This document discusses the buyer behaviour model and the difference between organizational buyer and individual buyer behaviour. It also provides references on consumer reactions to green strategies and seasonal temperature variations.
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Running head: BUYER BEHAVIOUR Buyer Behaviour Name of Student Name of the University Author Notes:
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1 BUYER BEHAVIOUR Buyer Behaviour Model The change of temperature with the change of season is a factor that is not under the control of humans. With modernization and advancement, man has invented air conditioners, cooler, fans and heaters to cope with the hot to humid summers and the chilly winters (Cian, Lanzi & Roson, 2013). Although there are solutions in the form of the above mentioned gadgets, there has not been a solution that caters to all the seasons. This statement in the past as the company called NABSEY has introduced their all in one solution to all the temperature fluctuation problems with their new and innovative SEASANOL. It is a device that is placed in place of a ceiling fan and serves the purpose of a fan, an AC, a cooler and a heater. Following is the predicted buyer behaviour model. Need Recognition: The marketers and developers have discovered that it often becomes troublesome and expensive for people to get devices that comfort them during every season (Rapson, 2014). The above mentioned devices are costly and having to purchase individual expensive products just adds up to the expenditure. Thus SEASANOL is the perfect solution for this problem. Alternative solution: SEASANOL provides a complete solution. Rather than having to purchase individual devices, the consumers can choose to stick to the compact solution just as they prefer (Borin, Mullikin & Krishnan, 2013). Evaluation of alternatives: Alternatives such as ACs and similar devices are associated with high costs (Li et al., 2014). The SEASANOL provides the benefits of all in one solution, thus consumers are likely to receive the product favourably.
2 BUYER BEHAVIOUR Purchaseanduse: No close alternative that provides similar solutions. Additionally cater to all seasonal need. Thus the SEASANOL is the best solution. EvaluationofExperience: Compact product that provides multiple solutions is likely to satisfy the rational consumer’s needs, while keeping the income elasticity in mind. Feedback: Rational consumer are likely to appreciate the product since it provides multiple solutions for a minimal price. End of consumer experience: The SEASANOL is likely to satisfy the demands of the consumers. Satisfied consumer will spread word of mouth and the company aims to generate more revenue through that. Organizational buyer v Individual buyer behaviour Organizational buyerIndividual buyer Buying purpose They are not the ultimate consumers. It will be used by them in hotels and restaurants to accommodate guests or for reselling. Purchase made for final consumption. QuantityPurchased in large bulks and kept in inventories. Smallquantitydependingonroomsand demand. DecisionPurchase decision made in correlation to organizational goal. Decisiontakenbydiscussingwithfamily, peers and past users. Market knowledge Adequate market knowledge.Zero to minimal market knowledge. Natureof use Usedforbusinesspurposei.e.in hotels, etc. Used to satisfy household needs. EffectsThe need for purchase of the product is realised by multiple individuals of the company and is then purchased. Determined the demographics, psychological and physical needs backed by the ability to purchase. ProcessEngagement with the supplier is of utmostimportanceasitaffectsthe Thereisarenoformalitiesorneedfor maintaining relations with the suppliers or the
3 BUYER BEHAVIOUR relation.company.
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4 BUYER BEHAVIOUR REFERENCES Borin, N., Lindsey-Mullikin, J., & Krishnan, R. (2013). An analysis of consumer reactions to green strategies.Journal of Product & Brand Management,22(2), 118-128. De Cian, E., Lanzi, E., & Roson, R. (2013). Seasonal temperature variations and energy demand.Climatic Change,116(3-4), 805-825. Li, S., Zhang, D., Roget, A. B., & O'Neill, Z. (2014). Integrating home energy simulation and dynamic electricity price for demand response study.IEEE Transactions on Smart Grid,5(2), 779-788. Rapson,D.(2014).Durablegoodsandlong-runelectricitydemand:Evidencefromair conditionerpurchasebehavior.JournalofEnvironmentalEconomicsand Management,68(1), 141-160.