Consumer behaviour, Marketing Management

Assignment Help:

Q. Describe requirement of studying buyer's behavior & what  is the influences  of consumer behaviors?

Ans.: The study of buyer's behavior is essential to marketing as to who inspire the buyers? What induces him to buy? Why does he purchase specific brand? Why does he buy from a particular shop? Why does he shift from 1 shop to other? How does he behave to a new product in the market? These all questions are of middle interest to the marketing man and above all a buyer is a riddle. His requirement and wish are frequently at a different stage of emergence & actualization. The buyer has a choosy perception and he is exposed to a variety of products and information. He may avoid certain piece of information whereas really seek out some other information while actively seek out some other information so, marketers have to fully understand the theory and reality of consumer behavior both. A consumer's buying behavior is influenced by, social, cultural & personal factors and they are a essential part of the buyer as an individual.

(1)Cultural Factors: Culture is the basic determination of a person's desire & behavior. The growing child gains a set of values perceptions, preference & Behaviors through his or her family. Each culture consist of several sub cultures that provide more particular identification .It involve s nationalities, social groups, religions & geographic regions. Every culture dictates its own sole patterns of social conduct. Along with each religion there may be various sects& sub sects, there can be cosmopolitan groups and orthodox group .The do's & don'ts listed out by culture & religion impacts the individual's lifestyle & buying behavior.

For example: Kellogg India launched cornflakes in Indian market, the response from the consumers was not so good. The company conducted a market research and get result that Indians prefer hot milk with cornflakes, while the crispiness advantage that it was claiming could be delivered only when the cornflakes were mixed with cold milk.

Indian marketer use a specific term called socio economic classification (SEC) which uses education & occupation jointly of their key wage earner of the household to classify buyers in the urban areas. This classifies all the urban households into A1, A2, B1, B2, C, D, E1, & E2 having A1 with highest purchase potential E2 is the lowest.

(2)Social Factors: Consumer's behavior is effective by social factors like as reference groups social roles, family,& status. The purchaser is living in a society, is influenced & There is a steady interaction among the individual & the groups to which he belongs. All these interactions affect him in his day to day life.

Reference Groups: A person's reference groups consist of every group that has a indirect or direct influence on his attitude. They may be family, neighbors, friend's coworker, professional, religious &trade union groups. Reference groups expose a specific all to new behaviors and lifestyles and influence attitude and self concept .Brands like, Prologue, Levi & Planet Mused teenage icon as brand Ambassadors for promotions motto.

Family: The family is the most vital buying organization in society.From parents a person gain an orientation toward religion politics & a sense of  personal ambition,  self  worth and  love .For example: In joint families, the influence of grandparents on chief purchase decisions affect the lifestyles of younger. In urban India with the growth of nuclear families and both husband and wife working the role of women in chief family decisions is prominent.

Children and teenagers are being targeted by companies by using the internet as an interactive device.

Role & Status: A person's position in each group may be defined in terms of role and status. A role consist of all activities that a person is expected toper form. Every role carries a status. A Vice President of marketing has high status than a sales manager & a sales manager has high status in comparison of an office clerk & people select those products that reflect & communicate their role & preferred status in society.

(3)Personal Factors :The personal factors include the purchaser 's age & stage in the life cycle, occupation  and in economic position, personality  and self intersect and lifestyle  and values.

Age & Stage in the Life Cycle: People buy different type of products like, Cloths, food, furniture & this is frequently age related. Trends like delayed marriages, children migrating to distant cities, trend of professionalism has resulted in different chance for marketers at various stages in customer life cycle.

Occupation & Economic Position: Occupation also influences purchaser's behavior. A blue collar worker will purchase work clothes, lunch boxes, bus ticket & work shoes, a company president will buy dress suits, and club membership's & air travel. Marketers try to recognize the occupational groups & then create products according to their requirements and demands. Product selection is highly affected by economic circumstances of the buyer - spendable income, savings, assets and attitude towards spending and savings.

Personality & Self Concept: Each person has own personality characteristics that influence his / her buying nature.  Personality means a set of distinguishing psychosomatic traits that has to response to environmental stimuli. Personality can be a useful variable in analyzing consumer brand selection. The idea is that brands also have personalities and consumers like to select those brands which match or suits their entire personality.


Related Discussions:- Consumer behaviour

Market segmantation, what are the reasons for market segmentation and its a...

what are the reasons for market segmentation and its advantages

Bayer aspirin, what are the segmentation characteristics or bases that pres...

what are the segmentation characteristics or bases that presented bayer aspirin

Marketing process, explain the various elements of marketing process

explain the various elements of marketing process

Assignment 5, 1. Nike is one of the most recognized and loved brands in the...

1. Nike is one of the most recognized and loved brands in the world. Based on the definition of a brand, how does Nike epitomize a good brand? 2. Brands grow over time, but should

Need answers, Quantitative Techniques Q4. Find elasticity of demand of the...

Quantitative Techniques Q4. Find elasticity of demand of the function x=150-5P at (1) P=15, (2) P=20. (5 marks) Q5. Find dy/dx of the following cases 1. y=x2 log x. 2. log x /x. (

Determine the concept of elasticity of demand, Determine the Concept of ela...

Determine the Concept of elasticity of demand Decision-making point of view, though, the knowledge of only the nature of relationships isn't sufficient. What is more significa

Marketing Management, what are the significant factors that have led to the...

what are the significant factors that have led to the success of shoppers’ stop

Traditional marketing communication strategies, Question: a) Describe ...

Question: a) Describe the differences between traditional marketing communication strategies and service business communication strategies. b) Show the key planning conside

Define the concepts of marketing research, Define the concepts of marketing...

Define the concepts of marketing research. Market Research: Marketing research is the intelligence facility of a business enterprise. This implies the careful and goal st

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd