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Consumer Behavior
CONSUMER BEHAVIOR
The study of how people buy, what they buy, why they buy and when they buy.
It attempts to understand the buyer decision making process, both individually and in groups.
CONSUMER AUDIENCE
The people who buy or use products to satisfy needs or wants. Types of consumers
Those who buy the product Those who use the product
Target Audience
Psychological influences
Culture
Social Class
Determined by factors like income , wealth, education, occupation, family prestige, value of home, and neighborhood It is assumed that people in one class buy different products than any other class for different reasons.
E.g Walls icecream vs Movenpick icecream
Reference Groups
Family
Family consists of two or more people who are related by blood, marriage or adoption and live in the same household. Family helps develop a lifestyle (how you spend time and money and the kinds of activities you value)
Demographics
Geographic location
PSYCHOLOGICAL INFLUENCES
Perception
The process by which we receive information through our five senses and assign meaning to it.
3 sets of influences shape perception The physical characteristics of the stimuli The relationship of the stimuli to the surroundings The persons state of mind. Some stimuli are selected over others Selective perception Screening out some information that does not interest us and retaining that information that interests us.
PSYCHOLOGICAL INFLUENCES
Selective exposure Seeking information that is in line with our beliefs, values, experiences, biases, attitudes. Selective distortion Changing the meaning of information that is conflicting with our beliefs Selective retention The process we go through to retain information
PSYCHOLOGICAL INFLUENCES
A little exercise
ACTIVITY - PERCEPTION
ACTIVITY - PERCEPTION
ACTIVITY - PERCEPTION
ACTIVITY - PERCEPTION
ACTIVITY - PERCEPTION
ACTIVITY - PERCEPTION
ACTIVITY - PERCEPTION
ACTIVITY - PERCEPTION
ACTIVITY - PERCEPTION
ACTIVITY - PERCEPTION
ACTIVITY - PERCEPTION
ACTIVITY - PERCEPTION
ACTIVITY - PERCEPTION
ACTIVITY - PERCEPTION
ACTIVITY - PERCEPTION
ACTIVITY - PERCEPTION
ACTIVITY - PERCEPTION
ACTIVITY - PERCEPTION
ACTIVITY - PERCEPTION
ACTIVITY - PERCEPTION
ACTIVITY - PERCEPTION
ACTIVITY - PERCEPTION
PSYCHOLOGICAL INFLUENCES
Learning
Perceptions lead to learning We learn something that we perceive and attach meaning to it. Cognitive learning
Behavioral conditioning
Classic conditioning Pairing one stimulus with another that already is associated with a response e.g. associating sound of bell with end of school day Operant conditioning Voluntary occurrences of behavior that are then rewarded , ignored or punished.
When you use a mobile while you drive, your head is somewhere else
PSYCHOLOGICAL INFLUENCES
Motive
An internal force that forces you to behave in a particular way. Advertisers study buying motives.
Need
Basic forces that motivate us to do something Primary needs: requirements to maintain life Secondary: Acquired needs in response to our culture and environment. Needs change over time.
PSYCHOLOGICAL INFLUENCES
Attitudes
A learned feeling you hold towards an object, a person or an idea that leads to a particular behavior.
Attitudes are resistant to change. Attitudes are learned, hence can be changed or replaced.
PSYCHOLOGICAL INFLUENCE
Lifestyle
The way a person spends his time and money and the activities he likes to perform.
Need Recognition Information Search Evaluation of alternatives Purchase Decision Post Purchase Evaluation