Four Factors Influencing Consumer Behavior

Improved Essays
A business requires strategic and competent measures to address challenges and issues impinging on customers to survive stiff competition from other potential organizations through effective marketing. Pricing and marketing information affect customer’s behavior. Other challenges in marketing include the application of old strategies, outsourcing problems, ethical challenges, promotions and services or goods quality. Businesses should thus be dynamic and utilize any information from clients to navigate the business towards the achievement of its goals. Scholars look at marketing as the process of planning and execution of conceptions, prices, promotion of ideas and goods that satisfy organizational and individual goals. There is great connectedness between consumer behaviors and marketing strategies and how this can affect a company or business.
The 4 factors influencing consumer behavior article overview The article focuses on exhibiting the factors affecting consumer’s behavior during the marketing process. Notably, the various factors affection consumer behavior results to marketing challenges. The article is well detailed with customers reactions, customer motivation skills, factors that influence customers purchasing desire, the
…show more content…
In other words, a firm must ensure direct marketing is applied as a strategy to increase sales and eventually profitability as well as goal and target achievement. Most businesses have abused direct marketing techniques due to poor integration of tactics. Direct marketing involves communication in a transaction where buyers and sellers interact on a face to face basis. The major direct marketing avenues are the usage of telephones, online marketing and direct mailing and

Related Documents

  • Improved Essays

    Marketing and Sales: Clearly identify your company’s Marketing and Sales activities. Marketing is a Science that identifies its target market by market segmentation and market analysis. It can also add insight to customer purchasing habits. By marketing effectively, it will give your brand position in the market. In many ways marketing is a matching process, that combines the capabilities of a company and the wants of the customer.…

    • 755 Words
    • 4 Pages
    Improved Essays
  • Decent Essays

    Credibility Statement: The reason I chose this topic is because I am majoring in business marketing so I have taken many classes and still have more to take in the following years. Also my first ever business class I took, the teacher assigned a group project in which I got randomly assigned to do the marketing part of a business plan that we had to create. She gave us a grade on each part of the business plan and my marketing plan got a “B+” Body I. Marketing is a way for companies to make their products know so people might buy them. a. Some examples of marketing would be billboards or…

    • 639 Words
    • 3 Pages
    Decent Essays
  • Improved Essays

    Introduction: Morrison Part 1 will be discussed about ethical consumerism, ethical is about recognising how the responsibility is confirmed when its communal to the supplier to make sure the products are preserved fairly and work in harmless circumstances. Ethical trade’s issues are experiential chosen to work with the suppliers to determine the improvement in the supply chain. However, the values are reliably because it’s not encountered and the suppliers are disinclined to recover, for example, it will stop trading. This assignment will be based on marketing plan, marketing plan is to serve a document to know how the organisations strategic impartial will be attained over specific marketing strategies and tactics with the customer as the…

    • 739 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Maintaining a trusting relationship with consumers is important and being transparent and honest about their marketing process is a way to help consumers make informed…

    • 1042 Words
    • 5 Pages
    Improved Essays
  • Great Essays

    Aguas Case Study

    • 1652 Words
    • 7 Pages

    a) Purchase Motivators for Industry Customers There are variables that motivate the industrial purchase, most of these are economical and rational. Of these variables we can mention three or four that are the most important. Initially there is Price and Cost Evaluation, and as mentioned before, for this type of customers price is not as important as for the final consumers. Industrial Customers buy value, therefore they assess factors such as: amount of savings or expenses that may pose a particular product or service, the electricity, increased productivity, and how much benefits this merchandise will bring to the company.…

    • 1652 Words
    • 7 Pages
    Great Essays
  • Improved Essays

    Identifying the Driving Forces in New Marketing Principles and Their Probable Future Changes Krystle Alfonseca LIM College Marketing principles are the fundamental concept and philosophy that serves as the foundation for promoting a business (sale of goods or services), or a behavior for a chain of reasoning in business domains. Marketing encompasses a spectrum of processes such as identifying consumers ' needs and design a means of providing these needs. Today 's marketing is facing with progressively multifaceted clienteles; transnational markets integration and technological advancement, which periodically drive the new marketing principles. What the driving forces are in new marketing principles Certified services firms periodically evaluate the suitability of their business models so as to deliver the greatest value to their clients, which remained the dynamism in business and the forces that propel marketing principles. The structure of marketing is centred on three great principles namely; customer value, competitive advantage and focus on customer need (Kotler & Armstrong, 2010).…

