Table of Contents
Analysis of Consumer Behavior 2
Introduction. 2
1# Purchase of a Television. 2
2# Purchase of a Hybrid Car 2
3# Purchase of a Laptop. 2
Consumer Decision Making
Process. 2
Post-Purchase Behavior 6
Reflection and Analysis. 7
Conclusion. 8
References. 9
Analysis
of Consumer Behavior
Introduction of Consumer
Behavior
1# Purchase of a Television
2# Purchase of a Hybrid
Car
3# Purchase of a Laptop
Consumer Decision Making
Process Analysis
Post-Purchase Behavior
Analysis
Reflection and Analysis
of Consumer Behavior
Conclusion on Consumer
Behavior
References of Analysis
of Consumer Behavior
I
had planned for buying a television for over a month now because the existing
TV in my house has been malfunctioning for a long time now. Even after
repairing it, several issues were caused by it such as losing its color after a
short while. Though I had planned to purchase it during
My
family has been thinking about buying a hybrid car rather than a simple petrol
car because it is more eco-friendly and not only that, this car proves to be
more reliable. Therefore, my family chose that a new car will be purchased by
the end of the month. I believed it to be a good chance of completing this
assignment as well by keeping this purchase in mind. It would fulfill the
requirements of this report as well. Therefore, I have chosen to include this
purchase in this report and analyze it.
I
have decided to include the purchase of a laptop for my studies in this report
as well. Since this product is also not an everyday product that we use, I will
be using this in this paper. The company of the Laptop was Apple and there were
other alternatives for the product as well but I chose to purchase this one and
I will be discussing about the reasons in the part of analysis.
In this report, all the decisions
and intentions will be analyzed using the Howard and Sheth Model. This model
actually depicted a flow of the information that move through 4 main elements
which include social and marketing stimuli, information and attention search,
choice and comprehension of a brand, and purchase (Yoon, et al., 2012).
The perceived issue in the first
purchase was which television to choose because there are countless brands on
the market and it has always been difficult to choose among numerous brands
because all of them have different specifications and they seem to be providing
peculiar features which are not available in other brands. This was the
perceived problem along with the issue of budget that we had a limit in terms
of cost which we didn’t wish to cross at all. We were willing to purchase a
good television but we certainly didn’t want its cost to cross the budget limit
that we had set. In terms of the car, the issue was which car to choose within
the Toyota brand because there are a few hybrid cars with almost the same
specifications. There was Prius and then there was Corolla as well. Therefore,
the perceived issue in this case was to choose a car that fit not only the
requirements but was also reliable in terms of caliber and mileage. Even though
there are several car brands that offer hybrid cards, we have had a long run
with Toyota and that is the reason why we didn’t want to choose a car from
another brand. There was no perceived problem when it came to the purchase of
Apple laptop because I had already decided upon this product for a long time. I
knew all about its specifications and its price which allowed me to prepare my
expectations and my budget from the start.
Now, if I were to analyze these
decisions according to the Howard and Sheth consumer decision making model, I
would say that in the case of Television, the primary need to replace the
broken television at home. We were seemingly attracted by the Samsung Company
because there was a promotion on the product that we sought out. There was a
discount which was the first thing that attracted not only me but also my
father. This was the primary element that caused us to be attracted to the
Samsung television. Moreover, the way this product was being advertised caught
our eyes as well. There was an advertisement being played on the television
which showed senior citizens sitting on the couch and viewing the television
with ease. It explains that the audience being targeted by it was old men. This
advertisement proved to be quite effective in attracting my father and all the
features of that television was being displayed in the ad. In case of the car,
we had searched the internet for online comparisons between the hybrid sources.
This was how our problem was solved and came to the decision of checking the
Toyota Prius.
All
of these purchases were not ritual at all because we never bought products from
these brands. These products were new to us because even though we had the
products that were substituting but they were not as good as these ones and
they were also manufactured by completely different organizations. Outlets of
companies, online websites, and television advertisements were considered for
making these purchases. These were the sources which were considered for making
the decision about whether to buy a specific product or not (Ahmed, Ullah, & Alam, 2014).
There were several other
alternatives to the products that we had chosen. For instance, in the category
of televisions, there were several other brands as well including Panasonic,
Sony, and even LG. In the category of hybrid cars, we did not consider other
brands because we had been purchasing cars from Toyota for a long time and we
knew that the organization made only reliable vehicles. Therefore, we didn’t
feel any need to consider another company and its products along with Toyota.
However, there was another alternative to Prius and it was Corolla with almost
the same features. In terms of Apple laptop, there were other alternatives like
Dell and HP. All of these other brands were excluded because they could not
just provide the same features as the ones which we required. For instance, for
the television, there were features in the Samsung TV that we wanted along with
the fact that it had a discount as well. When it came to the car, we chose
Prius over Corolla because it was not that efficient in terms of battery as
Prius proved to be more reliable and it had advanced features as well. This was
the reason why we chose this car. I have been quite fond of the products of
Apple because this company has always proved to deliver only the most reliable
products. The features that it provided could not be matched by any other
company. According to the decision making model, it can be said that we were
attracted by advertisement, the quality, and also the brand recognition.
In this criteria of purchase, we
directly compared the products by analyzing their features and finding the
information from the internet. So I can say that I not only used the criteria
of online comparison but also direct comparison which explained which product
is better than which one.
