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MARKETING MANAGEMENT 12th edition

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Presentation on theme: "MARKETING MANAGEMENT 12th edition"— Presentation transcript:

1 MARKETING MANAGEMENT 12th edition
6 Analyzing Consumer Markets Kotler Keller

2 What Influences Consumer Behavior?
Cultural Factors Social Factors Personal Factors

3 Culture The fundamental determinant of a person’s wants and behaviors
acquired through socialization processes with family and other key institutions

4 Subcultures Nationalities Religions Racial groups Geographic regions
Special interests

5 Social Classes Upper uppers Lower uppers Upper middles Middle class
Working class Upper lowers Lower lowers

6 Characteristics of Social Classes
Within a class, people tend to behave alike Social class conveys perceptions of inferior or superior position Class may be indicated by a cluster of variables (occupation, income, wealth) Class designation is mobile over time

7 Social Factors Reference groups Family Social roles Statuses

8 Reference Groups Membership groups Primary groups Secondary groups
Aspirational groups Dissociative groups

9 Family Family of Orientation Religion Politics Economics
Family of Procreation Everyday buying behavior

10 Personal Factors Age Self- Life cycle concept stage Occupation
Lifestyle Wealth Values Personality

11 Behavior changes according to life cycle stage Family Psychological Critical life events

12 Lifestyle Influences Multi-tasking Time-starved Money-constrained

13 Figure 6.1 Model of Consumer Behavior

14 Key Psychological Processes
Motivation Perception Learning Memory

15 Maslow’s Hierarchy of Needs

16 Subliminal Perception
Selective Attention Selective Retention Selective Distortion Subliminal Perception

17 Figure 6.4 Consumer Buying Process
Problem Recognition Information Search Evaluation Purchase Decision Postpurchase Behavior

18 Sources of Information
Personal Commercial Public Experiential

19 Figure 6.5 Successive Sets

20 Figure 6.6 Stages between Evaluation of Alternatives and Purchase
Click on the video icon to launch a video about postpurchase evaluation among Subaru car owners.


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