Banta, Ramon Timothy D. | 15N8001
BB-3307 Consumer Behavior | Dr. Nazlinda
THE EXCEPTIONAL CASE IN CONSUMER BEHAVIOR:
IMPULSE BUYING
INTRODUCTION
Living in a world heavily influenced by the consumer culture which transcends the differences and individualities of all nations, the market is successful to impact the people, sociologically and psychologically. The desires to be at par with peers and colleagues from the standpoint of product possessions cause to stir the emotions of consumers from buying basic needs to “created needs”. The emphasis of the consumer market on catch phrases like “more is better”, “you need this”, and “you need a new one”, appeals to the rational minds of the people to justify their perceived needs. From this
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Although not part of the shopping list, for some undefined reasons, and unevaluated thought basis, the consumer would still buy the product just to gratify the impulse. This is very common in grocery stores and supermarkets. For example, the consumer is already waiting in queue to pay for his/her groceries. Near the cashier, the consumer sees a rack of confectioneries and just because he/she had a sudden urge to get that item, he/she gets the product. This is a simple illustration of impulse buying.
In the most general sense, impulse buying refers to unplanned or spontaneous buying. According to the study1 made by Wahida Shahan Tine, a lecturer in faculty of business in ASA University Bangladesh, the concept of impulse buying involves four important characteristics: (1) it is an unplanned purchase, (2) the consumer is exposed to a certain stimulus which makes the consumer impulsive, (3) the nature of the buying behavior is immediate, and (4) the consumer experiences a particular emotional reaction after the purchase, such as disregarding the future consequences even if they would be
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The traits of the customer highly affect the inclination of a consumer to buy impulsively. Usually, these consumers are spontaneous, careless, intuitive, and have emotional fluctuations. They want their needs and wants to be gratified immediately. Consumers who tend to buy impulsively do not have self-control, easily gets excited by a lot of things, and takes into account his/her self-esteem very
Notably a lot of are behavior for shiny new objects is fueled from what is seen in everyday existence. The extravagant life style of the upper class which is on constant display across many media broadcasting outlets around the world for everyone to see and desire. Prompting individuals impulsive reaction to make purchases for what they see; even though they know otherwise they can not afford it. The textbook gives numerous accounts to why America has become a nation of mass consumption and what triggers people impulse to spend in relation to material possession and the American Dream.
A Summary and Response to Andrew Leonard’s “Black Friday: Consumerism minus Civilization.” It all started in the 1960s; Someone thought that it would a good idea to make the day after Thanksgiving a great day for advertising for shopping for Christmas. Andrew Leonard covers this topic of how bizarre shopping has become in recent years in “Black Friday: Consumerism minus Civilization.” Leonard pokes fun at the consumers who rush these stores for the best deals offered up by the crazed advertisements.
1. INTRODUCTION Apple Inc. Official, a famous IT company in the world, began with a computer. They produce electronic gadgets with a good quality and attractive over the year. With their massive success, however, they are actually having problems, regardless internal or external problems.
Introduction At the start of this course, I had no idea what to expect. This is due to the fact that marketing is a field that offers a combination of so many different disciplines such as art, psychology, and statistics. I encounter marketing on a daily basis but have strangely enough not reflected too much about it. Nevertheless, it is a very interesting subject, which deals with promoting and selling services and products.
Consumers make purchase decisions when buying small items (such as a cup of coffee) and buying larger items such as houses. Consumers begin to search for products or services that meet their needs after recognizing their needs or needs. They evaluate their choice and pay attention to everything from pricing to brand reputation before the mark is purchased. Four consumer buying behaviour overview product purchase