Uploaded on Jan 12, 2023
Consumer purchasing behavior describes the steps consumers take before purchasing a good or service, both online and offline. It’s challenging to categorize anything as complex as consumer purchasing behavior into four orderly groups.
Key Factors Influencing Customer Purchasing Behavior
K EY FACTORS INFLUENCING CUSTOM ER PURCHASING BAn EAcHadeAmVic pIrOeseRntation by Dr. Nancy Agnes, Head, Technical Operations, Phdassistance Group www.phdassistance.com Email: [email protected] Today's Discussion Introduction What are the key factors influencing cWuhsatotm areer tphuer cfhouars itnygp ebse hoaf viour? purchasers? Consumer Purchasing Process has Five Stages Introduction All of us have been in the situation where we enter a store and immediately notice something we must have. Retailers invest enormous sums of money each year in an effort to give their As a consumer eventually connects with a product and makes a bcuusyt,omers that sense. branding, web marketing, video and print commercials, social media eThffiosr tbsl,o agn wdi lsl oe xopnlo arlel stheee mm aton yc osmorets t oogf eptuhrecrh.asers as well as the factors that affect and shape consumer purchasing behavior (Ali & Anwar, 2021) contd... Consumer purchasing behavior describes the steps consumers take before purchasing a good or service, both online and offline. Search engine research, participation in social media discussions, and a range of other activities could be part of this process. Understanding this process is beneficial for organizations because it enables them to better match their marketing attempts to those that have previously been successful in persuading customers to make purchases. This kind of behavior is influenced by many things. What are the key factors influencing customer purchasing behaviour? The process of consumer purchase intention is influenced by a number of elements, including cultural, social, personal, and psychological considerations. If viewed independently, they might not encourage a purchase. The more components that make up a brand, the more likely it is that a Bc eolnoswu mar ee rt hweo 4u ldco idmem notinfy f wacittho rist and buy fro m it (Xu et al.,20 20) . involved1:.Cultural Factors - People's nationalities do not always contd... determine their culture. Additionally, it might be characterized by their affiliations, their religious convictions, or even their geographic 2lo.cSaotiocnia. l Factors - elements in a person's environment that athffeeyc tv iheoww products. 3.Pers ona l Fa ctors - Age, ma rita l position, fina nc ia l situa tion, aon se w'se ollw ans personal convictions, morality, and values, are a few examples. 4.Psychological Factors - The way a person is feeling when they are presented with a product will frequently affect how they feel about both the product and the brand as a whole. What are the four types of purchasers? The analytical, the affable, the driven, and the expressive customer are the four main categories of purchasers. Based on what drives each individual to purchase, they are different. 1.The Analy tical purchaser - This logical and knowledgeab le consumer would consider all the information on rival brands and items before making a selection. contd... 2.The Amiable purchaser - This purchaser is friendly and genuinely wants to make everyone happy. The impression of a win/lose conclusion causes them to frequently become frozen when faced with important d3e.Tcihseio nDsr i(vBears tposu,r 2c0h2a0s).er - Most significant to drivers is how other people see them and whether they are being followed. Drivers are the trendsetters in the industry, and they are more focused in how they appear than the relationships that are built via transactions. contd... 4. The Expressive purchaser - For the Expressive Buyer, relationships are essential. They are unable to tolerate being ignored or feeling alone throughout a transaction. They prefer to feel like your most valuable asset, nevertheless. It's challenging to categorize anything as complex as consumer purchasing behavior into four orderly groups. The majority of people will discover that they exhibit a mix of these kinds of consumer purchasing behavior. It 's critica l to c om prehend the ste ps involve d in the c ustom er purchasing process in order to better comprehend this behavior. Consumer Purchasing Process has Five StagCoensusmer purchases go through five stages: identifying a problem, obtaining data, identifying solutions, making a purchase, and reviewing the transaction. Find a Problem - In this stage, the customer becomes aware of problems they want to solve for the first time. It might be anything from needing a new outfit for a planned occasion to hGaav tinhge ar Ilena fkoyr pmip ae tinio tnh e-i rC h oonmsuem re eprasi rwed il.l the n wa nt to investigate the potential causes of their issue and potential solutions. contd... They might use the internet to look for advice or more details about what might be the root of their issue. For our hypothetical scenarios, the shopper might look at the best materials to wear to an outdoor wedding when choosing a new clothing. In order to determine if they can solve the issue on their own, the individual who has a leaking pipe may research what cFainusde S so leluatkyio pnipse -s T (hLez croinus eutm ael.r,2 w0i2ll0 s)e. ek out further specifics on how to address their issue once they have gathered all the necessary facts. To aid in their decision-making, they will start contrasting brands and reading customer reviews. contd... If someone is shopping, they could search for stores that offer the most elegant formal clothes at the best costs. If a pipe is leaking, the owner may search online reviews for the top local plumbers. Make a Purchase - The purchaser will choose and purchase a solution at this point. That would include investing in new clothing and hiring a plumber for our instances (Hanaysha et al., 2021). Review the Purchase - On business website, some customers might leave reviews, while others might not. In each scenario, the customer will assess the good or service they got and decide if they would use it again or recommend the chosen company to others. contd... How do you determine the research methodology in customer purchasing behavior? PhD assistance dissertation writing assistance is always unbeatable in terms of quick dissertation completion, thoroughly researched content, uniqueness, perfect formatting, and precise referencing. GE T IN TOUC H UNITED KINGDOM +44 7537144372 INDI A+91- 9176966446 EMAIL [email protected] om
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