Principles of Marketing BA 390 Fall 2006 Dr. McAlexander
Consumer Markets and Buyer Behavior Purchase Process Need Recognition Information Search Evaluation of Alternatives Purchase Decision Postpurchase Behavior
Consumer Markets and Buyer Behavior Need Recognition Information Search Evaluation of Alternatives Purchase Decision Postpurchase Behavior Cultural Influences Culture Subculture Social Class
Consumer Markets and Buyer Behavior Need Recognition Information Search Evaluation of Alternatives Purchase Decision Postpurchase Behavior Social Influences Reference Groups Family Roles and Status
Consumer Markets and Buyer Behavior Need Recognition Information Search Evaluation of Alternatives Purchase Decision Postpurchase Behavior Personal/Psychological Influences Age and Lifecycle Lifestyle Perception
Consumer Markets and Buyer Behavior Need Recognition Information Search Evaluation of Alternatives Purchase Decision Postpurchase Behavior Situational Factors Physical Social Temporal
Business Markets Larger market than consumer markets Fewer but larger buyers Geographically concentrated Demand is derived Demand is more inelastic Demand fluctuates more Professional buyers
Participants in the Buying Process Users Influencers Buyers Deciders Gatekeepers
Characteristics of Products that Affect the Rate at Which They Diffuse Relative Advantage Divisibility/Trialability Communicability Compatibility Complexity