Types of Buying Behavior

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Presentation transcript:

Types of Buying Behavior The decisions and actions of people involved in buying and using products Consumer buying behavior The purchasing of products for personal or household use, not for business purposes Business buying behavior The purchasing of products by producers, resellers, governmental units, and institutions Copyright © Cengage Learning. All rights reserved

Internet Sources of Marketing Information Source: William M. Pride and O. C. Ferrell, Marketing: Concepts and Strategies, 15th ed. (Mason, Ohio: South-Western/Cengage Learning, 2010). Reprinted with permission. Copyright © Cengage Learning. All rights reserved

Consumer Buying Decision Process and Possible Influences on the Process Source: William M. Pride and O. C. Ferrell, Marketing: Concepts and Strategies, 15th ed. (Mason, Ohio;: South-Western/Cengage Learning 2010). Adapted with permission. Copyright © Cengage Learning. All rights reserved

The American Consumer Consumer income Personal income The income an individual receives from all sources less the Social Security taxes the individual must pay Disposable income Personal income less all additional personal taxes Discretionary income Disposable income less savings and expenditures on food, clothing, and housing Copyright © Cengage Learning. All rights reserved