The document compares individual consumer buying behavior to organizational buying behavior across several bases. Individual consumers buy smaller quantities of goods for personal use, while organizations buy larger quantities of limited goods to meet business needs. Consumer buying is a simpler process driven by personal needs, while organizational buying is a more rational process involving multiple individuals and objective factors related to production and distribution.
The document compares individual consumer buying behavior to organizational buying behavior across several bases. Individual consumers buy smaller quantities of goods for personal use, while organizations buy larger quantities of limited goods to meet business needs. Consumer buying is a simpler process driven by personal needs, while organizational buying is a more rational process involving multiple individuals and objective factors related to production and distribution.
The document compares individual consumer buying behavior to organizational buying behavior across several bases. Individual consumers buy smaller quantities of goods for personal use, while organizations buy larger quantities of limited goods to meet business needs. Consumer buying is a simpler process driven by personal needs, while organizational buying is a more rational process involving multiple individuals and objective factors related to production and distribution.
Bases Consumer Buying Behavior Organizational Buying Behavior Purpose of The individual consumers buy goods and The organizations buy goods and services for Buying services for ultimate use or satisfy their needs. their business needs.
Quantity The quantity of goods remains small. Organizational buying is done in large quantities.
It is a rational process because the purchasing
Purchase Consumer buying takes decision by consumers behavior of organizations is guided by objective Decision themselves. factors having to do with production and distribution
Organizational buyers usually have fewer brands to
Most of the consumers may not have adequate Market choose from than do individuals, and their purchases knowledge and information about market Knowledge must be evaluated on the basis of criteria that are situation, available goods and services, etc. specific to the overall needs of the organization Types of Consumers buy many goods to use to satisfy Organizational buyers buy limited goods to use to Goods personal or family needs. conduct business. Consumer buying behavior is effected by age, Effect occupation, income level, education, gender Many individuals are involved in the buying process etc. of consumers.
The consumer buying process is very simple. No
Buying Buyers and sellers in the organizational market must need to fulfill any formality. There is also no Process maintain extensive contact. need to maintain extensive contact with sellers.