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PROCESS
contents
Introduction to consumer buying process
Buyer-an enigma
Types of buyers
The indian consumer
What does a customer buy?
Buyer motivation
Roles in consumer buying
Actual consumer buying process
Buying situations
Influence on consumer buying
Tools to study buyer behaviour
conclusion
INTRODUCTION
PSYCHOLOGICAL FACTORS
a. MOTIVATION
SELF
• MASLOW’S HIERARCHY OF ACTUALIZATION
AFFILIATION
SECURITY NEEDS
BASIC NEEDS
1. INITIATOR
2. INFLUENCER
3. DECIDER
4. BUYER
5. USER
CONSUMER BUYING PROCESS
→HIGH NEED RECOGNITION OR
PROBLEM IDENTIFICATION
INVOLVEMENT
PRODUCT DEVELOPMENT OF
DECISION CRITERIA
SEARCH FOR
ALTERNATIVES
EVALUATION OF
ALTERNATIVES
DECISION
VIDEO 1
→LOW
PROBLEM / NEED
INVOLVEMENT RECOGNITION
PRODUCT
EVALUATION OF
ALTERNATIVES
DECISION
Video 2
THEORY OF COGNITIVE DISSONANCE
Leon festinger proposed this theory
Post purchase consumer behaviour
Dissonance gets heighted when:
plenty of choices
each alternative equally attractive
buying situation is highpriced-high risk
situation
the product reflects his/her self concept
Buying Situations:-