WEEK 2 FORUM

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School

American Military University *

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Course

MKTG201

Subject

Marketing

Date

Jan 9, 2024

Type

docx

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1

Uploaded by zarinamontgomery88

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Week 2 Forum: 1. Describe some of the personal and psychological factors that may influence what consumers buy and when they buy it Situational influence in my opinion is the number one factor for consumers to get out of their homes or to jump on a computer or their phones to go shopping. Most of us do shopping when we need something ie. groceries or clothing, essential items. Which is our physiological need. Our mood does play a major role in what we might buy or when. With technology at our fingertips and with the assistance of social media, we get pulled in and influenced into purchasing items that we not necessarily need but want. The internet gives us a window into where we can go shopping for a better price or high quality items. Amazon is the number one culprit that makes purchases easier and convenient. Other social platforms influence us on social needs like what is in style to wear, good places to eat or best places to travel to. 2. Identify the way in which business-to-business markets differ from business-to-consumer markets. One of the many differences between the two is the size of the operation. It takes a vast amount of labor, transactions, and personnel in a business-to-business market than it does in a business-to- consumer market. Additional differences are that the business market has harsher product standards, unlike the consumer market. The B2B market also has fewer customers than the B2C market. The B2B market offers their services to government organizations, institutions, and other businesses. However, the B2C market offers their goods and services to individual consumers like you and me.
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