Factors affecting buying behavior of consumers

In effect, the brain makes automatic decisions as to what is relevant and what is not. These lead individuals to interpret later information in a specific way.

A consumer may not act in isolation in the purchase, but rather may be influenced by any of several people in various roles. They may buy cars and items for their first residence away from home. He can have his personal reasons for likes, dislikes, price, convenience or status.

5 Factors Influencing Consumer Behaviour | Explained

How often do you see the same commercial aired during a single television show? You have probably noticed that the things you buy have changed as you age. Some advertising agencies specialize in advertising directed at men. This process consists of up to five stages: The family tradition and customs are learnt by children, and they imbibe many behavioural patterns from their family members, both consciously and unconsciously.

Purchase of these items is often collective; children even participate in decision making on such major purchases as cars and houses. Other determinants might include such factors as whether both parents are earning.

Because such beliefs and attitudes shape the brand image and affect consumer buying behavior so traders are interested in them. Family Influence As has already been said, the family is the most important of the primary group and is the strongest source of influence on consumer behaviour.

Social factors SOCIAL factors include groups reference groups, aspirational groups and member groupsfamily, roles and status. The purchasing power of U. People in South India have a certain style of consumption of food, clothing, savings, etc.

One study found that shocking content increased attention, benefited memory, and positively influenced behavior among a group of university students Dahl, et.

For quality, the cues are typically price, brand name and retailer name. Family members can strongly influence the buyer behaviour, particularly in the Indian contest.

Expenditure is more health orientated, buying appliances for sleep, over-the-counter OTC drugs like Crocin, Disprin, Gellusil remedies for indigestion.

Different emphasis is given by different cultures for the buying, use, and disposing of products. In fact, personality is not what one has, but is the totality of the conduct of a man in different circumstances.

External Environmental Factors Affecting Consumer Behaviour Consumer Behaviour

Social class is defined by parameters like income, education, occupation, etc. In many countries, people are expected to marry within their own social class. Decision process — 5 stages I.

Personal factors Personal factors may also affect consumer behavior. They may spend more money on holidays, as well as the items mentioned in empty nest II. Apart from the direct purchases of things that children need, they influence decision making to a marked extent.

Marketing products based on the ethnicity of consumers is useful but may become harder to do in the future because the boundaries between ethnic groups are blurring.

The rise of the middle class in India and China is creating opportunities for many companies to successfully sustain their products.

Factors Affecting Consumer Behavior

In terms of its function as a reference group, the family is distinguished by the following characteristics: When asked, people tend to say they are middle class, which is not always correct.

Similarly, have you ever told someone a story about a friend and that person told another person who told someone else?The environmental factors affecting consumer buying behaviour are explained below Cultural Influences It is defined as a complex sum total of knowledge, belief, traditions, customs, art, moral law or any other habit acquired by people as members of society.

Consumer Buying Behaviour refers to the buying behaviour of the ultimate consumer. Many factors, specificities and characteristics influence the individual in what he is and the consumer in his. Cultural factors affecting consumer buying behaviour: Cultural factors have a significant impact on customer ultimedescente.come is the most basic cause of a person’s wants and behavior.

Growing up, children learn basic values, perception and wants from the family and other important groups. Factors Affecting Consumer Behavior. 5 | Consumer behavior refers to the selection, acquisition and consumption of goods and services to meet their needs. There are different processes involved in consumer behavior.

Some of the important factors that influence personal buying behavior are: lifestyle, economic status, occupation. In the early history consumer behaviour has led to theories, research methods and background knowledge of the consumer economy and self-service concepts.

Consumer behaviour in the ’s is based on the concept of marketing through various alternative approaches. Widespread adoption of the. 4 important Factors that Influence Consumer Behaviour. Consumer Behaviour – The consumer, The KING of the market is the one that dominates the market and the market trends.

Lets us know the King first. A consumer is someone who pays a sum to consume the goods and services sold by an organization.

Download
Factors affecting buying behavior of consumers
Rated 0/5 based on 33 review