    • 700 Words
    • 3 Pages
    Improved Essays
  • Great Essays

    An evaluation of a marketing communications strategy based on the case John Lewis An executive summary Introduction Marketing communications can be considered as for how companies communicate about their brands, products or services. This report conducts the analysis of a marketing communications campaign based on the case ‘John Lewis: The power of emotions’, and then makes an evaluation in the role of a marketing communications consultant and give advice to John Lewis on their future communications strategies. Besides, the word ‘JL’ throughout this paper represents the abbreviation of ‘John Lewis’.…

    • 1407 Words
    • 6 Pages
    Great Essays
  • Superior Essays

    Market Research and Targeting Market Research Market research is an important part of the marketing process because it enables the marketers to identify entry strategies and the approaches that will help them satisfy their customers. There are various market research tools that can be used and each of them will be adopted based on the need and appropriateness. The Water Bottling Company can use Online Collaboration Tools such a Skype (video calling), shared white boarding, and instant messaging to allow marketers to conduct “traditional” market research techniques. The social media market research tool is also a viable tool that is the most appropriate in the modern market environment.…

    • 1479 Words
    • 6 Pages
    Superior Essays
  • Great Essays

    Midsuma Festival

    • 1777 Words
    • 8 Pages

    ENT 205 – Entertainment Marketing Industry Case Study – Midsumma Festival Jafar Abdus-Samad Student #208928 INTRODUCTION Marketing is a critical activity that every organisation should be focussing on. Effective marketing will lead to an organisation being able to target its audience effectively, resulting in the achievement of organisational goals IE make a profit, create awareness and so on. This report will take a close look at the marketing strategies implemented by the Midsumma Festival, the overall effectiveness of these strategies and will provide some recommendations for improvement.…

    • 1777 Words
    • 8 Pages
    Great Essays
  • Great Essays

    Marketing is key to the success of any product produced by a company. Companies aren’t always honest with their customers though. Not every food company is out there to manipulate customers to buy their product. However the majority of the food industry is manipulating their customers to buy their products. There are numerous articles and advertisements that support these faulty claims.…

    • 1516 Words
    • 6 Pages
    Great Essays
  • Improved Essays

    Understanding the customer Chu Chieh Kao Hult International Business School External Influences On Consumer Behavior in Taiwan In Taiwan consumers are loyal to brands, especially Japanese products are the most frequently bought, the Taiwanese are very attentive to prices, second important thing is quality and sales service are the other main considerations regarding the consumers’ behavior. The Taiwanese consumer is faithful to brands, consumers are plugged into global consumer trends, Taiwan is a sophisticated consumer market, Taiwanese also keen on new products especially in the high-tech sector, consumer age is 20-40 years old.…

    • 1515 Words
    • 7 Pages
    Improved Essays
  • Improved Essays

    Being a start-up entrepreneur and new business provider in the market, our marketing objectives is to build a customer-relationships that will result in direct recommendations of the business as well as an increase in number of satisfied customers. The researcher set the following…

    • 734 Words
    • 3 Pages
    Improved Essays
  • Great Essays

    I always knew that marketing was a major part of business; however I did not realize all the different parts. Marketing as our textbook discusses is defined as “the entire process of creating relationships with customers by offering goods, services, and experiences that they value. It does not matter what a company has to offer if there is not people out there who want or need it. The marketing mix, which is different marketing activities, delivered to customers and are valued. These are divided into four different categories, products, price, placement and promotion.…

    • 776 Words
    • 4 Pages
    Great Essays
  • Improved Essays

    Modern Marketing Essay

    • 792 Words
    • 4 Pages

    With the advancement in business, marketing has been gradually developed. Businesses carry out marketing in order to “establish, maintain and enhance long term customer relationships at a profit, so that the objectives of the parties involved are met.” (Gronroos, 1990 as cited in Hall and Jones, 2008, p.48) Marketing is a management process which helps making a profit in the long term to survive, identifying and satisfying consumers needs and requirements as well. Marketing as a formal academic concept has a more recent history which is as old as commercial activity and has been practiced for centuries.…

    • 792 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    The Impact of the Internet on Three Stages of Consumer Decision Making Process Consumer decision making has long been since a complexity. Each consumer has their own needs therefore decisions can be complex and then compounded with the technology of the internet; consumer’s opinions have become more relevant.…

    • 703 Words
    • 3 Pages
    Improved Essays

Related Topics