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Consumer Markets And Industrial Market. The aim of marketing is to meet and satisfy target customer’s needs and wants better than competitors. Marketers.

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Presentation on theme: "Consumer Markets And Industrial Market. The aim of marketing is to meet and satisfy target customer’s needs and wants better than competitors. Marketers."— Presentation transcript:

1 Consumer Markets And Industrial Market

2 The aim of marketing is to meet and satisfy target customer’s needs and wants better than competitors. Marketers are always looking for emerging customer trends that suggest new marketing opportunities.

3 What Influences Consumer Behavior ? Cultural Factors Social Factors Reference Groups Family Roles And Status Personal Factors Age And Stage In The Life Cycle Occupation And Economic Circumstances Personality And Self Concept Lifestyles And Values

4 Key Psychological Process Mktg Stimul Other Stimul Consumer Psyc. Consumer Char. Product & services Price Dist. Economic Technological Political Cultural Motivation Perception Learning Memory Cultural Social Personal Problem Recognition Purchase Decision Problem Recognition Purchase Decision Bying Decision Pro Purchase Decision.

5 Motivation : Freud,Maslow, Herzberg 5 Self- actualizatio n Needs 4 Esteem Needs 3 Social Needs 2 Safety Needs 1 Physiological Needs

6 Perception Learning Memory

7 The Buying Decision Process : The Five Stage Model

8 Information Search

9

10 Thank You


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