CONSUMER BUYER
BEHAVIOUR (Black Box Model)
The Black Box Model of Buyer
Behaviour identifies the process in which consumers will undertake when
deciding whether to purchase a product or service. The first part of this model
shows how consumers will begin by identifying the marketing stimuli which would be Product, Place, Price and Promotion. Other stimuli that the
consumer may take into account during this process are PEST factors.
This information is then put into the Buyer’s Black Box, which is where the consumer’s personal characteristics
will be taken into account in order for them to begin the Buyer Decision
Process. The characteristics that can have an effect on the behaviour of
the buyer are:
Cultural - Such as specific cultures and religions
Social - Such as family and reference groups
Personal – Including age & lifecycle stage, economic
circumstances and lifestyle
Psychological – Beliefs, perception, attitudes and
motivation
From the information that has been processed in the buyer's black box, they will then be able to provide a response as to which specific product/brand they wish to purchase and assess other factors such as pricing and if the timing for the purchase is right.
Good to see this up and running. Have a look at identifying the values commonly held and shared by your chosen generation
ReplyDeletethank you for making it simple to understand. :)
ReplyDeletesimple and straight forward. 4 stars!
ReplyDeleteSimple and easy to understand
DeleteSimple and easy to understand
Deletegreat knowledge
ReplyDelete