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MARKETING BEGINS WITH CUSTOMERS

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Presentation on theme: "MARKETING BEGINS WITH CUSTOMERS"— Presentation transcript:

1 MARKETING BEGINS WITH CUSTOMERS
CHAPTER 06 4/26/2017 MARKETING BEGINS WITH CUSTOMERS 6.1 Understanding Consumer Behavior 6.2 What Motivates Buyers? 6.3 Types Of Decision-Making © South-Western Publishing MARKETING

2 UNDERSTANDING CONSUMER BEHAVIOR
GOALS for Lesson 6.1 Describe the importance of understanding consumer behavior. Demonstrate and understanding of consumer wants and needs. © South-Western Publishing

3 Consumer Behavior Final consumers Business consumers
© South-Western Publishing

4 Consumers’ Wants and Needs
A want is an unfulfilled desire. A need is anything you require to live. © South-Western Publishing

5 Maslow’s Hierarchy of Needs
Self-Actualization (to realize your potential) Esteem (respect and recognition) Social (friends, love, belonging) Security (physical safety and economic security) Physiological (food, sleep, water, shelter, air) © South-Western Publishing

6 WHAT MOTIVATES BUYERS? GOALS for Lesson 6.2
Distinguish between different buying motives. Describe the five steps of the consumer decision-making process. © South-Western Publishing

7 Buying Motives Emotional motives Rational motives Patronage motives
© South-Western Publishing

8 The Decision-Making Process
Postpurchase Evaluation Purchase Alternative Evaluation Information Search Problem Recognition © South-Western Publishing

9 TYPES OF DECISION-MAKING
GOALS for Lesson 6.3 Describe the influences on the consumer decision-making process. Explain how consumers and businesses use routine, limited, and extensive decision-making. © South-Western Publishing

10 Influences on the Consumer Decision-Making Process
Personality Social class Cultural environment Reference groups © South-Western Publishing

11 Types of Decision-Making
Routine decision-making Limited decision-making Extensive decision-making © South-Western Publishing

12 Marketers’ Response If the consumer considers alternatives
If the consumer is brand-loyal © South-Western Publishing


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