Which among the following characteristics influence consumer buying behavior strongly? A. Cultural B. Social C. Personal D. Psychological E. Technological Choose the correct answer from the options given below:
A, B, C and D Only
A, B, C and D only — option 1. Technological is the exception: it belongs to the macro-environment, not to the buyer’s own characteristics.
Kotler’s four sets of buyer characteristics. They run from the widest social influence to the most individual :
| Factor | Components | How it works |
|---|---|---|
| A — Cultural | Culture, subculture, social class | The broadest and deepest influence — culture is the fundamental determinant of a person’s wants and behaviour, learned from family and institutions |
| B — Social | Reference groups, family, roles and status | Membership, aspirational and dissociative groups; opinion leaders; the family as the most important buying organisation in society |
| C — Personal | Age and life-cycle stage, occupation, economic circumstances, lifestyle, personality and self-concept | The buyer’s own situation and identity |
| D — Psychological | Motivation, perception, learning, beliefs and attitudes | The internal processes through which the other three are translated into a response |
Why technology is a category error. Technology certainly changes what people buy and how they buy it, but it is a force in the macro-environment — the standard list being demographic, economic, natural, technological, political-legal and cultural forces. Those act on the market as a whole; the four in the answer are characteristics of the buyer. Recognising that E belongs to a different framework eliminates options 2, 3 and 4 at once, without weighing the other four.
The psychological factors are the mechanism and repay attention. Maslow’s hierarchy and Herzberg’s two-factor theory explain motivation; selective attention, selective distortion and selective retention explain why the same advertisement reaches two people differently; learning explains how experience alters future buying; and beliefs and attitudes explain why buyers are hard to shift once a view has formed — which is why marketers usually fit the product to existing attitudes rather than try to change them.
Hence, the answer is A, B, C and D Only.
Marketers have traditionally classified products on the basis of three characteristics : __________ , tangibility and use.
Which one of the following can be legally protected ?
Which one of the following is the demand state where “Consumers dislike the product and may even pay to avoid it” ?
“The customer wants an inexpensive car”. This is an example of which one of the following type of needs ?
Assertion (A) : Marketers are increasingly asked to justify their investments in financial and profitability terms and rarely in terms of building the brand and customer base.
Reasoning (R) : Organizations recognize that little of their market value comes from intangible assets.
Code :
According to Five-Stage Model of the Consumer Buying Process, which one of the following sequence is followed ?
Which of the following category of goods and services is most likely to require an aggressive use of the selling concept ?
What are the four main components of holistic marketing ?
According to the __________ theory, marketers can enhance demand for a product by associating it with strong drives, using motivating cues and providing positive re-enforcement.
Consider the following statements:
(a) Brand equity is essentially the same as brand valuation.
(b) Market segmentation and product differentiation are alternative marketing strategies.
(c) Durable goods normally require less personal selling, after sales service and seller guarantees, than the non-durable goods.
(d) Price discrimination in all forms is illegal in India.
Indicate the correct statements:
Statement (I): The mindset which is commonly associated with a long-ago era when the demand for goods generally exceeded the supply, and the primary focus in business was to effectively produce medium quantities of products; finding the customers was viewed as a relatively major function.
Statement (II) : The firms with product orientation typically focus on the quality and quantity of offerings while assuming that customers will seek out and buy reasonably priced well-made products.
From the above statements indicate the correct code of being statements correct or incorrect The statements relate to concepts of marketing.
Marketers have traditionally classified products on the basis of three characteristics : __________ , tangibility and use.
Which one of the following can be legally protected ?