Categories: Marketing

Consumer Buying Behavior

&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad1" id&equals;"quads-ad1" style&equals;"float&colon;left&semi;margin&colon;0px 0px 0px 0&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;<p>The consumer buying behavior is defined as a process in which the individuals search&comma; purchase&comma; use and finally dispose of the goods and services in accordance to their needs&comma; wants and satisfaction&period; In other words&comma; the consumer buying behavior studies the actions and decisions of the people that motivate them to involve in buying and using the products&comma; services that a company offers&period; The things need to understand under this topic are&semi;<&sol;p>&NewLine;<blockquote><p>• What is the reason behind ever purchase that a consumer makes&quest;<&sol;p>&NewLine;<p>• What are the factors that influence the consumer purchases&quest;<&sol;p>&NewLine;<p>• The variation of social factors&period;<&sol;p><&sol;blockquote>&NewLine;<p>As aforementioned&comma; the consumer behavior is the buying behavior of the ultimate customer&period; However the firms need to study the consumer behavior for the following reasons&semi;<&sol;p>&NewLine;<blockquote><p>• The reactions of the buyers to firms is an active ingredient of planning a marketing strategy and so this has an impact on the firm’s success<&sol;p>&NewLine;<p>• It is an essential component of creating a marketing mix&comma; to understand the psychology of the consumer that what satisfies his needs&comma; what he wants&comma; how&comma; and where&comma; respectively&period;<&sol;p>&NewLine;<p>• The marketers can adeptly predict in designing the consumer response model to their marketing strategies&period;<&sol;p><&sol;blockquote>&NewLine;<p>The consumer’s degree of complexity in making decisions is discussed as follows&period; That normally comprises of 6 different stages&period;<&sol;p>&NewLine;<blockquote><p><strong>1&period;The needs awareness<&sol;strong> – Here the focus is on what actually is desired&comma; and what is the real state&quest; The classification of such needs is like hunger to food&comma; thirst to water etc&period;<&sol;p>&NewLine;<p><strong>2&period;The search based on the information<&sol;strong> – for example memory&comma; friends&comma; relatives etc&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad2" id&equals;"quads-ad2" style&equals;"float&colon;none&semi;margin&colon;0px 0 0px 0&semi;text-align&colon;center&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad3" id&equals;"quads-ad3" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;

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