Most of consumers make decision regarding every aspect of our daily life. One of the decisions that can make is whether to purchase or not to purchase a product or a service. This process is known as the buyer decision process. The idea of a person cautiously examining the characteristics of products, brands or services and reasonably choosing the cheapest one that solves a clearly known need portrays the phrase ‘consumer decision’ (Hawkins & Mothersbaugh, 2012). The buyer decision process model consists of five stages, namely need recognition, information search, alternative evaluation, product purchase, and post-purchase evaluation (refer to Figure 1 in Appendix 1). The first stage of buyer decision process is need recognition. This is …show more content…
When consumers are completed with their searching stage, they make an evaluation to decide whether which product should be purchased. Evaluation is the process where consumer has the ability to define different choices and select the option that will satisfy him (Jeddi, Atefi, Jalali, Poureisa, & Haghi, 2013). The alternatives that are defined during evaluation stage are considered before purchasing a particular products or services. These alternatives also known as considerable set or evoked set. After constructing the considerable set, consumers evaluate alternatives by depending on pre-existing evaluations or forming new alternatives. Pre-existing evaluations mean consumers have own experiences on the usage of the products. Consumers evaluate alternatives based on experiences gained from certain products and decide whether to repurchase or not next time. According to Thangasamy and Patikar (2014), previous experiences act as most influencing factor when consumers make brand alternatives for the purchase of durable goods. This result is based on the case study conducted by E. Thangasamy and Dr. Gautam Patikar in the year 2004 in order to analyse consumer buying behaviour of durable goods in Nagaland. Besides, pre-existing evaluations can also be indirect experiences. For example, a consumer buys a product based on review given by their friends who have purchased the product earlier. While for constructing new evaluations, it means that consumers insert new alternatives that have never been tried or used before into the considerable set before proceeding to the purchase stage. So, at the end of evaluation stage, consumers figure out and form the brand preference in order to proceed to purchase decision
These actions are intended to ensure that its customer base does not get bored with the same products and to attract new
How would these differences influence the process in which value are assigned to competing offers which are being compared? The motivation behind purchasing decisions made by businesses and consumers differ significantly. When organization purchase equipment, they plan to utilize them in ways that will help the business attain the set goals and objectives. The purchased items are strategically sought after as they play a major part in helping the organization generate value in ways that will help cover the costs incurred and increase the overall profit.
The survey indicates convenience was not a big concern as the buyers prefer to buy their products. Next, the buyers stated that they did not agree or disagree on what they want to buy when shopping. Third, the buyers are not patient when they are ready to order their products. They want their products as fast as they order it. Fourth, the survey noted that the buyers like to look at several options.
The attribute that the study is testing is consumers’ dissonance when they know that they have an incomplete set. The “sets” that are often created for consumers, such as six bottles in a case of
Awareness and knowledge fall under the cognitive phase (thinking), liking and preference fall under the affective phase (feeling) and lastly, the conviction and purchase stages 19 under the conative phase (behavior). The theory proposes that in order for an advertiser to successfully sell the brand, the customer must go through all of the six
In the fashion industry’s case, products may also be used or tried on before making a final purchase. Professors of marketing Kitty Wang and Avi Goldfarb call these factors experimental capabilities. (Wang and Goldfarb 2017) Unfortunately, experimental capabilities are hard to replicate digitally, leaving people to rely on other factors. These may include imagery, reviews (see Making E-Commerce Social), product descriptions, or sometimes intuition.
References ........................................................................................................................................ 44 9. Appendixes ........................................................................................................................................ 46 9.1 Appendix 1................................................................................................................................... 46 9.2 Appendix 2................................................................................................................................... 47 9.3 Appendix 3................................................................................................................................... 48 Table of Figures Figure 1: Structure of the work ....................................................................................................... 5 Figure 2: Research method.............................................................................................................. 8 Figure 3: The buying cycle (Revise diagram)..........................................................................
This is the most critical step because it establishes control methods and inspections to test the product. All of this is made possible by integrating the voice of the customer in all decisions.
• Review Review is the process that entirely lies under the hands of the customers and the distribution channel. The review from retailers can give the estimate about the sales details, the variables affecting the selection capability of customers and the amount of inventory to be kept in specific stores in order to avoid the piling up of
Porsche 1. Analysis of the buyer decision process of a traditional Porsche customer. There are five stages in buying decision process which are shown through following diagram: Porsche is a reputed company and it is well known to customers. In case of difficult situation of purchase, customer can follow all the five stages such as purchasing of durable goods of new brand.
Variety Seeking Behavior and its Implications Variety seeking behavior is a wide topic in marketing literature and it is researched a lot about it. In simple terms, the presence of numerous varying brands of a similar product in a consumer’s purchase repertoire would be categorized under variety seeking behavior (Kahn, Kalwani, & Morrisson, 1986). There are two schools of thought which are popularly known for involving in variety seeking buying tendency. The first school of thought looks at this behavior which is variety seeking buying behaviour to be unexplainable in its nature.
To obtain this ideal situation has to be perceived as “acceptable” by the consumer based on the level of importance he attributes to the need. Second step, information search, it’s the time for the consumer to start of looking for information about possible solutions to the problem, the consumer will search more or less information and the sources of information it can be by family or friends or internet, advertising or it can be mass media, consumer organization and in the last it can be examining or using the product. Third step, evaluation of alternatives, once the buyers collecting the information about the product he will be able to evaluate the different alternatives that offer to him, evaluate the most suitable to his needs and choose the one he think it’s best for him.
Over a span of three consecutive weeks I have documented my personal purchases to analyze my consumer behavior. Consumer behavior is a process, and a significant component of the series of actions within the process is when the exchange occurs. The exchange ensues when a marketer gives an item as the consumer presents something of value such as money. As a consumer, I am an individual that establishes a need or a desire for a particular product which contributes to a purchase eventually being made. Finally, after obtaining the item for an extended period of time it is then put to use and later disposed of.
The buyer’s level of involvement and the level of involvement
Consumer is one who consumes the goods & services product. The aim of marketing is to meet and satisfy the Consumer needs and wants. The modern marketing concept makes customers the centre stage of organisation efforts. The focus, within the marketing concepts is to reach target and largest customer’s sets ball rolling for analysing each of the conditions of the target market1. Consumer behaviour can be defined as “the decision making process and physical activity involved in acquiring, evaluating, using and disposing of goods and services”.