Lecture Principles of Marketing - Chapter 5: Consumer markets and consumer buyer behavior

The main contents of this chapter include all of the following: Model of consumer behavior, characteristics affecting consumer behavior, types of buying decision behavior, the buyer decision process, the buyer decision process for new products.
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Lecture Principles of Marketing - Chapter 5: Consumer markets and consumer buyer behavior I t ’s good  and  good for you Chapter Five Consumer Markets and Consumer Buyer Behavior Copyright © 2012 Pearson Education, Inc. Chapter 5- slide 1 Publishing as Prentice Hall Consumer Markets and Consumer Buyer Behavior • Topic Outline • Model of Consumer Behavior • Characteristics Affecting Consumer Behavior • Types of Buying Decision Behavior • The Buyer Decision Process • The Buyer Decision Process for New Products Copyright © 2012 Pearson Education, Inc. Chapter 5- slide 2 Publishing as Prentice Hall Model of Consumer Behavior Consumer buyer behavior : the buying behavior of final consumers, individuals and households, who buy goods and services for personal consumption Consumer market : all of the personal consumption of final consumers Copyright © 2012 Pearson Education, Inc. Chapter 5- slide 3 Publishing as Prentice Hall Model of Consumer Behavior Copyright © 2012 Pearson Education, Inc. Chapter 5- slide 4 Publishing as Prentice Hall Characteristics Affecting Consumer Behavior • Factors Influencing Consumer Behavior Copyright © 2012 Pearson Education, Inc. Chapter 5- slide 5 Publishing as Prentice Hall Characteristics Affecting Consumer Behavior Culture is the learned values, perceptions, wants, and behavior from family and other important institutions Copyright © 2012 Pearson Education, Inc. Chapter 5- slide 6 Publishing as Prentice Hall Characteristics Affecting Consumer Behavior Subculture are groups of people within a culture with shared value systems based on common life experiences and situations • Hispanic American • African American • Asian American • Mature consumers Copyright © 2012 Pearson Education, Inc. Chapter 5- slide 7 Publishing as Prentice Hall Characteristics Affecting Consumer Behavior Social classes are society’s relatively permanent and ordered divisions whose members share similar values, interests, and behaviors • Measured by a combination of occupation, income, education, wealth, and other variables Copyright © 2012 Pearson Education, Inc. Chapter 5- slide 8 Publishing as Prentice Hall Major American Social Classes Copyright © 2012 Pearson Education, Inc. Chapter 5- slide 9 Publishing as Prentice Hall Characteristics Affecting Consumer Behavior • Groups and Social Networks Copyright © 2012 Pearson Education, Inc. Chapter 5- slide 10 Publishing as Prentice Hall Characteristics Affecting Consumer Behavior • Groups and Social Networks • Word-of-mouth influence and buzz marketing Opinion leaders are – people within a reference group who exert social influence on others – Also called influentials or leading adopters – Marketers identify them to use as brand Copyright © 2012ambassadors Pearson Education, Inc. Chapter 5- slide 11 Publishing as Prentice Hall Characteristics Affecting Consumer Behavior • Groups and Social Networks • Online Social Networks are online communities where people socialize or exchange information and opinions • Include blogs, social networking sites (facebook), virtual worlds (second life) Copyright © 2012 Pearson Education, Inc. Chapter 5- slide 12 Publishing as Prentice Hall Characteristics Affecting • SocialConsumer Factors Behavior • Family is the most important consumer- buying organization in society • Social roles and status are the groups, family, clubs, and organizations that a person belon ...