Professional Documents
Culture Documents
Model of CB
What stimulates a consumer to look for products
and services? How can the consumer know about the products and services that can fulfill his needs? How does marketing, environmental and personal characteristics affect the buying process of the consumer? How does the buyer takes decisions to buy? Where, what and when does he buy? How does he consume the product? What will be his feel
Marketing Offers: 4 Ps
Desired state of the buyer. Research to identify consumers present and future needs. Information Search: Find the products to satisfy ones need through personal or commercial sources. Marketers should design communication programs to ensure maximum impact in minimum time. Evaluation of Alternatives: Shorter time for convenience goods and more time for durable goods. Based on several models-list of attributes and the satisfaction level. Marketers should supply information on USPs, Comparative advertising and use role models for effective
consideration set- Choice set- Final Decision. Final Decision is influenced by: Opinion leaders, perceived risk and unanticipated situational factors. Once the final choice has been made the decision involves: 1. From which dealer to buy the product? 2. What quantity to buy? 3. When to buy? 4. Which payment mode to choose from?
buyer after using the product. If it meets expectations the consumer feels satisfied. If not, he feels disappointment. Word of mouth publicity Disposal of products: when not reusable, when dissatisfied , when planning to buy new Marketers should take proper care to form expectations of the consumer. Assure the customer by highlighting success stories. Educate proper use of product. Ensure timely servicing.
Environmental factors in CB
Socio- Cultural Factors
1.
2. 3. 1. 2. 3.
Culture Groups---associated, reference, opinion leaders Family Technological factors Communication Transportation Machinery
Economic Factors
1.
2. 3. 4. 1. 2.
Globalisation Competition Inflation (Sachets) Credit facility Political factors Development Consumer Protection
Buyer characteristics
Age and Lifecycle stage---childres, youth etc.
Occupation
Income Situation Lifestyles---Activities, Interests and Opinions Personality and Self Concept--- brand and
consumer personality must match. Motivation: stage of maslows hierarchy Learning: Numbers, images, simple words, easy use Perception: Selective Attention, Distortion and Retention
Complex
Difference among brands
Variety Seeking
Dissonance reducing
Habitual
durables--- marketers should try demonstrations, opinion leadership, trained sales force for this category Dissonance reducing: Carpets, furniture etc. buyer identifies certain attributes and uses them. Marketers should be aware of this. Habitual: Daily needed goods. Consumers lack brand consciouness. Rational appeal and emotional appeal. Variety seeking: confectionary items. Focus on USP and highlighting the difference.