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Principles of Marketing Chapter 5 Consumer Markets and Consumer Buying Behavior
1.
©2006 Pearson Education,
Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ 07458 Kotler, Bowen, and Makens Chapter 6 Consumer Markets and Consumer Buying Behavior Dr. John V. Padua
2.
©2006 Pearson Education,
Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ 07458 Kotler, Bowen, and Makens Chapter Objectives • Name the elements of the stimulus– response model of consumer behavior • Outline the major characteristics affecting consumer behavior • Explain the buyer decision process ©2006 Pearson Education, Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ 07458 Kotler, Bowen, and Makens
3.
©2006 Pearson Education,
Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ 07458 Kotler, Bowen, and Makens Consumer Buying Behavior • Consumer buying behavior refers to the buying behavior of final consumers – individuals & households who buy goods and services for personal consumption • The central question for marketers is: ““HowHow do consumers respond to variousdo consumers respond to various marketing efforts the company mightmarketing efforts the company might use?”use?” ©2006 Pearson Education, Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ 07458 Kotler, Bowen, and Makens
4.
©2006 Pearson Education,
Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ 07458 Kotler, Bowen, and Makens Five Premises of Consumer Behavior • Consumer behavior is purposeful and goal oriented • The consumer has free choice • Consumer behavior is a process • Consumer behavior can be influenced • There is a need for consumer education ©2006 Pearson Education, Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ 07458 Kotler, Bowen, and Makens
5.
©2006 Pearson Education,
Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ 07458 Kotler, Bowen, and Makens A Model of Consumer Behavior ©2006 Pearson Education, Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ 07458 Kotler, Bowen, and Makens
6.
©2006 Pearson Education,
Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ 07458 Kotler, Bowen, and Makens Personal Characteristics Affecting Consumer Behavior • Cultural Factors • Social Factors • Personal Factors • Psychological Factors ©2006 Pearson Education, Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ 07458 Kotler, Bowen, and Makens
7.
©2006 Pearson Education,
Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ 07458 Kotler, Bowen, and Makens Factors Influencing Consumer Behavior ©2006 Pearson Education, Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ 07458 Kotler, Bowen, and Makens
8.
©2006 Pearson Education,
Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ 07458 Kotler, Bowen, and Makens Cultural Factors • Culture is the most basic determinant of a person’s wants and behavior • Subcultures are groups of people with shared value systems based on common life experiences and situations • Social classes are relatively permanent and ordered divisions in a society whose members share similar values, interests, and behaviors ©2006 Pearson Education, Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ 07458 Kotler, Bowen, and Makens
9.
©2006 Pearson Education,
Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ 07458 Kotler, Bowen, and Makens Social Factors • Consumer behavior is influenced by: –Consumers’ groups –Family –Social roles –Status ©2006 Pearson Education, Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ 07458 Kotler, Bowen, and Makens
10.
©2006 Pearson Education,
Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ 07458 Kotler, Bowen, and Makens Consumer Groups • An individual’s attitudes and behavior are influenced by many small groups • Types of groups – Membership groups – Reference groups – Aspirational groups • Opinion leaders ©2006 Pearson Education, Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ 07458 Kotler, Bowen, and Makens
11.
©2006 Pearson Education,
Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ 07458 Kotler, Bowen, and Makens Personal Factors • Age and Life-Cycle Stage • Occupation • Economic Situation • Lifestyle – a person’s pattern of living as expressed in his or her activities, interests, and opinions ©2006 Pearson Education, Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ 07458 Kotler, Bowen, and Makens
12.
©2006 Pearson Education,
Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ 07458 Kotler, Bowen, and Makens Personal Factors • Personality is a person’s distinguishing psychological characteristics that lead to relatively consistent and lasting responses to his or her environment • Self-Concept is the complex mental pictures people have of themselves, also known as self-image ©2006 Pearson Education, Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ 07458 Kotler, Bowen, and Makens
13.
©2006 Pearson Education,
Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ 07458 Kotler, Bowen, and Makens Psychological Factors • Motivation – Maslow’s Theory of Motivation • Sought to explain why people are driven by particular needs at particular times – Herzberg’s Theory • A two-two factor theory that distinguishes dissatisfiers (factors that cause dissatisfaction) and satisfiers (factors that cause satisfaction) ©2006 Pearson Education, Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ 07458 Kotler, Bowen, and Makens
14.
©2006 Pearson Education,
Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ 07458 Kotler, Bowen, and Makens Physiological Needs (hunger, thirst) Safety Needs (security, protection) Social Needs (sense of belonging, love) Esteem Needs (self-esteem) Self Actualization Maslow’s Hierarchy of Needs ©2006 Pearson Education, Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ 07458 Kotler, Bowen, and Makens
15.
©2006 Pearson Education,
Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ 07458 Kotler, Bowen, and Makens Psychological Factors • Perception – Selective Attention • Consumers are constantly bombarded with information and will screen out stimuli – Selective Distortion • Messages to do not always come across in the same way the sender indented. – Selective Retention • People will forget much that they learn but will tend to retain information that supports their attitudes and beliefs ©2006 Pearson Education, Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ 07458 Kotler, Bowen, and Makens
16.
©2006 Pearson Education,
Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ 07458 Kotler, Bowen, and Makens Psychological Factors • Learning describes changes in an individual’s behavior arising from experience • A belief is a descriptive thought that a person holds about something • An attitude describes a person’s relatively consistent evaluations, feelings, and tendencies toward an object or an idea ©2006 Pearson Education, Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ 07458 Kotler, Bowen, and Makens
17.
©2006 Pearson Education,
Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ 07458 Kotler, Bowen, and Makens Buyer Decision Process ©2006 Pearson Education, Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ 07458 Kotler, Bowen, and Makens
18.
©2006 Pearson Education,
Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ 07458 Kotler, Bowen, and Makens Need Recognition • For the decision process to begin, a potential buyer must first recognize a problem or need • Can be caused by internal or external stimuli ©2006 Pearson Education, Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ 07458 Kotler, Bowen, and Makens
19.
©2006 Pearson Education,
Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ 07458 Kotler, Bowen, and Makens Information Search • Information can be obtained from: – Personal Sources • Family, friends, neighbors, and acquaintances – Commercial Sources • Advertising, salespeople, dealers, packaging, and displays – Public Sources • Restaurant reviews, editorials in the travel section, consumer-rating organizations ©2006 Pearson Education, Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ 07458 Kotler, Bowen, and Makens
20.
©2006 Pearson Education,
Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ 07458 Kotler, Bowen, and Makens Evaluation of Alternatives • Products are seen as bundles of product attributes • Customers rank attributes and form purchase intentions ©2006 Pearson Education, Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ 07458 Kotler, Bowen, and Makens
21.
©2006 Pearson Education,
Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ 07458 Kotler, Bowen, and Makens Purchase Decision ©2006 Pearson Education, Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ 07458 Kotler, Bowen, and Makens
22.
©2006 Pearson Education,
Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ 07458 Kotler, Bowen, and Makens Post Purchase Behavior • The smaller the gap between customer expectations and perceived performance, the greater the customer’s satisfaction • Cognitive dissonance is buyer discomfort caused by post purchase conflict ©2006 Pearson Education, Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ 07458 Kotler, Bowen, and Makens
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