I was attracted a lot by the
advertisement that all the brands were showing along with other consumers who
were praising the brands for their high-quality products. For instance, I can
definitely say that one of the most important reasons why I purchased the
Samsung Television because of the attractiveness and preciseness of the
advertisement. It had struck my father on an emotional level because the
advertisement was specifically made for old people. For my Apple laptop, I
cannot say that only advertisement affected me and caused to buy the product. I
have been purchasing products from Apple for a long time and I know that
minimum errors occur in the products which are created by this organization. If
I were to analyze these decisions, I would say that it was the impression that
Apple left on me which made me loyal to the company that I am willing to
purchase products from only this company.
I was certainly
satisfied with my purchases because they were made after a long evaluation of
the products. I had planned along with my family to buy these products since
the last month and it gave us a long time to evaluate our decision and think
about other alternatives. However, upon inspection, we only came across these
brands as they fulfilled the requirements that we had. According to the
decision making model, our needs played a significant role in leading us to
these brands. For instance, my father wanted a television that was very easy to
use and affordable as well. My father has been quite conservative and that is
why when he saw both discount and advertisement, he chose to purchase it. I
definitely did not deal with the post-purchase cognitive dissonance because we
knew about the products that we were purchasing (Atrill, 2014).
The
most critical and expensive purchase was of the hybrid car and my father
anticipated it a lot. Our last car had been inefficient in term of not only
features but also its mileage. Therefore, we were a little afraid that whether
we were making the right choice of purchasing this hybrid car or not. However,
upon test driving the car, my father had been assured that the car fulfilled
all the initial requirements that he had. Furthermore, since its cost was also
within the limit of budget set by my father, we didn’t suffer from cognitive
dissonance at all. In accordance with the decision making model, a decision is
more strengthened if the customer has had a past experience with the company.
Therefore, I can say that our purchases have affected us and we have become
loyal towards the companies. Since they fulfilled our requirements, we now
understand that they are capable organizations (Economist & Kourdi, 2015).
According
to the decision-making strategy, it is the primary need of a consumer that
urges him or her to think about purchasing a product. In my case, there are
needs which caused me and my father to think about buying products. The very
first need was the replacement of broken television and car. Technology has
been advancing at a rapid speed and numerous inventions have been made which
prove to be not only affordable but also more reliable. When we saw the
advertisement of a hybrid car on television and we thought about buying it as
well because of its countless benefits and features. The same can be said about
the television as well. However, the need for Apple laptop was different. For
instance, I never had a laptop to begin with so when I heard my friends talking
about a new apple laptop, I thought about checking it as well. Therefore, it
was not advertisement but personal relations which caused me to think about
buying a product as well. In addition, I also wanted to appear somehow
associated with latest technology. That is why I chose this product besides the
fact that I had already purchased some products from Apple. I knew about their
reliability and all these motivations became the reason for my purchase.
However, I believe that the major role was played by my own perception as I
knew that the products of Apple are trustworthy and they can be purchased (Kotler, 2008).
In
terms of the purchase of Samsung TV, there was a social influence on my father.
I might have been affected by just the advertisement but my father had heard
another customer talking about the television. That person had already bought
the television and he was pleased with the outcomes because the TV proved to be
quite efficient in the consumption of electricity and was user-friendly. When
it came to the purchase of Toyota Prius, both social and cultural element had
become active. For instance, the use of hybrid cars was becoming more common
which affected our decision along with the fact that we talked with the
existing customers of this car. Their experienced explained that they were not
disappointed with the purchase of this car. This became a vital reason why my
father decided to purchase Prius instead of Corolla. Since this is quite an
irregular and costly purchase, my father wanted the risks to be as minimum as
possible. In the light of decision making theory, not only the internal but
external factors as well affected the decision of my father (Moon, 2010).
Lastly, in the case of Apple laptop,
there were both cultural and social factors which affected my decision of
purchasing. In addition, my own perception also played a part in making me
believe that this was the right choice. For instance, my friends had conversed
with me about the latest product and it had weighed on my mind. In order to
investigate more, I used the internet for searching about this product and came
across a lot of information. I was further persuaded to purchase this product
because I had seen many other students use a similar product and my intent
became stronger in terms of buying only the Apple laptop. My own perception
played the part in making me choose this product because I have had bought some
products from the company and I know that the products which they manufacture
are not unreliable. They are worth buying.
Overall, our needs were to replace
the existing products and facilitate the ongoing processes which made us
research on the internet. We viewed the advertisements on the television and
talked with people for the comparison of products. In addition, we analyzed
according to our perceptions which brands were better and came to our final
decisions. It was then that we finally purchased the products and were
satisfied with their use.
References of Analysis
of Consumer Behavior
Ahmed, M., Ullah, S., & Alam, A. (2014, Jan). Importance
of Culture in Success of International Marketing. Retrieved from
https://www.researchgate.net/publication/259962350_Importance_of_Culture_in_Success_of_International_Marketing
Atrill, P. (2014). Financial
Management for Decision Makers (7 ed.). Pearson Higher Ed.
Economist, T., & Kourdi, J. (2015). Business
Strategy: A guide to effective decision-making. PublicAffairs.
Kotler, P. (2008). Principles of
Marketing. Pearson Education India.
Moon, H.-C. (2010). Global Business
Strategy: Asian Perspective. World Scientific.
Yoon, C., Gonzalez, R., Bechara, A.,
Berns, G. S., Dagher, A. A., Dubé, L., & Huettel, S. A. (2012). Decision
neuroscience and consumer
decision making. Marketing Letters, 23(2),
473-485.