Podcast
Questions and Answers
What is the primary role of influencers or opinion leaders in marketing?
What is the primary role of influencers or opinion leaders in marketing?
- To handle customer complaints.
- To create new product designs.
- To exert social influence on others. (correct)
- To design marketing strategies.
What is the primary focus of the chapter regarding consumer behaviour?
What is the primary focus of the chapter regarding consumer behaviour?
- Exploring business customer buying behaviour
- Analyzing marketing strategies for businesses
- Understanding consumer buying influences and processes (correct)
- Examining the role of social media in marketing
Which term describes the buying behaviour of individuals and households that purchase goods for personal use?
Which term describes the buying behaviour of individuals and households that purchase goods for personal use?
- Business buyer behaviour
- Consumer buying behaviour (correct)
- Retail behaviour
- Market behaviour
How much more likely are influencers to belong to multiple organizations compared to average consumers?
How much more likely are influencers to belong to multiple organizations compared to average consumers?
How many major factors influencing consumer buyer behaviour are identified in the chapter?
How many major factors influencing consumer buyer behaviour are identified in the chapter?
Which marketing strategy involves creating or enlisting influencers to promote products?
Which marketing strategy involves creating or enlisting influencers to promote products?
Which statement accurately reflects the relationship between buyer involvement and consumer behaviour?
Which statement accurately reflects the relationship between buyer involvement and consumer behaviour?
What is a common purpose of brand ambassador programs?
What is a common purpose of brand ambassador programs?
What is the consumer market primarily composed of?
What is the consumer market primarily composed of?
What benefit do companies gain from using influencers to launch new products?
What benefit do companies gain from using influencers to launch new products?
Which of these online platforms is NOT commonly associated with influencer marketing?
Which of these online platforms is NOT commonly associated with influencer marketing?
What type of buying decision behaviour is least likely to involve extensive research and consideration?
What type of buying decision behaviour is least likely to involve extensive research and consideration?
Which aspect of buyer behaviour is highlighted as a key explanation for consumer actions?
Which aspect of buyer behaviour is highlighted as a key explanation for consumer actions?
What characteristic is often true of effective brand ambassadors?
What characteristic is often true of effective brand ambassadors?
Why are recommendations from consumers considered highly trustworthy by many?
Why are recommendations from consumers considered highly trustworthy by many?
What is the aim of marketing as described in the chapter?
What is the aim of marketing as described in the chapter?
What is a primary characteristic of variety-seeking buying behavior?
What is a primary characteristic of variety-seeking buying behavior?
What is one method that market leaders may use to encourage habitual buying behavior?
What is one method that market leaders may use to encourage habitual buying behavior?
Which stage is NOT part of the buyer decision process?
Which stage is NOT part of the buyer decision process?
Which statement best describes the underlying motive for brand switching in variety-seeking behavior?
Which statement best describes the underlying motive for brand switching in variety-seeking behavior?
What marketing strategy might challenger firms adopt to promote variety-seeking?
What marketing strategy might challenger firms adopt to promote variety-seeking?
In what scenarios might consumers skip stages in the buyer decision process?
In what scenarios might consumers skip stages in the buyer decision process?
What can be concluded about consumers' attitudes toward brand loyalty in variety-seeking behavior?
What can be concluded about consumers' attitudes toward brand loyalty in variety-seeking behavior?
Which factor is a major driver for the increase in variety-seeking buying behavior?
Which factor is a major driver for the increase in variety-seeking buying behavior?
What is the primary factor that influences the rate of adoption for electric vehicles?
What is the primary factor that influences the rate of adoption for electric vehicles?
Which characteristic is least likely to influence consumer buyer behavior?
Which characteristic is least likely to influence consumer buyer behavior?
What term describes the observable buying responses of consumers?
What term describes the observable buying responses of consumers?
Which factor is not considered a key set of buyer characteristics that influence consumer behavior?
Which factor is not considered a key set of buyer characteristics that influence consumer behavior?
What role does 'communicability' play in the adoption of electric vehicles?
What role does 'communicability' play in the adoption of electric vehicles?
Which of the following is considered a 'subculture'?
Which of the following is considered a 'subculture'?
What is the simplest model of consumer buyer behavior called?
What is the simplest model of consumer buyer behavior called?
Which of the following best describes 'economic forces' in consumer buyer behavior?
