Generic theory of buying behavior

Harvard University Press, Lawler, Pay and Organizational Effectiveness: This relative deprivation may trigger the dominance of the desire "to keep up" with the reference group. A similar, but shorter, review of the three categories is given in Van Raaij In addition, achievement needs are not operating in all purchase situations.

However, it is not clearly identify if the people received the message would reconsider, knowing that the referrers are incentivized. Adams, "Inequity in Social Exchange," in L. If he is satisfied with its performance, he will be more likely to purchase that brand in the future.

For example, you may love to eat peanuts as a snack, but you would not consider buying them when you are trying to impress a new friend. Generic Theory of Buying Behavior For many purchases, the consumer will follow a generic model of decision-making by going through a process to make a decision.

The Free Press, Symposium, "New Directions in Marketing," However, it has to be pointed out that 1 it is not prior known how equity is created and what its upper and lower limits are; 2 promotional activities make the equity relation relative and situation-affected, depending on whether the purchase has been prompted by a deal or not, for instance; 3 consumers tend to "satisfice" March and Simon,and do not necessarily maximize as implied in the equity concept e.

Some products are selected for their conspicuousness only "conversation pieces"sometimes in combination with aesthetic motives. Van Raaij, Consumer Choice Behavior: The combination of product attributes forms the total functional utility of a product.

Business Theories of Buying Behavior

These probabilities are strictly zero or above zero, and therefore, only positive. Maslow, Motivation and Personality, New York: This is known as the bullwhip effect, because a small change at one end has dramatic effects on the other end. Such elicited motives constitute a listing of the relevant needs or motives applicable to a specific situation.

Classifications of needs, as provided by McDougall or Murray look similar to classifications of elements in chemistry, but lack their strictly defined structure and usefulness. The decision to buy or not to buy cannot be strictly rational under these circumstances. The commonality of the models is that the units of framework we present are of cognitive, subjective nature, and that they include hypothetical constructs as perceived equity, need achievement, expectation, and values.

If no inhibitors are present, a "zero point" has been reached.

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He concludes that further research is necessary to find its true potential as a determinant of consumer behavior Schewe, His need hierarchy is by no means definitive, and is rather out of focus in comparison with the role of learning, perception, values, and expectations in human behavior Atkinson, To summarize, equity is useful in two ways for consumer research.

On the other hand, and equitable relation is a necessary but not a sufficient prerequisite for consumer satisfaction. Berkowitz, "Social Motivation," in G. Equity The concept of equity may be explicitly stated as the even exchange of values such that what is received is presumed to be equal to what is given Adams, Dichter, Handbook of Consumer Motivations: The Study of a Science, New York: Therefore, the outcome or consequence has attraction or value to the individual.Kurt Lewin's theory of human behavior has been modified by marketers to create a model for understanding consumer behavior.

In the adaptation, consumer behavior (B) is a function of the interactions of interpersonal influences (I) and personal factors (P), or essentially B = f (I, P). In theory, the same principle applies to the buying decisions of groups of individuals such as businesses.

However, the idea that people are rational actors in the first place has been questioned by more recent economic theories.

Consumer buying behavior is the sum total of a consumer's attitudes, preferences, intentions, and decisions regarding the consumer's behavior in the marketplace when purchasing a product or. Related theories of the dependent and independent variables of this study are included in this chapter.

The theories and models are then use to develop the conceptual framework of the research, focusing the factors influences consumers buying behavior. Transcript of Business Theory of Buying Behavior Kevin, Yichao, Jonathan, Delia Business Theory of Buying Behavior Generic Theory Environmental Theory Cultural Theory U.S China vs Internal Theory Class Activity (1/4) The consumer will investigate the new washing machines on the market, evaluate features, benefits and.

Generic Theory of Buying Behavior.

For many purchases, the consumer will follow a generic model of decision-making by going through a process to make a decision. Typically, the buyer will recognize a need to make a purchase that initiates research on products and pricing.

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Generic theory of buying behavior
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