INDIVIDUAL BUYING BEHAVIOUR Session 2 Thursday, March 30 2000 Marketing Winter 2000
SESSION OUTLINE Individual Decision-Making Process « Helen Subscribes to Electricity » Variables Affecting the Decision Characteristics of Industrial Buyers The Buying Centre Marketing Winter 2000
Customer Buying Process Buyer’s mental evaluation of alternatives Recognition of problem or need Search for alternatives and info. Purchase Post purchase behavior Influencing Factors Speed of repairs Product durability Extended warranty Depleted inventory Advertising Promotions Store display Past experience Brochures Catalogs Friends Social class Personality Lifestyle Store location Salesperson skill Availability of credit Time Line Marketing Winter 2000
PSYCHOLOGICAL PROCESSES Motivation - Arousal Perception Formation Learning (cognitive, instrumental, operant) Attitudes - Values Personality - Lifestyle Marketing Winter 2000
TYPES OF PURCHASE SITUATIONS Extended Problem-Solving: high risk Limited Problem-Solving learn-feel-do Routine learn-do-feel Impulse do-feel-learn Marketing Winter 2000
INDUSTRIAL BUYING BEHAVIOUR Professional Buyers Derived Demand Inputs in the Production Process Marketing Winter 2000
BUYING SITUATIONS New Task Modified Rebuy Straight Rebuy Marketing Winter 2000
BUYING CENTER User Buyer Decider Influencer Gatekeeper Marketing Winter 2000
NEXT SESSION Monday, April 3 Market Analysis - Aggregated buying behaviour Chapter 5 and Readings in package Marketing Winter 2000