Which of the following best describes 'economic forces' in consumer buyer behavior?
What triggers a consumer's need recognition?
What triggers a consumer's need recognition?
What is the main focus of marketers during the buying process?
What is the main focus of marketers during the buying process?
What happens if a consumer’s need is strong and a satisfactory product is readily available?
What happens if a consumer’s need is strong and a satisfactory product is readily available?
Which statement best represents a critique of the traditional buying process model?
Which statement best represents a critique of the traditional buying process model?
How might a consumer engage in information search after identifying a need?
How might a consumer engage in information search after identifying a need?
Which need is prioritized when individuals are starving?
Which need is prioritized when individuals are starving?
In what situation might the buying process stages be reversed?
In what situation might the buying process stages be reversed?
What is a typical reaction of a consumer if their service experience does not meet expectations?
What is a typical reaction of a consumer if their service experience does not meet expectations?
What is selective attention?
What is selective attention?
What specifically might influence a consumer's decision when selecting a product?
What specifically might influence a consumer's decision when selecting a product?
What does selective distortion refer to?
What does selective distortion refer to?
How can perception affect marketing strategies?
How can perception affect marketing strategies?
What role does selective retention play in perception?
What role does selective retention play in perception?
Which of the following best describes the concept of perception?
Which of the following best describes the concept of perception?
What does post-purchase bias illustrate about consumer behavior?
What does post-purchase bias illustrate about consumer behavior?
What remains a significant reason for Maslow's hierarchy of needs despite its criticism?
What remains a significant reason for Maslow's hierarchy of needs despite its criticism?
Flashcards
Consumer Buyer Behaviour
Consumer Buyer Behaviour
The buying behavior of individuals and households who purchase goods and services for their personal use.
Consumer Market
Consumer Market
The collective group of all final consumers who make purchases for personal use. It includes billions of individuals and households worldwide.
Model of Consumer Behaviour
Model of Consumer Behaviour
A model that illustrates the process a consumer goes through when making a purchase decision. It considers factors like need recognition, information search, and post-purchase evaluation.
Factors Affecting Consumer Behaviour
Factors Affecting Consumer Behaviour
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Complex Buying Behaviour
Complex Buying Behaviour
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Habitual Buying Behaviour
Habitual Buying Behaviour
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Variety-Seeking Buying Behaviour
Variety-Seeking Buying Behaviour
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Buyer Decision Process
Buyer Decision Process
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Influencer (Opinion Leader)
Influencer (Opinion Leader)
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Buzz Marketing
Buzz Marketing
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Brand Ambassadors
Brand Ambassadors
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Influencer Marketing
Influencer Marketing
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Adoption-Diffusion Process
Adoption-Diffusion Process
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Academic Social Networks
Academic Social Networks
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Online Social Networks
Online Social Networks
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Trust in Consumer Recommendations
Trust in Consumer Recommendations
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Selective Distortion
Selective Distortion
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Motivation and Perception
Motivation and Perception
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Perception
Perception
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Selective Attention
Selective Attention
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Selective Retention
Selective Retention
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Sensory Information and Learning
Sensory Information and Learning
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Individual Perception
Individual Perception
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Maslow's Hierarchy of Needs
Maslow's Hierarchy of Needs
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Low Consumer Involvement
Low Consumer Involvement
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Significant Perceived Brand Differences
Significant Perceived Brand Differences
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Market Leader Strategy
Market Leader Strategy
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Challenger Brand Strategy
Challenger Brand Strategy
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Need Recognition
Need Recognition
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Information Search
Information Search
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Evaluation of Alternatives
Evaluation of Alternatives
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Purchase Decision
Purchase Decision
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Post-Purchase Behavior
Post-Purchase Behavior
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Consumer Involvement
Consumer Involvement
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Buyer Decision Process Model
Buyer Decision Process Model
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Culture
Culture
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Subculture
Subculture
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Social Factors
Social Factors
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Communicability
Communicability
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Factors Influencing Adoption
Factors Influencing Adoption
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Stimulus-Response Model
Stimulus-Response Model
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Marketing Stimuli
Marketing Stimuli
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Study Notes
Consumer Markets and Consumer Buyer Behaviour
- Consumer buyer behaviour examines how consumers buy
- Models of consumer behaviour
- Characteristics influencing consumer behaviour
- Social media marketing and brand ambassadors
- Types of buying decision behaviour
- The buyer decision process for new products
- The Internet of Things: slow adoption
Chapter Preview
- Understanding the marketplace and sustainability concerns
- The aim of marketing is to influence consumer thoughts and actions
- Understanding consumer buying influences and processes
- Consumer buying behaviour is a key, but difficult marketing task
- Buyer involvement influences marketing strategies.
