Introduction to consumer behaviour

Get Full Essay Get access to this section to get all help you need with your essay and educational issues. Get Access An Introduction to Consumer Behaviour Essay Sample This introduction to consumer behaviour will provide the background information necessary for the study of consumer behaviour, with regard to its nature, definition, development, consumer decision making processes, research methods, market segmentation and relationship marketing. Through this it will explore the characteristics of consumer behaviour and the major concepts in the study of consumer behaviour.

Introduction to consumer behaviour

Purchase decision[ edit ] This is the fourth stage, where the purchase takes place. According to Kotler, Keller, Koshy and Jha[6] the final purchase decision can be disrupted by two factors: However, because his good friend, who is also a photographer, gives him negative feedback, he will then be bound to change his preference.

Secondly, the decision may be disrupted due to unanticipated situations such as a sudden job loss or the closing of a retail store. Post-purchase behavior[ edit ] These stages are critical to retain customers. In short, customers compare products with their expectations and are either satisfied or dissatisfied.

This can then greatly affect the decision process for a similar purchase from the same company in the future, [8] mainly at the information search stage and evaluation of alternatives stage.

Introduction to consumer behaviour

If customers are satisfied, this results in brand loyaltyand the information search and evaluation of alternative stages are often fast-tracked or skipped completely.

As a result, brand loyalty is the ultimate aim of many companies. On the basis of either being satisfied or dissatisfied, a customer will spread either positive or negative feedback about the product. At this stage, companies should carefully create positive post-purchase communication to engage the customers.

Models of buyer decision-making[ edit ] Making a few last minute decisions before purchasing a gold necklace from a Navy Exchange vendor There are generally three ways of analysing consumer buying decisions: Economic models - largely quantitative and are based on the assumptions of rationality and near perfect knowledge.

The consumer is seen to maximize their utility. Game theory can also be used in some circumstances. Psychological models - psychological and cognitive processes such as motivation and need recognition.

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They are qualitative rather than quantitative and build on sociological factors like cultural influences and family influences. Consumer behaviour models - practical models used by marketers.

They typically blend both economic and psychological models. In an early study of the buyer decision process literature, Frank Nicosia Nicosia, F. They are the univariate model He called it the "simple scheme".

He concluded that only this third type of model is capable of expressing the complexity of buyer decision processes.

In chapter 7, Nicosia builds a comprehensive model involving five modules. The encoding module includes determinants like "attributes of the brand", "environmental factors", "consumer's attributes", "attributes of the organization", and "attributes of the message".

Other modules in the system include, consumer decoding, search and evaluation, decision, and consumption.

What is Consumer Behaviour - Meaning, Concepts, PPT

Some neuromarketing research papers examined how approach motivation as indexed by electroencephalographic EEG asymmetry over the prefrontal cortex predicts purchase decision when brand and price are varied.

In a within-subjects design, the participants were presented purchase decision trials with 14 different grocery products seven private label and seven national brand products whose prices were increased and decreased while their EEG activity was recorded.

The results showed that relatively greater left frontal activation i. The relationship of frontal EEG asymmetry with purchase decision was stronger for national brand products compared with private label products and when the price of a product was below a normal price i. Higher perceived need for a product and higher perceived product quality were associated with greater relative left frontal activation.

They also utilize an active information search process. The risk associated with such decision is very high. List of cognitive biases It is generally agreed that biases can creep into our decision-making processes, calling into question the correctness of a decision.

Below is a list of some of the more common cognitive biases.

Introduction to Consumer Behavior

Selective search for evidence - We tend to be willing to gather facts that support certain conclusions but disregard other facts that support different conclusions. Selective perception - We actively screen out information that we do not think is salient.

Premature termination of search for evidence - We tend to accept the first alternative that looks like it might work.1 Background and introduction General intentions Consumer products such as shampoo or tomato sauce are designed so that they appeal to consumers, encouraging them to buy those products.

Chapter 2: Consumer Behaviour 97 services in order to run their business. Buyer is the individual who actually makes the purchase transaction whereas user is the person most directly involved in the. Consumer behaviour refers to the behaviour that consumer display in searching, purchasing, using, evaluating and disposing of products and services that they expect will satisfy their needs.

According to Walter – “Consumer behaviour is the process where by individual decides what, where, when, how, from whom to purchase the goods and. Marketing communications is a subset of the overall subject area known as marketing.

Marketing has a marketing mix that is made of price, place, promotion, product (know as the four P’s), that includes people, processes and physical evidence, when marketing services (known as the seven P’s). According to Webster – “Consumer behaviour is the psychological, social & physical behavior or potential customer as they become aware of evaluation, purchase, consume and tell .

An Introduction to Consumer Behaviour Essay Sample. This introduction to consumer behaviour will provide the background information necessary for the study of consumer behaviour, with regard to its nature, definition, development, consumer decision making processes, research methods, market segmentation and relationship marketing.

Consumer behaviour Introduction Notes - BBA|mantra