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Session 06 Analyzing Consumer Markets

Markets

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0% found this document useful (0 votes)
99 views40 pages

Session 06 Analyzing Consumer Markets

Markets

Uploaded by

shanzay ali
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

Phillip Kevin Lane

Kotler • Keller
Marketing Management
r 6
te
ap
Ch

Analyzing
Consumer Markets
Discussion Questions
1. How do consumer characteristics
influence buying behavior?
2. What major psychological processes
influence consumer responses to the
marketing program?
3. How do consumers make purchasing
decisions?
4. In what ways do consumers stray from a
deliberative, rational decision process?
Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall Slide 3 of 31
e d
f n
De Consumer Behavior
The study of how individuals, groups,
and organizations select, buy, use, and
dispose of goods, services, ideas, or
experiences to satisfy their needs or
wants.

Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall Slide 4 of 31


Model of Consumer Behavior

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What Influences
Consumer Behavior?

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Consumer Behavior
Personal Factors

Cultural Factors

Social Factors
Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall Slide 7 of 31
Cultural Factors
Social Class

Culture

Subculture
Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall Slide 8 of 31
What is Culture?

Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall Slide 9 of 31


Subcultures

Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall Slide 10 of 31


Social Classes

Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall Slide 11 of 31


Characteristics Affecting
Consumer Behavior
Social Factors
Reference Groups

Family

Role and Status


Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall Slide 13 of 31
Characteristics of Social Classes

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Reference Groups

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• Membership groups. Groups having a direct
influence
• Aspirational groups are those a person hopes to
join;
• Dissociative groups are those whose values or
behavior an individual rejects.

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Family Distinctions
Affecting Buying Decisions

• Family

Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall Slide 17 of 31


Personal Factors

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Personal Factors

Personality

Age

Life Cycle Stage

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Personal Factors
Occupation Values

Lifestyle
Economic situation
Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall Slide 20 of 31
.1
6
re
Fig
u Psychological Factors

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Key Psychological Processes

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Motivation
Freud

Maslow

Herzberg
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Motivation

Maslow’s Herzberg’s
Freud’s Hierarchy Two-Factor
Theory of Needs Theory

Behavior Behavior Behavior is


is guided by is driven by guided by
subconscious lowest, motivating
motivations unmet need and hygiene
factors

Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall Slide 24 of 31


.2
6
u re Maslow’s Hierarchy of Needs
Fig

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Maslow’s Hierarchy of Needs

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Perception
Selective Attention

Selective Retention

Subliminal Perception Selective Distortion


Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall Slide 27 of 31
Perception

Selective attention is the tendency for people to screen


out most of the information to which they are exposed
Selective distortion is the tendency for people to
interpret information in a way that will support what
they already believe
Selective retention is the tendency to remember good
points made about a brand they favor and forget good
points about competing brands
Subliminal perception Subliminal messages and
perception are linked to the idea of mind control

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.4
6
u re The Buying Decision Process
Fig

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Buying Decision Process

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Problem Recognition

“I’m Hungry”

Stimulus
• Internal
• External
Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall Slide 31 of 31
e d
f n
De INFORMATION SEARCH
Personal. Family, friends, neighbors,
acquaintances
Commercial. Advertising, Web sites,
salespersons, dealers, packaging, displays
Public. Mass media, consumer-rating
organizations
Experiential. Handling, examining, using the
product
Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall Slide 32 of 31
Information Search
Commercial Public

Personal Experiential
Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall Slide 33 of 31
.5
6
e
u r Successive Sets Involved in
Fig
Consumer Decision Making

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Evaluation of Alternatives
Beliefs

Attitudes
Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall Slide 35 of 31
Purchase Decision
Noncompensatory Models
Choice Heuristics:
A B • Conjective
• Lexicographic
• Elimination-by-aspect

Brand

Dealer
Purchase
Quantity
subdecisions
Timing

Payment method
Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall Slide 36 of 31
Non-Compensatory Models of Choice: Heuristics

• Conjunctive: The consumer sets a minimum


acceptable cutoff level for each attribute
and chooses the frst alternative that meets the
minimum standard for all attributes.

• Lexicographic: The consumer chooses the best brand


on the basis of its perceived most important
attribute. (Mobile Phones)

Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall Slide 37 of 31


• Elimination-by-aspects: Elimination of brands
based on negative attributes(Mobile phone
compare facility on websites) eliminates
brands that do not meet minimum acceptable
cutoffs

Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall Slide 38 of 31


Postpurchase Behavior
Postpurchase Satisfaction Delighted

Satisfed

Dissatisfed

Loyal

Stay or Go

Defect Postpurchase Actions


Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall Slide 39 of 31
Types of Buying Decision Behavior

Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall Slide 40 of 31

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