Consumer behaviour when making a purchase, Business Management

Assignment Help:

Describe briefly the main stages included in the (rational) process of consumer behaviour when making a purchase. 

Problem/Need recognition

The purchasing process is a problem solving process of how to satisfy a requirement or want. Crucially consumers do not so much buy goods or services as satisfy a demand or need by the purchase. The first stage is that the consumer identifies that requirement or problem. 

Information searching

The second stage involves the consumer performing a search of several options to satisfy the identified need. This might be done informally through remembering past experience, talking to others or more formally by consulting directories, 'window shopping' alternatives or internet search engines. 

Evaluation of alternatives

This stage involves the consumer in comparing several brands and products in order that a choice might be made between the viable alternatives. 

Purchasing decision

Next the customer actually makes a purchase choice. The choice is only normally altered if (for instance) there is a temporary 'stock-out' or further information emerges about the alternatives which were rejected initially. 


Related Discussions:- Consumer behaviour when making a purchase

Evaluate blake and mouton as a motivational model, Question 1: (a) Desc...

Question 1: (a) Describe the contribution of FOUR fields to Organisational Behaviour. (b) Describe what do you understand by the following terms: (i) Roles

Times series, explain time series and its usefulness

explain time series and its usefulness

Auto business question, An automobile manufacturer observes the demand for ...

An automobile manufacturer observes the demand for its brand increasing as per capita income increases. Sales increases also follow low interest rates, which ease credit conditions

Types of entrepreneur on basis of personality traits, What are the types of...

What are the types of Entrepreneur on the basis of Personality Traits? Classifications onto the basis of Personality Traits as well as their style of running the business are a

Important provisions for employee employment of young person, What are the ...

What are the important provisions for employee employment of young person? The provisions for employment of young person are as below: a. Prohibition of employ of young chil

What is product development, What is product development? Product Dev...

What is product development? Product Development: Product Development is an activity that comprises design and its redesign and fabrication of modified or new product and

Buffer stock, The demand and supply can never be assessed exactly. Ther...

The demand and supply can never be assessed exactly. There is discrepancy between actual and estimated demand and supply quantities with fair degree of uncertainty. A b

Production and operations mangement, 5. The average annual investment cost ...

5. The average annual investment cost of a workstation in New Jersey has been calculated to be $100,000. It has been calculated to be $150,000 in Kentucky. The hourly cost at a wor

Identify tools which used to impact planning, It is an imperative that when...

It is an imperative that when formulating Operational plans the environments in which the business operates in are considered, identify the environments and the tools used to analy

Describe the importance for employees to work as team, QUESTION 1 Altho...

QUESTION 1 Although knowledge of the communication process and skills in implementing it are basic to effective communication they will not guarantee success. The sender must a

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