This report analyzes the consumer buying behavior by conducting research on Vegemite. It examines the driving forces of individual behavior that affect the psychology of customers while buying vegemite.
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CONSUMER BEHAVIOUR AND MARKETING PSYCHOLOGY
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Contents Introduction...........................................................................................................................................2 Purpose..................................................................................................................................................2 Development of survey instrument........................................................................................................2 Administration process..........................................................................................................................2 Data analysis.........................................................................................................................................3 Main findings........................................................................................................................................3 Reference...............................................................................................................................................9 Appendix.............................................................................................................................................10
Introduction This report will analyse the consumer buying behaviour by conducting research on Vegemite. It is an thick, salty, and black spread made up from leftover of brewer`s yeast. This product is a gluten-free product and vegetarian product (Mirabi, Akbariyeh, and Tahmasebifard, 2015). This report will analyse different scope under different head such as purpose of the report, how development of survey has undertaken. Administration process, what does the data reflect and lastly what the related findings (Pappas, 2016). Purpose The significant purpose of this report is to assess, discover, and examine certain driving forces of an individual behaviour that affect the psychology of customers while buying vegemite. A customer undergoes a thinking process, which affects the buying decision of a customer (Mirabi, Akbariyeh, and Tahmasebifard, 2015). Some of the important factors consideredin the decisionmakingprocessregardingthe goodsareage group, taste, preferences, lifestyle, and demographics which affect the driving forces while purchasing the products (Pappas, 2016). Development of survey instrument As a source of data, this report has been prepared on the basis of primary data collection under the influence of professor. Our professor has suggested that using monkey survey is the best tool way to collect and analyse the data. It is an online source of method that has been developed by the cloud-based software (Fatima, and Lodhi, 2015). Administration process There is a huge line of processors that are includes in the support activities of the vegemite such as finance, human resource, and accounting. In order to have a glimpse of overview of
perception of customers by undertaking 25 respondents to determine the perception of people regarding the product and their decision making (Fatima, and Lodhi, 2015). Data analysis With an aim to imply a deep understanding of the consumer psychology, it is seen that this report has used a tool named as “questionnaire” that is an important tool to analyse the data. The questionnaire consists of ten question where it undertakes to ask those questions that can affect the decision-making (Pappas, 2016). First question has asked for the age, second is regarding the gender, and third specifies the frequency and tendency to consume vegemite. Further, it has been enquired that packaging of the product affects the decision-making; product price is the main component that affect the buying behaviour (Fatima, and Lodhi, 2015). Advertisement is an important component that induce buyers in regards to the purchasing behaviour. After consuming questions such as did, you really liked the taste, what actuallyprovidesmaximumsatisfactiontothecustomers(Biswas,andRoy,2015). Sometimes unavailability becomes an issue in regards to purchasing decision (Fatima, and Lodhi, 2015). Main findings (Source: Survey monkey, 2019) From the above table, it is seen that there are four percent respondents among total 25 respondents who are under 18 years. Thirteen respondents are in between 18 to 24 years, ten respondents are between 20 to 34 years, and finally 4 percent of responses are among the last age group that has been considered by the survey is 35 to 44 years (Fatima, and Lodhi, 2015).
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(Source: Survey monkey, 2019) From the above table, it is clearly visible that among total 25 respondents, 36 percent of the respondents are male, 60 percent of the considered respondent are females, and 4 percent of the respondents are neither male nor female (Biswas, and Roy, 2015). (Source: Survey monkey, 2019) From the above table, it is seen that while seeing at the consumption level of any product, there are many associated factors such as taste and preferences, how often is the buying behaviour towards vegemite has increased and why. In the survey, it is seen that 13 respondents out of total 25 consumes moderate level of Vegemite (Biswas, and Roy, 2015). Forty-fourpercentofrespondentsveryoftenandusuallyconsumeorbuyVegemite. Whereas, 4 percent of the respondents consumes vegemite daily (Biswas, and Roy, 2015). This category falls under the influence of Maslow theory of needs that represents a pyramid of needs such as safety needs, love and belongingness, esteem needs, and self-actualisation. In opposite to this, vegemite is a basic things that is used to fulfil the basic food needs with good nutrition. It is under psychological needs under the basic needs (Biswas, and Roy, 2015).
