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Marketing Management

PRESENTED BY:
Preeti
Priya Bishnoi
Sagar Rathore
Devashish
Question?
Take purchase of a house by a young, double
income, professional, couple as the example
and explain the buying process involved in it
all concepts discussed in the consumer
behaviour
CONSUMER BEHAVIOUR

• Consumer behaviour is the study of how individual


customers, groups or organizations select, buy, use, and
dispose ideas, goods, and services to satisfy their needs and
wants. It refers to the actions of the consumers in the
marketplace and the underlying motives for those actions.
Definition of
Consumer Behaviour
• Consumer behaviour is a concept in marketing where in
companies study how individual person , groups of
people buy , sell or interact with a product , service or a
brand in the market

• Consumer behaviour by name means behaviour of the


consumer which again means how consumer behaves
around a particular product of a company
BUYING PROCESS
1.Problem Recognition-
Put simply, before a purchase can ever take place,
the customer must have a reason to believe that
what they want, where they want to be or how
they perceive themselves or a situation is
different from where they actually are
2.Information Search-
Once a problem is recognized, the customer
search process begins. They know there is an
issue and they’re looking for a solution.
3. Evaluation of Alternatives-
Just because you stand out among the competition doesn’t
mean a customer will absolutely purchase your product or
service. In fact, now more than ever, customers want to be
sure they’ve done thorough research prior to making a
purchase
4. Purchase Decision
Somewhat surprisingly, the purchase decision falls near the
middle of the six stages of the consumer buying process. At
this point, the customer has explored multiple options, they
understand pricing and payment options and they are
deciding whether to move forward with the purchase or not.
That’s right, at this point they could still decide to walk away.
5. Purchase
A need has been created, research has been
completed and the customer has decided to make a
purchase. All the stages that lead to a conversion have
been finished. However, this doesn’t mean it’s a sure
thing. A consumer could still be lost
6. Post-Purchase Evaluation
Just because a purchase has been made, the process
has not ended. In fact, revenues and customer loyalty
can be easily lost. After a purchase is made, it’s
inevitable that the customer must decide whether they
are satisfied with the decision that was made or not.
They evaluate.
Conclusion
• As they both are earning well they decided to
purchase a house and followed all buying
process that are mentioned above.

• There are so many factors that affect


customer to purchase a house i.e. : Purchasing
power, Group influence, Personal preference,
Economic condition, Marketing campaigns.
REFRENCES
• https://www.google.co.in/search?q=consumer+behaviour&
rlz=1C1CHBD_enIN814IN814&source=lnms&tbm=isch&sa=
X&ved=0ahUKEwifveyhzNTeAhXKfCsKHWzXBtQQ_AUIDygC
&biw=1536&bih=754#imgrc=q9EK87CByULZ4M:
• https://www.google.co.in/search?q=factors+affecting+cons
umer+behaviour&rlz=1C1CHBD_enIN814IN814&source=ln
ms&tbm=isch&sa=X&ved=0ahUKEwjH76qiz9TeAhXFKo8KH
T2GAqoQ_AUIDigB&biw=1536&bih=706&dpr=1.25#imgrc=
xhSF_DWYpsXRtM:
• https://www.business2community.com/consumer-
marketing/six-stages-consumer-buying-process-market-
0811565