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CONSUMER PURCHASE DECISION PROCESS Consumer Behavior Purchase Decision Process Problem Recognition: Perceiving a Need.

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Presentation on theme: "CONSUMER PURCHASE DECISION PROCESS Consumer Behavior Purchase Decision Process Problem Recognition: Perceiving a Need."— Presentation transcript:

1 CONSUMER PURCHASE DECISION PROCESS Consumer Behavior Purchase Decision Process Problem Recognition: Perceiving a Need

2 FIGURE 5-1 FIGURE 5-1 Purchase decision process

3 CONSUMER PURCHASE DECISION PROCESS Information Search: Seeking Value  Internal Search  External Search Personal Sources Public Sources Market-Dominated Sources

4 FIGURE 5-2 FIGURE 5-2 Consumer Report’s evaluation of portable MP3-capable CD players

5 CONSUMER PURCHASE DECISION PROCESS Alternative Evaluation: Assessing Value  Evaluative Criteria  Consideration Set Purchase Decision: Buying Value  Cognitive Dissonance Postpurchase Behavior: Value in Consumption or Use

6 FIGURE 5-A FIGURE 5-A What new car buyers consider most important in deciding what new car to buy

7 CONSUMER PURCHASE DECISION PROCESS Involvement and Problem-Solving VariationsInvolvement and Problem-Solving Variations  Extended Problem Solving  Limited Problem Solving  Routine Problem Solving

8 FIGURE 5-4 FIGURE 5-4 Influences on the consumer purchase decision process

9 Fresh Step Crystals Cat Litter Why use the Good Housekeeping Seal?

10 FIGURE 5-B FIGURE 5-B Brand loyalty tendency by product category

11 PSYCHOLOGICAL INFLUENCES ON CONSUMER BEHAVIOR Lifestyle  Psychographics  VALS ™ Thinkers Believers Achievers Strivers Experiencers Makers Innovators Survivors

12 VALS™ Consumer Segments How do consumers make purchase decisions?

13 SOCIOCULTURAL INFLUENCES ON CONSUMER BEHAVIOR Personal Influence  Opinion Leadership Opinion Leaders Opinion Leaders Word of Mouth Word of Mouth Buzz

14 Pierce Brosnan and Anna Kournikova Why use celebrity spokespersons?


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