This presentation discusses factors that influence retail consumer behavior. It defines consumer behavior and identifies cultural, social, personal, and psychological factors. Social factors include reference groups like family that influence personality and purchasing decisions. An individual's role and status in society also impact buying behavior. For example, those in high positions are expected to purchase items that reflect their status.
This presentation discusses factors that influence retail consumer behavior. It defines consumer behavior and identifies cultural, social, personal, and psychological factors. Social factors include reference groups like family that influence personality and purchasing decisions. An individual's role and status in society also impact buying behavior. For example, those in high positions are expected to purchase items that reflect their status.
This presentation discusses factors that influence retail consumer behavior. It defines consumer behavior and identifies cultural, social, personal, and psychological factors. Social factors include reference groups like family that influence personality and purchasing decisions. An individual's role and status in society also impact buying behavior. For example, those in high positions are expected to purchase items that reflect their status.
This presentation discusses factors that influence retail consumer behavior. It defines consumer behavior and identifies cultural, social, personal, and psychological factors. Social factors include reference groups like family that influence personality and purchasing decisions. An individual's role and status in society also impact buying behavior. For example, those in high positions are expected to purchase items that reflect their status.
MBA 3RD SEM 18192207 CONSUMER BEHAVIOR The word consumer refers to individuals who buy for themselves or their family, whereas a customer is the person who buys the product, not necessarily for personal use or consumption. Thus, the one who buys the product is called a customer and who uses the product is called a consumer. Consumer behavior is defined as the activities that people undertaken when obtaining, consuming and disposing of products and services. Schiffman and Kanuk state that consumer behavior is “the behavior that the customers display in searching for, purchasing, using, evaluating, disposing of products and services that they expect will satisfy their needs.” FACTORS INFLUENCING THE RETAIL SHOPPER BEHAVIOR CULTURAL FACTORS SOCIAL FACTORS
• CULTURE • REFERENCE GROUP
• SUB CULTURE • FAMILY
• SOCIAL CLASS • ROLE & STATUS
PERSONAL FACTORS PSYCHOLOGICAL FACTORS • OCCUPATION • MOTIVATION • ECONOMIC • PERCEPTION CONDITIONS • LIFE STYLE • LEARNING • PERSONALITY • BELIEFS AND ATTITUDE SOCIAL FACTORS The social factors are the factors that are prevalent in the society where a consumer live in. the society is composed of several individuals that have different preferences and behaviors. These varied behaviors influence the personal preferences of the other set of individuals as they tend to perform those activities which are acceptable to the society. FAMILY • Influence the personality, attitude, beliefs, characteristics of the individual. • Influence the decision making of an individual with respect to the purchase of certain goods. REFERENCE GROUP A group which an individual likes to get associated, i.e. want to be called as a member of that group. It is observed that all the members of reference group share common buying behavior and have a strong influence over each other. ROLE AND STATUS An individual’s position and role in the society also influence his buying behavior. Such as, a person holding a supreme position in the organization is expected to purchase that items which advocate his status.