Completion requirements
Read this chapter, which discusses consumers' decision-making process and examines the situational, personal, psychological, and societal factors influencing their buying decisions.
Factors That Influence Consumers' Buying Behavior
Review Questions
- Explain what physical factors, social
situations, time factors, and/or moods have affected your buying
behavior for different products.
- Explain how someone's
personality differs from his or her self-concept. How does the person's
ideal self-concept come into play in a consumer behavior context?
- Describe how buying patterns and purchase decisions may vary by age, gender, and stage of life.
- Why are companies interested in consumers' cognitive ages and lifestyle factors?
- How does the process of perception work and how can companies use it to their advantage in their marketing?
- How do Maslow's hierarchy of needs and learning affect how companies market to consumers?
- Why do people's cultures and subcultures affect what they buy?
- How do subcultures differ from cultures? Can you belong to more than one culture or subculture?
- How are companies trying to reach opinion leaders?