Preview

Buying Roles: Individual Buying

Good Essays
Open Document
Open Document
1356 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Buying Roles: Individual Buying
Buying roles: Individual buying
Stages of Buying Process:
Generally, the purchaser passes through five distinct stages in taking a decision for purchasing a particular commodity. These stages are: (i) need arousal, (ii) information search, (iii) evaluation behavior, (iv) purchase decision, and (v) post purchase feelings.
(i) Need arousal: The buying process starts with need arousal. A need can be activated through internal or external stimuli. A need can also be aroused by an external stimulus such as sight of a new thing in a shop while purchasing other things.
There is two-fold significance of need arousal stage to a marketing man.
=> First the marketer must identify the drive that might actually or potentially connect to the product class or brand and make the buyer feel that the product can satisfy the drive, he feels, and
=> It also helps recognize that the need levels for the product fluctuate over time and are triggered by different cues. The marketer can arrange cues to conform better to the natural rhythms and timing of need arousal.
(ii) Information search: After need arousal, the consumer tries to solve it and gathers the sources and information about the product. Depending upon the intensity of need, it produces two states of individual. The first state is called heightened attention when the consumer becomes more receptive to the information regarding the item he needs. If a consumer needs to purchase a television, he will pay mere attention to TV ads and the remarks made by friends and associates about TVs.
If need is more intense, the individual enters a state of active information search and he tries to collect more information about the product, its key attributes, qualities of various brands and about the outlets where they are available. There are four consumer information sources.
(i) Personal sources (family, friends, neighbors etc.)
(ii) Commercial sources (advertisements, salesmen, dealers).
(iii) Public sources (mass media,

You May Also Find These Documents Helpful

  • Good Essays

    Morgantown Furniture

    • 1057 Words
    • 3 Pages

    Problem Recognition: At the initial stage of the buying process, there are several key findings to consider. First, it comes as no surprise that the furniture purchase process begins when a consumer identifies a need or desire for an item. Most furniture purchases are planned– not surprising when considering the few instances of a furniture impulse buying. The largest percentage of consumers purchased furniture ‘to replace worn items’, followed by ‘recently moved to a new residence’, and ‘wanted a new model or style’.…

    • 1057 Words
    • 3 Pages
    Good Essays
  • Better Essays

    MGMT 522 week3 quiz

    • 2490 Words
    • 10 Pages

    Problem Recognition: The buying process starts when the buyer recognizes a problem or need triggered by internal or external stimuli. With an internal stimulus, one of the person’s normal needs—hunger, thirst, sex—rises to a threshold level and becomes a drive. A need can also be aroused by an external stimulus. A person may…

    • 2490 Words
    • 10 Pages
    Better Essays
  • Better Essays

    Cereal Aisle Analysis

    • 1249 Words
    • 5 Pages

    To understand how the consumer progressed through the consumer behavior process, we must first understand the consumer buying process. It is also important to note that not every consumer goes through all the stages. There are six stages in the consumer buying process: Problem Recognition (need) - in this stage the consumer realizes that they are lacking something, therefor they have a need; Information Search- now that the consumer has acknowledged their need (or want) they start finding the necessary information or taking the necessary actions to fulfill their need; Evaluation of Alternatives- in this stage the consumer knows what they need or they at least have some general idea, and now they are looking at all the options available to them; Purchase Decision- At this point the consumer is now processing all the information from the evaluation of alternatives, and deciding to move forward with their purchase or not; Purchase- this is the stage where the transaction is complete. The need that was previously acknowledged has been met; Post Purchase Evaluation- At this point the consumer decides whether they are happy with their purchasing decision or if they have feelings or remorse.…

    • 1249 Words
    • 5 Pages
    Better Essays
  • Good Essays

    * Need Recognition- consumers recognize that they have an unsatisfied need and want to go from their needy state to a desired state. The bigger this gap is=the greater the need recognition.…

