Q: how does the factors in the market affect the buying behavior of a customer?
A: The buying behavior determines the actions of customers in the market that operates in a particular…
Q: 5-4. What are the three types of buying situations or buy classes?
A: The buying situation is the efforts that are taken in order to make a purchase. These…
Q: Elaborate motivation, lifestyle and reference groups factors that may influence an end customer in…
A: There are various factors that affect the purchasing behaviour of the customer for buying a…
Q: Who buys half of all new cars every year? Who influences 80 percent of new-car buying decisions?
A: The buying decision is the actual decision made by the customer to buy the product. The most…
Q: Provide an example of each of the three buying situations—straight rebuy, modified rebuy, and new…
A: a. Straight rebuy. This purchasing circumstance includes a purchaser or buying specialist reordering…
Q: What does a consumer solution entail, and how does it relate to sales?
A: The cost of producing something or providing services to the targeted customers is the amount of…
Q: what is the rational relating to the buyer motivations and influences?
A: Generally, people are rational in buying. The rational buying motives are based on one’s thoughts…
Q: Buying goods and services for further processing or for use in the production process refers to…
A: Products and services are bought by different types of markets based on their requirements and…
Q: why is buying situation important to marketing?
A: Marketing refers to the process of persuading customers to buy the appropriate product or services…
Q: What is market mix
A: A marketing mix is a necessary tool that serves to promote the products of the company. A marketing…
Q: If a market segment that is more price-sensitive and also is more willing than other segments to…
A: An organization uses many sales promotions and pricing tactics to attract and retain the prospective…
Q: How is store choice affected by the perceived risk ofa purchase?
A: Perceived risk is the doubt in the mind of the customer while he is purchasing the product for…
Q: What will buyers can give to sellers in return?
A: Buyers or Customers can be referred to as those people who become the purchaser of the product…
Q: 1. Why people demand in beauty products. 2. Why people demand in food products.
A: Market Demand refers to the quantity of goods that consumers of a particular market are willing to…
Q: 5-3. What one department is almost always represented by a person in the buying center?
A: The buying center is the most focused component of a purchasing department. The buying center is…
Q: What is Buying Centers?
A: The procedure of the procurement process and the structure of the purchasing center are determined…
Q: Explain why you would be more likely 10 purchase thisproduct online or at a physical retailer in the…
A: The physical world refers to the world which can be actually seen, touched and felt by the human…
Q: CHARACTERISTICS IF YOU ARE A MARKETER, HOW ARE YOU GOING TO HANDLE THOSE TYPE TYPES OF BUYER OF…
A: How to handle these types of buyers : 1. Value buyers - these customers understand value and want…
Q: Describe the need versus the want for the following products, Powerade, Adidas and Samsung
A: Need is the basic requirement for any product or service. It includes the basic requirements of…
Q: Can you market unsought goods?if so, how?
A: A product that consumers are unfamiliar with or are not interested in actively purchasing is known…
Q: positioning of products
A: Product positioning is a marketing strategy that is targeted by the marketers to consumers to…
Q: Does the segment have sufficient income, after covering living expenses, to afford the product?
A: Segmentation is the most important and primary activity done by the marketers. When a big population…
Q: IF YOU ARE A MARKETER, HOW ARE YOU GOING TO HANDLE THIS TYPE OF BUYERS? Convenience buyers- They…
A: Marketers are the personnels who help the company to create exchange with the customers. They have…
Q: What is the buyer really buying?
A: The customer is really buying experience as a whole to satisfy their fundamental needs. They are…
Q: 4-1. What is the first stage in the consumer purchase decision process?
A: The behavior of consumer is based upon their needs and factors influencing them to behave in a…
Q: Consumption patterns are influenced by family, income, and social status; explain, using examples,…
A: Every individual who seeks to find a product or a service to fulfill his/her needs and wants is…
Q: Sometimes it takes careful research and understanding on the part of consumers before making a…
A: Answer: Purchase intention and purchase decisions by consumers are very significant and crucial for…
Q: Using information from various sources (internet, press, TV, radio etc), analyze how consumer…
A: Consumer is a person who buys something for his personal use. While buying something, every consumer…
Q: What is meant by an impulse purchase? Why is itimportant?
A: The phenomenon of impulse purchases is becoming more and more prevalent in developed countries. In…
Q: imagine you are marketing manager so your product is hybrid motor bike so explain what is…
A: We can say that where battery-powered electric vehicles do not follow the system architecture of…
Q: Define Market density?
A: The amount of people or enterprises in a given area is referred to as market density. Many…
Q: Cultural, Social, Personal, and psychological characteristics affect consumers' purchase decisions.…
A: Consumer behavior can be understood to as the process of understanding the purchase patterns of the…
Q: Does Purchase involvement depend on level of interest/ hOW?
A: Customer purchasing decision depicts the decisions made by a purchaser before buying a specific…
Q: How Much Is a Satisfied Customer Worth?
A: Customer loyalty is very crucial, and businesses should never overlook it. One of the crucial…
Q: What rights do consumers have and why do some critics of marketing feel buyers need more protection?
A: Business is an activity of making money or one’s living by producing some products or services or…
Q: How does Purchase involvement depends on level of interest?
A: In simple terms, purchase involvement explains the extent of interest shown by the consumer with…
Q: The following is not a characteristic used as a guide for consumers when buying Levis jeans the…
A: Levi Strauss and Co. is one of the world's biggest clothing organizations and a worldwide innovator…
Q: What is the buy-write index?
A: An investor uses a buy-write method in which they purchase a security, usually a stock, and…
Q: What are switching costs?
A: The main goal of customer satisfaction programs is to increase customer retention rates. Switching…
Q: Which of the following is not one of the 8 Ps of marketing? Place Partnership Pricing…
A: Businesses use the marketing particularly the marketing mix to find out ways in order to position a…
Q: What buying center participant is a marketer likely to encounter first? In the buying center, who…
A: The buying center is the main unit in the production dept. which makes all decisions related to…
Q: Which are the economic, social and cultural factors that influences customer's buying process . For…
A: Marketing is the process of creating, communicating and delivering the customer value. Customer is…
Q: Are prospects Eligible to purchase?
A: Prospects refers to the potential buyers who can be converted into customers by influencing them to…
even though prices are higher why would buyers purchase more
Step by step
Solved in 2 steps
- Being first to market can be an advantage and a disadvantage. Provide at least one reason for each.What is a more effective marketing positioning: low price or value? Why?IF YOU ARE A MARKETER, HOW ARE YOU GOING TO HANDLE THIS TYPE OF BUYERS? Convenience buyers- They don’t compare prices -Value, loyal, or price strategy that buyers in categories
- __________What situational influence can affect the consumer buying process? a. They have uses for the products. b. They like the convenience that products provide. c. They take pride in ownership of products. d. They believe that products will enhance their wealth. e. All of the aboveConsumption patterns are influenced by family, income, and social status; explain, using examples, what other cultural, social, and economic factors may also influence consumer purchasing behaviour. Elaborate in no more than 500 words. Please give at least one reference.What does Consumer buying behavior refer to?