services for personal consumption. Marketing and other stimuli MarketingOther Product Price Place Promotion Economic Technological Political Cultural Buyer’s Black Box Buyer Characteristics Buyer Responses Buyer decision process Product choice Brand choice Dealer choice Purchase timing Purchase amount Characteristics affecting Buyer Behavior Types of Buying Behavior Buyer Decision process Cultural Social Personal Culture Reference groups Subculture Social Class Psychological Family Age & Lifecycle Occupation Economic situation Roles and Status Lifestyle Personality And self-concept Motivation Perception Learning Beliefs & Attitudes Buyer Complex Buying behavior. Dissonance – Reducing Buying Behavior Habitual Buying Behavior. Variety-seeking Buying Behavior. Significant differences between brands Few differences between brands High Involvement low involvement Complex Buying behavior Variety seeking Buying behavior Dissonance reducing Buying behavior Habitual Buying behavior Problem Recognition Information Search Evaluation Purchase Decision Postpurchase Behavior New products: A good , service , or idea that is perceived by some potential customers as new: Adoption process: The mental process through which an individual passes from first hearing about an innovation to final adoption Stages o adoption process: Awareness Interest Evaluation Trial Adoption Consumer Behavior Cultural Social Culture Reference groups Subculture Nationalities Religions Racial groups Geographic regions •Membership groups •Primary groups •Secondary groups •Aspiration groups •Dissociative groups Social Class Family Upper uppers Lower uppers Upper middles Middle class Working class Upper lowers Lower lowers •Family of Orientation •Family of Procreation Roles and Status Personal •Age & Lifecycle •Occupation •Economic •situation •Lifestyle •Personality self concept Psychological •Motivation •Maslow’s Hierarchy of Needs •Perception •Learning •Beliefs & •Attitudes Consumer Buying Process •Problem Recognition •Information Search •Personal •Public •Experiential •Commercial •Evaluation •Purchase Decision •Post purchase Behavior Types of Buying Decision Behaviors •Complex Buying behavior. •Dissonance – Reducing Buying Behavior •Habitual Buying Behavior. •Variety-seeking Buying Behavior.