Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Management Expert

Consider the following before beginning your discussion activity. The buying behavior varies a great deal depending on the degree of buyer involvement and the degree of differences among brands. The different types of buying decision behaviors are the following:

  • Complex Buying Behavior
  • Dissonance-Reducing Buying Behavior
  • Habitual Buying Behavior
  • Variety-Seeking Buying Behavior

Each of these buyer behavior types is characterized by different influences that affect buyers as explained in Chapter 5 of your course textbook. The buying process starts long before the actual purchase and continues long after. The marketers are expected to focus on the entire buying process which is comprised of the following different stages:

  • Need Recognition
  • Information Search
  • Evaluation of Alternatives
  • Purchase Decision
  • Postpurchase Behavior

The buyer decision process explains how consumers make buying decisions.

Directions

Choose one of the following, and imagine you would be planning to buy it:

  • A tube of toothpaste
  • A smartphone
  • A financial service
  • A new car

Choose one of the buyer decision behavior types listed above, and act in your discussion postings accordingly.

Remember, this is a role-playing exercise, so it might be useful for you to choose a type which is the least typical of you.

Role-play is an activity when you either put yourself into somebody else's shoes or when you stay in your own shoes but put yourself into an imaginary situation. The joy of role-playing is that you can pretend to be anyone you like for a short time. You can also take on the opinions of someone else. Functional language for a multitude of scenarios can be activated and practiced through role-playing. Try to keep the role(s) you play as real to life as possible.

Discuss

1. Describe how your chosen buyer decision behavior characteristics show through all the five stages of buying process with your chosen purchase.

For example, if your chosen purchase had been a veterinary pet insurance, you might go through the following kind of buyer decision process:

  • Need recognition: A person needs a pet, to begin with. Then, it is important that a person perceives that there is a reasonable possibility that their pet will need veterinary care at some point and that that care will cost more than the person is able to afford at any one time.
  • Information search: - With the need recognized, the consumer will seek out information on ways to solve the problem. This may happen by reading news articles or blogs, gathering information from company websites, or talking to fellow pet owners about how they have dealt with the issue.
  • Evaluation of alternatives: This may be a brand-to-brand comparison. It may also be a comparison between purchasing and not purchasing the item at all. Whatever the case, the options are compared with respect to the features and benefits that are most important to the customer.
  • Purchase decision: The consumer decides to buy or not to buy. Buying involves agreeing to a contract and making the payment. This decision has been facilitated by the web interfaces of most every pet insurance company, including VPI.
  • Postpurchase behavior: How much the person seeks veterinary care, the degree to which that care is covered, the ease of filing a claim, the nature of customer service, and many other factors that happen postpurchase will affect the attitude that a customer holds toward VPI. 

How would you describe the buying process stages in the case of a tube of toothpaste, a smartphone, financial services, or a new car?

Now combine your chosen buying decision behavior characteristics in the buyer decision process model. Depending on the type of buying decision behavior, describe what happens on each stage of the buyer decision process. For example, how would a consumer who has undertaken complex buying behavior search for information or how would a consumer undertake variety-seeking buying behavior to make a purchase decision?

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M92462957
  • Price:- $10

Priced at Now at $10, Verified Solution

Have any Question?


Related Questions in Business Management

There are number of challenges facing organization today

There are number of challenges facing organization today including demographic changes, technological advancement, globalization, etc. identify a specific change that you feel will have the greatest impact on individual ...

Ways to ensure that information was shared efficiently and

Ways to ensure that information was shared efficiently and effectively within the team. Explain why these strategies will be particularly effective when coming up with innovative ideas to solve workplace issues.

What is the best description and significance of business

What is the best description and significance of business management?

Digital books llc is a company that sells e-books related

Digital Books, LLC is a company that sells e-books related to career advising and professional development. Digital Books, LLC earns a yearly positive economic profit of $25,000 if it can sell 10,000 e-books. Each time, ...

What techniques and communication would you use when

What techniques and communication would you use when addressing concerns and problems between management and team? And what if the follow up action you would take after?

In fostering understanding of utilizing big-oh notation in

In fostering understanding of utilizing Big-Oh notation in an application, please provide a simple java code segment that illustrates how Big-Oh can be utilized to pinpoint performance problems.

1nbspconsider the following risc-v assembly instructionsslt

1) Consider the following RISC-V assembly instructions: slt x6, x0, x5 bne x6, x0, ELSE j DONE ELSE: addi x6, x6, 2 DONE: For what value(s) of x5 is the addi instruction executed? Why?

Compare and contrast the effectiveness of the response to

Compare and contrast the effectiveness of the response to the September 11, 2001 terrorist attacks on New York and the Pentagon. What factors do you feel led to such a difference in the response effectiveness? Please be ...

Financialoperational dataclinic monthly average based on

Financial/operational data Clinic Monthly average based on 6-month performance FTE Licensed 4 Visits 320 Procedures 650 Net Revenue $20800 Salary (all staff) $25217 Total expenses (including salaries) $32320 Questions: 1 ...

In a society where relationships are lineal and people are

In a society where relationships are lineal, and people are believed to be either good or bad, what kind of leadership style would you expect to find?

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As