Consumer and Industrial Buying Behavior

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Consumer and Industrial

Buying Behavior
Presented by:
Siddesh Dighe – 07
Aditya Kadu – 17
Shubham Narkar – 27
Mayur Sangale – 37
Sufiyan Sayyed – 47
Rahul Ranjan – 57
TABLE OF CONTENTS
01 History of Product and Service

02 Different Service Type/ Category the product falls into

03
01
Marketing Strategy of Product
What perceived risks are considered by consumer for purchasing
04
the product

05 03
STP of the Product 04
06 Identifying the needs Trio and Hierarchical Value Mapping
01
History of Mercedes-Benz
“The Best or Nothing”
Founded : 28th June, 1926; 96 years ago
Headquarters: Stuttgart, Germany
Production Output: 21,64,187 cars worldwide (2020)
Subsidiaries: Mercedes- AMG

Mercedes- Benz Slogan

The creator of Mercedes- Benz

What was the first Mercedes ever created?


01
History of Urban Company
Your Service Expert
Founded : November, 2014
Headquarters: Gurugram, India
Founded by: Abhiraj Singh Bhal, Raghav Chandra, Varun Khaitan

Brand’s Main Motive

Services the platform provides

Expansion of the business


02
Different Service Type/
Category the product falls
into
HISTORY STUDIES

Mercedes- Benz

Urban Company
03
Marketing Strategy of
Mercedes- Benz
HISTORY STUDIES
WORLD WAR II SIDES
Unique way to show their features

Not Directly Flaunting


04
Perceived risks consumer
considers while purchasing the
product
Financial RiskWORLD WAR
II VICTIMS
Time Risk

Decision Risk

Facility Risk
05
STP of Mercedes- Benz
STAGES OF WORLD WAR II

STP

Segmentation Targeting Positioning


06

Identifying the Needs Trio and


Hierarchical Value Mapping
STAGES OF WORLD WAR II

McClelland’s Need Theory

Need for
Need for Affiliation Need for Power
Achievement

Dream Car Brand Loyalty Social Status

Performance
Hierarchical Value Mapping of Mercedes-
STAGES OF WORLD WAR Benz II

Social
Value Comfort Safety Efficiency
Status

Consequence Product
s Convenience Speed Technology
Differentiation

Premium Plush High performance Sleek Anti-lock


Attributes
Pricing Carpeting engine Styling braking sys.
Hierarchical Value Mapping of Urban
STAGES OF WORLDCompany WAR II

Customer Social
Value Efficiency
Satisfaction Status

Consequence Cost
s Convenience Easy to use Time saving
reduction

Various Top Tier Good User At home Variety of


Attributes
offers Service Interface service services
6
Thank You
We are open to questions!

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