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Questions and Answers
What are the different decision-making roles in a family according to the text?
What are the different decision-making roles in a family according to the text?
Initiator, Influencer, Decider, Buyer, User
What are the two types of sources for information search mentioned in the text?
What are the two types of sources for information search mentioned in the text?
Internal sources and External sources
What is the aim of the evaluation procedure for alternatives according to the text?
What is the aim of the evaluation procedure for alternatives according to the text?
To satisfy a need and search for benefits
What are the five steps involved in determining preference score for alternatives?
What are the five steps involved in determining preference score for alternatives?
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What are the potential marketing actions for modifying or influencing buyer decisions mentioned in the text?
What are the potential marketing actions for modifying or influencing buyer decisions mentioned in the text?
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What are the 7 O's of consumer behaviour/research?
What are the 7 O's of consumer behaviour/research?
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What are the stages in the Buying Decision Process?
What are the stages in the Buying Decision Process?
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What is the definition of Consumer Behaviour?
What is the definition of Consumer Behaviour?
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What are the components of the Model of Buyer Behaviour?
What are the components of the Model of Buyer Behaviour?
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What are the three types of consumer behavior discussed in the text?
What are the three types of consumer behavior discussed in the text?
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What are the four factors influencing consumer decision-making according to the text?
What are the four factors influencing consumer decision-making according to the text?
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What are the three components of social class mentioned in the text?
What are the three components of social class mentioned in the text?
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Study Notes
Decision-Making Roles in a Family
- Roles can include initiator, influencer, decider, buyer, and user.
- Each member may take on different roles depending on the product or purchase occasion.
Information Search Sources
- Two types of sources: internal (personal experience) and external (information from others or media).
- External sources can include marketing information, family, friends, online reviews, and expert opinions.
Evaluation Procedure for Alternatives
- Aims to identify the best option by weighing the pros and cons of each alternative.
- Involves assessing potential choices against key criteria important to the buyer.
Steps in Determining Preference Score for Alternatives
- Define a set of criteria for evaluation.
- Assign weights to each criterion based on importance.
- Rate each alternative on each criterion.
- Multiply ratings by the assigned weights for each alternative.
- Sum the total scores to determine preferences.
Marketing Actions for Influencing Buyer Decisions
- Strategies can include targeting specific family roles, creating relatable advertising, and enhancing product visibility.
- Modifications can also involve adapting product features or prices to cater to consumer preferences.
7 O's of Consumer Behaviour/Research
- Need to consider: Observable, Ongoing, Organised, Outdated, Overrated, Objective, and Overlapping aspects of consumer action and thought processes.
Stages in the Buying Decision Process
- Problem recognition, information search, evaluation of alternatives, purchase decision, and post-purchase behavior.
- Each stage plays a critical role in shaping the final purchase and overall consumer satisfaction.
Definition of Consumer Behaviour
- The study of how individuals make decisions to spend their available resources on consumption-related items.
- Encompasses the processes involved from understanding needs to evaluating products.
Components of the Model of Buyer Behaviour
- Inputs: Marketing stimuli (product, price, place, promotion) and Environmental stimuli (cultural, social, personal).
- The Buyer’s characteristics: Cultural, social, personal, and psychological factors influence responses.
- Outputs: Buyer responses including product choice, brand choice, purchase timing, and purchase amount.
Types of Consumer Behavior
- Complex buying behavior, dissonance-reducing buying behavior, and habitual buying behavior.
- Each type reflects varying levels of involvement and risk in purchase decisions.
Factors Influencing Consumer Decision-Making
- Cultural influences, social influences (family and friends), personal influences (age, occupation), and psychological influences (motivation, perception).
Components of Social Class
- Occupation, income level, and education are key indicators.
- These components help to categorize individuals into different social strata, affecting their buying behavior.
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Description
Test your knowledge of consumer behavior in the context of food marketing with this quiz on Chapter 4. Explore concepts such as the buying behavior of the target market and the 7 O’s of consumer behavior.