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Marketing Management Consumer Behavior I
Paul Dishman, Ph.D. Department of Business Management Marriott School of Management Brigham Young University Lecture 7
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“Blackbox” model of CB $ Response Environmental Stimuli Individual
Characteristics & Decision Processes $ Response Marketing Stimuli
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How do consumers make decisions?
Economic Man Theory Hedonistic Man Theory Pavlovian Theory
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Purchase Behavior
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Stages in Buying Behavior
Awareness need recognition Interest information search Evaluation evaluation of alternatives Trial purchase decision Adoption postpurchase behavior
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Psychological Factors
Perceptions: biases and blind spots Beliefs, attitudes, and learning Positive reinforcement (next class) Motivation
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Motivation: Maslow Self-Actualization Esteem Social Safety
Physiological
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Actualizers Principle Oriented Status Oriented Action Oriented
Psychographics: VALS 2 Principle Oriented Status Oriented Action Oriented Achievers Strugglers Strivers Fulfilleds Believers Experiencers Makers Abundant Resources Minimal Resources
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Time of Adoption of Innovations
Early Majority 34% Laggards 16% Innovators 2.5 % Late Majority 34% Early Adopters 13.5 %
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Important Attributes in Buying
Convenience (most important attribute to a consumer?) Price Dependability quality of product Investment
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Simple Model Buyer Marketing Characteristics Stimuli Buyer Response
Buying Decision Other Stimuli
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Exercise Take out a piece of paper
Please answer the following questions
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#1 Are you the person responsible for purchasing laundry detergent in your household? Yes No
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#2 If YES to above, list the name of a laundry detergent that you purchase on a regular basis If NO to above, what is the name of the first laundry detergent brand that comes to mind?
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#3 If YES to #1, list the reason(s) that you purchase this brand
If NO to #1, list the reason(s) that you think the brand you thought of is so popular
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#4 What other brands of laundry detergent might you consider purchasing, and why?
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#5 In your opinion, what is the most important feature for a laundry detergent?
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Exercise: Create Model
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Why would this be important to
Possible CB Model Price Purchase Decision Why would this be important to ? Availability Evoked Set of Brands Purchase Priority Decision Type Salient Features/ Benefits Family or Surrogate Influence How could they use this information?
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Importance of Understanding Buyer Behavior
Construct model to help understand your buyers’ decision process Find influences and influencers Determine influential methods leverage costs by maximum effectiveness Determine reinforcement points Evaluate
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For next class Read article “From Choices to Checkout...”
Bring taste-test materials
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