BA A260 Marketing Presentation

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To buy or not to buy…:

The consumer decision-making process To buy or not to buy… $

The consumer decision-making process:

The consumer decision-making process Need Recognition Information Search Evaluation of Alternatives Purchase Post-Purchase Behavior

Gotta have it!:

Gotta have it! Need recognition

Need Recognition:

Need Recognition

Need recognition:

Need recognition Internal Stimuli External Stimuli

Need recognition:

Need recognition Present Status: What I have… Preferred State: What I want…

Need input!:

Need input! Information search

Information Search:

Information Search Internal Search External Search Recalls information Previous experience Seeks information Outside environment Nonmarketing -controlled Marketing-controlled

Information search:

Information search All Products Evoked Set

A product by any other name…:

A product by any other name… Evaluation of alternatives

Evaluation of alternatives:

Evaluation of alternatives Criteria set Picking one or two desired attributes and eliminating those that do not meet this requirement Categorization A product’s evaluation depends on the particular category to which it is perceived as belonging

To buy or not to buy…:

To buy or not to buy… Purchase

Purchase:

Purchase Consumers must decide: Whether to buy When to buy What to buy (product type and brand) Where to buy (type of retailer, specific retailer, online or in-store) How to pay

Hindsight is 20/20:

Hindsight is 20/20 Postpurchase behavior

Postpurchase Behavior:

Postpurchase Behavior Consumer Expectation Low High High Product Performance Customer Satisfaction Cognitive Dissonance

The consumer decision-making process:

The consumer decision-making process Need Recognition Information Search Evaluation of Alternatives Purchase Post-Purchase Behavior