Learning Objectives
- Define the consumer market and create a simple consumer buyer behaviour model
- Identify four factors influencing consumer buyer behaviour
- Explain the four buying decision behaviours and the role of buyer involvement
- Explain the buyer decision process
Buying Behaviour
- Consumer buyer behaviour refers to the buying behaviour of final consumers for personal consumption.
- The consumer market consists of approximately 7 billion people.
Models of Consumer Behaviour
- Consumers make many weekly purchasing decisions
- Buyer-company relationships can become routinized
- Brand loyalty to preferred companies is common.
Consumer Buyer Behaviour
- Consumers vary in age, income, and preferences
- Consumer behaviour is influenced by multiple factors
- Consumer choices are complex and multifaceted
Cultural Factors
- Culture is the most fundamental influence on consumer behaviour
- Culture influences a person's wants and behaviours
- Children adopt cultural values, perceptions, and desires from the society around them
Subculture
- Subcultures are groups within a culture sharing common values based on experiences
- Subcultures are diverse; marketers must recognize these groups
- Subculture analysis requires prudence
Mature Consumers
- Mature consumers are a valuable market segment
- Mature consumers often show flexibility and willingness to try new products (e.g., computers)
Social Factors
- Social factors, such as small groups, family, and social roles and statuses, influence consumer behaviour.
- Reference groups are groups that influence behaviour, including aspirational groups
- Consumers may conform to the reference groups to gain acceptance or exhibit desirable characteristics
- Understanding reference groups is important for marketers
Word-of-Mouth Influence and Buzz Marketing
- Influencers and opinion leaders drive social influence on purchases.
- Marketers use influencers to spread the word about their products
- User-generated content plays a significant role in consumer interactions
User-Generated Content
- Marketer use of social media as a tool for two-way communication
- Consumers may be more inclined to interact with/trust peer reviews/testimonials
- User-generated content may be politically incorrect or challenge corporate messaging
Learning
- Learning is a crucial aspect of consumer behaviour
- Learning arises from experience, and incorporates drives, stimuli, cues, responses, and reinforcements.
Beliefs and Attitudes
- Beliefs and attitudes form a consumer's perception of a product or service
- Belief is a descriptive thought about an object or idea
- Attitude is a consistent evaluation, feeling, or tendency towards an object or idea marketers can leverage attitudes to gain market share
Consumer Buying Decision Process
- Need recognition, information search, alternative evaluation, purchase decision, post-purchase behavior
- In routine purchases, consumers often skip or reverse some stages.
Information Search
- Consumers may rely on memory or actively search for further information
- Information sources can be diversified: personal, commercial, public, and experiential
- Consumers rely heavily on personal sources for product validation
- User-generated content influences consumer trust and brand awareness
Evaluation of Alternatives
- Consumers evaluate purchase alternatives based on their criteria and beliefs
- Marketers must understand the factors and importance influencing consumer choice
- Marketers can use various approaches, from calculated to intuitive, in evaluating criteria
Purchase Decision
- Factors such as social forces and unexpected contingencies influence a purchase decision
- Consumer post-purchase behaviour is critical to assessing success and understanding factors of dissatisfaction
Post-Purchase Behaviour
- Satisfaction or dissatisfaction with the purchase is a critical post-purchase evaluation criterion
- Consumer discomfort due to perceived conflicts is known as 'cognitive dissonance'
- Post-purchase behaviour is important; satisfied consumers may act as brand advocates.
Buyer Decision Process for New Products
- Consumers go through five stages in adopting a new product: awareness, interest, evaluation, trial, and adoption.
- Marketers must understand the adoption process to effectively promote new products
- Innovators and early adopters are crucial segments to influence adoption.
Influence of Product Characteristics on Rate of Adoption
- Factors such as relative advantage, compatibility, complexity, divisibility, and communicability influence the adoption rate of products.
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