Consumer behavior can be defined as the interplay of forces that takes place during the consumption process within a consumer's self and environment. This interaction involves three elements: knowledge, affect, and behavior. It continues through the pre-purchase, purchase, and post-purchase stages and includes evaluating, acquiring, using, and disposing of goods and services. Consumer behavior is influenced by personal characteristics like demographics, preferences, and behaviors as well as environmental factors such as social influences, culture, and the marketing of products and services.
2. Defining
Consumer Behavior
? Consumer Behavior may be defined as
? ¡°the interplay of forces that takes place during a
consumption process, within a consumers¡¯ self and
his environment.
? - this interaction takes place between three elements
viz. knowledge, affect and behavior;
? - it continues through pre-purchase activity to the
post purchase experience;
? - it includes the stages of
evaluating, acquiring, using and disposing of goods
and services¡±.
3. OTHER DEFINITIONS
? ¡°The behavior that consumers display in
searching for, purchasing, using, evaluating
and disposing of products and services that
they expect will satisfy their needs.¡±
- Schiffman and Kanuk
? ¡°¡..the decision process and physical
activity engaged in when
evaluating, acquiring, using or disposing of
goods and services."
- Loudon and Bitta
4. What is Consumer Behaviour?
? The behavior that people display in
searching
for, purchasing, using, evaluating, and
disposing of
products, services, experiences &
ideas that they expect will satisfy their
needs.
5. ? All of us are consumers. We consume
things of daily use, we also consume
and buy these products according to
our needs, preferences and buying
power. These can be consumable
goods, durable goods, specialty goods
or, industrial goods
6. Consumer/Personal characteristics
? Demographic factors, individual preferences, and
behavioral characteristics
? Major demographics that sites track:
gender, age, status, ethnicity, income, occupation
? Gender is roughly balanced imbalances are found in
specific sectors
? Some of them can be correlated for instance higher
education = more income -> result in more online
shopping
? More experience in online shopping = more online
shopping
7. Environmental Factors
? The environment can influence a buyer
decision.
? Social variables: influence by friends, what¡¯s
¡°fashion¡± this year, internet
communities, social networks opinions.
? Community/Cultural Variables: differences in
behavior between countries
(Usa, China, Nepal, Italy) or regions.
8. Product/Service Factors
? Controlled by vendors
? Pricing
? Promotions
? The products themselves and their
quality
? The physical environment
? Customer services