    • 2517 Words
    • 11 Pages
    Good Essays
  • Powerful Essays

    The first phase is the need of the consumer to purchase or seek a product which outweighs their wants; or what motivates them to purchase. The second phase is the information that the consumer has in relation to what they’re seeking or looking at such as a consumer knows that they need a ¾” wrench to turn a particular bolt to fix something. However, their information may or may not be limited to what they personally know when it comes to performing the job, but it may be limited to which brand to buy.…

    • 1476 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Popular

    • 11611 Words
    • 47 Pages

    16. According to the Hierarchy of Needs, consumers are motivated to first satisfy their higher-order needs,…

    • 11611 Words
    • 47 Pages
    Good Essays
  • Good Essays

    In previous times, a company would manufacture a product they thought the customer would want or need. The customer purchased that product because of a pending need, which basically meant that marketing used to…

    • 1862 Words
    • 8 Pages
    Good Essays
  • Powerful Essays

    For example taking the example of milk products. In Pakistan, there are more than 10 products such as Nestle, Olpers, Haleeb, Nurpur etc. This wide range of products creates confusion for the consumer that which product is the best. Therefore, through advertisement sellers motivate the consumer to buy their product. Therefore, there are three types of needs, which are fulfilled through advertisement now days.…

    • 1200 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    Using the five stage model of the Purchase Decision Process in the model of consumer buying behavior described in Module 1, describe in detail the process you went through in buying each product. Bear in mind that the purpose of the assignment is to demonstrate the depth of your understanding of the teaching materials. (20%)…

    • 1349 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    Buying Behaviour

    • 2117 Words
    • 9 Pages

    • Unique consumer behavior: Tattooing Apple logos on their bodies, buying multiple phones just so they can dissect one and use the other.…

    • 2117 Words
    • 9 Pages
    Satisfactory Essays
  • Good Essays

    Advertising Appeals Essay

    • 1106 Words
    • 5 Pages

    An emotional appeal is related to an individual’s psychological and social needs for purchasing certain products and services. Many consumers are emotionally motivated or driven to make certain purchases. Advertisers aim to cash in on the emotional appeal and this works particularly well where there is not much difference between multiple product brands and its offerings. Emotional appeal includes personal and social aspects.…

    • 1106 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    How consumers process information to arrive at brand choices. How do consumers evaluate alternatives depend on the personal consumer and situation specific purchase. In some cases, consumers use careful kalkusai adn logical thinking. At other times, the same consumers do evalusai Ganya little or even not evacuate; instead they buy on impulse and rely on intuition. Kadan-sometimes komsumen make their own purchasing decisions; sometimes they ask for advice from friends purchase, consumers guides, or salespeople.…

    • 473 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Nowadays, internet would be the first choice of external information search on products that consumers want because it’s easily assessable. The benefits of technology, effectiveness of internet search and user satisfaction are preceding of the perceived benefits of information search. Sometimes information on the product that is needed may be insufficient from other sources online and that’s when Consumer Reports come in.…

    • 646 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Information Search : Seeking Value- after recognizing a problem a consumer begins to search for information about what or service might satisfy the newly discovered need. First you may scan your memory for previous experiences with products or hands.…

    • 2208 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    Needs, wants and demands are three of the key concepts of marketing, and are differentiated as follow. Needs are a state of deprivation. They are the basic requirements and essential for either physical or psychological. For example, when human feel hungry, they need food, otherwise they will die for hunger. Needs will become wants when they are directed to specific objects that might satisfy their needs, though these needs are not mandatory part of life. People need food when they feel starving but may want a hamburger or something more. Therefore wants are mainly dependent on the needs of humans themselves and are shaped by one’s surroundings and backgrounds. Lastly, demands are the wants for specific products or services that are backed by an ability and willingness to pay for them. They are a step ahead of wants but may not be able to fulfill them. When people want something premium like luxuries, meanwhile,…

    • 851 Words
    • 3 Pages
    Good Essays