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Consumer Marketing and Buyer Behavior: Prepared By, B.Ragavi.,Ap/Bme
Consumer Marketing and Buyer Behavior: Prepared By, B.Ragavi.,Ap/Bme
1
AND BUYER BEHAVIOR
Prepared by,
B.RAGAVI.,AP/BME
B.RAGAVI/AP-BME 07/20/2022
2 Consumer Marketing
B.RAGAVI/AP-BME 07/20/2022
3 Consumer Behavior
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4 (Cntd…)
B.RAGAVI/AP-BME 07/20/2022
5 Need for Study of Consumer
Behavior
The study of consumer behavior helps everybody as all are
consumers.
It is essential for marketers to understand consumers to survive
and succeed in this competitive marketing environment.
Consumer behavior is said to be an applied discipline as some
decisions are significantly affected by their behavior or expected
actions.
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6 (Cntd..)
The micro perspectives involve understanding consumer for the
purpose of helping a firm or organization to achieve its
objectives. The people involved in this field try to understand
consumers in order to be more effective at their task.
The macro perspective applies knowledge of consumers to
aggregate- level faced by mass or society as a whole. The
behavior of consumer has significant influence on the quality and
level of the standard of living.
B.RAGAVI/AP-BME 07/20/2022
7 Consumer Buyer Behavior
Consumer Buying Behavior refers to the actions taken (both on and
offline) by consumers before buying a product or service.
Buying Behavior is the decision processes and acts of people involved in
buying and using products.
B.RAGAVI/AP-BME 07/20/2022
Models for Consumer Behavior
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Nicosia Model
The buyer behavior model is taken from the marketing mans point of
view.
It is also called systems model as the human is analysed as a system, with
stimuli as the input to the system and the human behavior as an output of
the system.
It establishing a link between the organization and its prospective
consumer.
The Nicosia model divides the above activity explanation into four basic
areas.
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Field one has two sub areas-the consumer attributes and the firms
attributes.
The advertising message from the company will reach the
consumers attributes.
Certain attributes may develop sometimes depending upon the
way the message is received by the consumer.
The newly developed attribute becomes the input for area 2.
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Area 3: This area explains as how the consumer actually buys the
product.
Area 4: This is related to the uses of the purchase items. This can
also be used as an output to receive feedback on sales results to the
firm.
B.RAGAVI/AP-BME 07/20/2022
12 Howrard and Sheth Model
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14 Economic model
An individual buyer seeks to spend his money on such goods which give
maximum satisfaction (utility) according to his interests and at relative cost.
The buying behavior is determined by the income – its distribution and
level - affects the purchasing power.
Disposable Personal Income
Size of family income
Income expectation
Tendency to Spend and to Save
Consumer credit
B.RAGAVI/AP-BME 07/20/2022