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6 Consumer Decision Making

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Presentation on theme: "6 Consumer Decision Making"— Presentation transcript:

1 6 Consumer Decision Making
Dr. Close

2 Importance of Consumer Behavior
Why study consumer behavior? Complex: personality is a poor predictor of purchasing. Purchasing agent is variable (no longer wife, husband, etc…) May have + attitude without intent to buy (I like Jennifer Anniston v.s. I plan to see Anniston’s new movie; Mercedes) Routine or involved decisions

3 An Involved Choice? Previous experience, interest, risk, social visibility and purchase situation Purchase situation includes: Time (convenience stores a good value vs grocery?) 3. Atmospherics (how stores makes you feel) What are some of the other things that makes you purchase a particular product? 2. Reason for purchase (gift vs personal use; restaurant choice)

4 Purchase Situation by Gender

5 Decision Making Process
Need recognition (vs want) Information search (internal/external) Evaluation of alternatives (evoked set) Purchase (or not) Post purchase behavior (cognitive dissonance)

6 Cognitive Dissonance Dissonance Buyer’s remorse
Ex: Neiman Marcus, United Airlines, and what else??

7 Other Influences Social factors (reference groups,
opinion leaders, family) Cultural factors (values, subcultures, class) Individual factors (demographics, psychographics) Psychological factors (perception, motivation, learning, and beliefs)

8 Social Factors Reference groups
Those you look to for guidance. What are some reference groups that you can think of?? Marketers: opinion leaders, influence others, usually type of product Most influential for visible products (car vs mattress – function)

9 Cultural Influences Subcultures and values
Social Class is defined as people with the same status in a society. It is NOT simply a function of income Factors U.S.: usually measured Occupation Education Housing U.S. is fluid (change) People over rank themselves

10 Individual Influences
Demographic change Change in lifestyles and attitudes 1936 current 1965 1972 1980 1986 Betty Crocker pictures change as consumer attitudes and lifestyles also change.

11 Oil of Olay Ads Before After
People did not see the positive association between oil and beauty. As such, the second logo for Olay was changed and oil was taken out.

12 Psychological Influences
Perception Gathering & interpreting of information from the world around us. The process involves: Selective exposure Seek what interests us, ignore others Ex: political information and what else?? Selective distortion Screen/modify ideas we disagree with Ex: power of suggestion, Bugs Bunny, and what else?? Selective retention Remember what you want Ex: forget homework, photo memory

13 Selective Distortion

14 Hierarchy of Needs Physiological Safety Social Personal
Love, friendship, status, esteem Interaction with others (Club Med) Personal Need for personal satisfaction Any examples??

15 Safety Ad Appeal

16 XBOX 360: Address what “needs?”

17

18 Summary Why study consumer behavior? Involvement factors
Social, cultural, individual, psychological Hierarchy of needs Any questions?


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