Consumer Behaviour and Retail
Operations
4th Session
Need to Study Consumer Behavior
Needs and purchase motives of individuals
Demographic changes
Promotional Tactics
Complexity and process of purchase decisions
Perception of risk
Segmentation on purchase behavior
Needs
Wants
Demands
Conspicuous consumption
Snob effect
Trickle down
Consumer Decision-Making
Process
Need
Need Recognition
Recognition
Information
Information Search
Search
Cultural,
Cultural, Social,
Social,
Individual
Individual and
and
Psychological Evaluation
Evaluation
Psychological of
Factors
Factors of Alternatives
Alternatives
affect
affect
all
all steps
steps Purchase
Purchase
Postpurchase
Postpurchase
Behavior
Behavior
Buyer Roles
Initiator
Influencer
Decider
Buyer
User
Behaviorist Cognitivist
Need Arousal Recognition of the need
Level of Involvement Search of
Information and Identification of
alternatives Evaluation of alternatives
Decision Purchase action Post
purchase behavior
Product Categories and Level of
purchase involvement
Convinience
Shopping
Speciality
Fashion
Aspect of Perceived Risk
Economic risk
Physical risk
Psychological risk
Performance risk
Influences of Consumption proce
Energizers of demand: Forces of
motivation
Filterers of demand : Economic, social,
psychological.
Effecters : Brand promotion, Brand image,
information.
Roles : Family influence, Cultural
influence.
The need and Involvement stage
Role Playing
Diversion
Self-gratification
Learning new trends
Physical activity
Sensory stimulation
Social Motives
Social experiences outside home
Communication with others having similar
interest
Peer group attraction
Status and authority
Pleasure of bargaining
Motives for Patronage of Retail outlet
Convenience
Retailer’s reputation
Retail environment characteristics
Service encounter expectation
Expectation of value