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6
Analyzing
Consumer Markets

Marketing Management, 13th ed
Chapter Questions
• How do consumer characteristics
influence buying behavior?
• What major psychological processes
influence consumer responses to the
marketing program?
• How do consumers make purchasing
decisions?
• How do marketers analyze consumer
decision making?
Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall
What Influences
Consumer Behavior?
• Cultural factors
• Social factors
• Personal factors

Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall
What is Culture?
Culture is the fundamental determinant
of a person’s wants and behaviors
acquired through socialization
processes with family and other key
institutions.

Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall
Subcultures
•
•
•
•

Nationalities
Religions
Racial groups
Geographic regions

Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall
Fast Facts About
American Culture
• The average American:
•
•
•
•

chews 300 sticks of gum a year
goes to the movies 9 times a year
takes 4 trips per year
attends a sporting event 7 times each year

Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall
Social Classes
•
•
•
•
•
•
•

Upper uppers
Lower uppers
Upper middles
Middle
Working
Upper lowers
Lower lowers

Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall
Characteristics of Social Classes
• Within a class, people tend to behave
alike
• Social class conveys perceptions of
inferior or superior position
• Class may be indicated by a cluster of
variables (occupation, income, wealth)
• Class designation is mobile over time

Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall
Social Factors
•
•
•
•

Reference groups
Family
Social roles
Statuses

Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall
Reference Groups
•
•
•
•
•

Membership groups
Primary groups
Secondary groups
Aspirational groups
Disassociative groups

Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall
Family Distinctions
Affecting Buying Decisions
• Family of Orientation
• Family of Procreation

Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall
Personal Factors
•
•
•
•

Age
Life cycle stage
Occupation
Wealth

•
•
•
•

Personality
Values
Lifestyle
Self-concept

Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall
Brand Personality
•
•
•
•
•

Sincerity
Excitement
Competence
Sophistication
Ruggedness

Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall
Lifestyle Influences
• Multi-tasking
• Time-starved
• Money-constrained

Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall
Table 6.2 LOHAS (Lifestyles of Health
and Sustainability) Market Segments
•
•
•
•
•

Sustainable Economy
Healthy Lifestyles
Ecological Lifestyles
Alternative Health Care
Personal Development

Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall
Key Psychological Processes
•
•
•
•

Motivation
Perception
Learning
Memory

Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall
Motivation

Freud’s
Theory

Maslow’s
Hierarchy
of Needs

Herzberg’s
Two-Factor
Theory

Behavior
is guided by
subconscious
motivations

Behavior
is driven by
lowest,
unmet need

Behavior is
guided by
motivating
and hygiene
factors

Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall
Maslow’s Hierarchy of Needs
•
•
•
•
•

Physiological needs
Safety needs
Social needs
Esteem needs
Self-actualization needs

Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall
Perception
•
•
•
•

Selective attention
Selective retention
Selective distortion
Subliminal perception

Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall
Figure 6.4 Consumer Buying Process
•
•
•
•
•

Problem recognition
Information search
Evaluation
Purchase decision
Postpurchase behavior

Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall
Sources of Information
•
•
•
•

Personal
Commercial
Public
Experiential

Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall
Non-Compensatory Models of Choice
• Conjunctive
• Lexicographic
• Elimination-by-aspects

Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall
Perceived Risk
•
•
•
•
•
•

Functional
Physical
Financial
Social
Psychological
Time

Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall
Other Theories of
Consumer Decision Making
Involvement
• Elaboration
Likelihood Model
• Low-involvement
marketing
strategies
• Variety-seeking
buying behavior

Decision Heuristics
• Availability
• Representativeness
• Anchoring and
adjustment

Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall
Mental Accounting
• Consumers tend to…
•
•
•
•

Segregate gains
Integrate losses
Integrate smaller losses with larger gains
Segregate small gains from large losses

Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall

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Chap 6