(Source: Survey monkey, 2019) From the above data, it is seen that forty four percent of respondents out of the total respondents consumes Vegemite with wholegrain bread. Nine out of twenty-five respondents wish to consume vegemite with sourdough breads (Biswas, and Roy, 2015). 20 percent of total twenty-five respondents consumes vegemite with white bread. Bread is a source of meeting the hunger, people often use it as a meal in Australia, and wholegrain bread has all the nutrients. This is why the proportion of consuming wholegrain bread are more (Biswas, and Roy, 2015). (Source: Survey monkey, 2019) From the above table, it is seen that six out of total twenty-five respondents strongly agree that packaging affect the buying behaviour of the customers (Mirabi, Akbariyeh, and Tahmasebifard, 2015). Eleven out of total twenty-five respondents agree that packaging has major impact on the buying behaviour. 28 percent of the total respondents reveals that they neither agree nor disagree in regards to effect of packaging on purchasing behaviour (Mirabi, Akbariyeh, and Tahmasebifard, 2015). Two out of total twenty-five respondents reveals that packaging does not affect the buying behaviour rather other more factors play more important
role in influencing purchasing behaviour of the employees. None of the respondent believes that packaging does not affect the buying behaviour, which means for all the respondents, packaging is an important component that affect the decision-making (Mirabi, Akbariyeh, and Tahmasebifard, 2015). (Source: Survey monkey, 2019) From the data analysed through the survey, it is seen that advertisement greatly influence the purchase decision (Mirabi, Akbariyeh, and Tahmasebifard, 2015). Further, it may be a great inducement because advertisement affects the buying behaviour due to high influence on sharevalues,perception,andpersonalemotionalattachment.28percentofthetotal respondents strongly agrees that advertisement affects the purchasing decision. Further, 28 percent of total respondents agrees and believes that advertisement affects the decisions of a person (Mirabi, Akbariyeh, and Tahmasebifard, 2015). 24 percent of the employees neither agree nor disagree to the statement that advertisement affects the decision-making. 20 percent of respondents disagrees that advertisement affects the decision-making and they says that there are other more factors that affects the decision making of the customers (Mirabi, Akbariyeh, and Tahmasebifard, 2015). Advertisement plays a significant role in affecting the purchasing decision considered by the consumers. It brings a huge shift in the market share in regards to competitive industries, as there are lot of products in the market and each one is competitive(Mirabi, Akbariyeh, and Tahmasebifard, 2015). The company has to undertake
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attractive and influential marketing campaigns in regards to remind the consumers so that they will get to know some competitive advantage of the product. Sometimes advertisement is connected to emotions and it affects the personal values in an positive way with an good considerationofpurchasingpatternoftheconsumers(Mirabi,Akbariyeh,and Tahmasebifard, 2015). (Source: Survey monkey, 2019) From the analysis above, it is seen that price affects the buying behaviour of the customers. 36 percent of the respondents strongly agrees to the fact that price affects the buying behaviour (Biswas, and Roy, 2015). Nearly 52 percent of respondents agrees to the fact that pricing affects the purchasing decisions. Eight percent of the total respondents believe that it neither agrees nor disagree to the fact that pricing affects the decision-making. None of the respondents agrees that pricing does not affect the business decisions. Four percent of the total respondents strong disagree that price affects the purchasing decisions (Biswas, and Roy, 2015). Economy ic conditions of any buyer will affect his lifestyle and his consumption too. It is more true in the sense of purchasing vehicles, household appliances and houses. Positive economic conditions will promote healthy lifestyle, more confidence, and their willing to engage in more costlier and sophisticated lifestyle (Mirabi, Akbariyeh, and Tahmasebifard, 2015).
(Source: Survey monkey, 2019) This table details out that why consumers prefer vegemite and, which factors affects them at the utmost priority. Some of the factors as perv this table are taste, affordable pricing, advertisement, and packaging. 56 percent of total respondents agree that taste is the major reason of the customer preferences. 20 percent of the total respondents agrees that affordable pricing is the main reason of customer preference (Zekiri, and Hasani, 2015). 16 percent of the total respondents prefer to consume because the packaging of the product induces them. For instance- the packaging might satisfy the culture and values and it might have the favourable content description that favours culture and taste. Eight percent of the total respondents focuses on advertisements are induced by it (Qalati, Yuan, Iqbal, Hussain, and Ali, 2019). On the other hand, there are some personal factors too such as likes, morals, values, dislikes, and priorities. In various dynamic industries such as personal care, fashion, food, the personal view and opinion of the consumer pertain to purchasing style and these factors have become the dominant influencing factor (Qalati, Yuan, Iqbal, Hussain, and Ali, 2019). (Source: Survey monkey, 2019)
Due to its healthy content, it is to compare that whether the vegemite provides higher satisfaction. 24 percent of total respondents believes that they strongly agrees that vegemite avails greater satisfaction as compared to other products (Qalati, Yuan, Iqbal, Hussain, and Ali, 2019). 44 percent of the respondents believe that they agree to the satisfaction level of this product, which is higher than any other product. 28 percent of respondents believes that some customers either agrees or disagrees to that satisfaction level of customers is compared to other products. Lastly, no person strongly disagrees to the fact that vegemite quality is less than as compared to the other products (Qalati, Yuan, Iqbal, Hussain, and Ali, 2019). (Source: Survey monkey, 2019) From the graph above, it is seen that the buying behaviour of vegemite is affected by the availability in the local market (Nguyen, Jamal, O’Brien, and Nawaz, 2017). Although, online stores has not at all limited the market. 72 percent of the respondents prefer to buy vegemite, as it is easily available in the near market. 28 percent of the total respondents do not buy it because it is consider far from the local markets (Nguyen, Jamal, O’Brien, and Nawaz, 2017).
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Reference Biswas, A. and Roy, M., 2015. Green products: an exploratory study on the consumer behaviour in emerging economies of the East.Journal of Cleaner Production,87, pp.463-468. Fatima, S. and Lodhi, S., 2015. Impact of Advertisement on Buying Behaviours of the Consumers: Study of Cosmetic Industry in Karachi City.International journal of management sciences and business research. Malik, M.E., Ghafoor, M.M., Iqbal, H.K., Ali, Q., Hunbal, H., Noman, M. and Ahmad, B., 2013. Impact of brand image and advertisement on consumer buying behavior.World Applied Sciences Journal,23(1), pp.117-122. Survey monkey, (2019) CONSUMER BEHAVIOUR AND MARKETING PSYCHOLOGY. Availableon: https://www.surveymonkey.com/analyze/cjUIj1Eey1S9Jj8BpLE4wmd1wZSbnN7hEc 2KVYz_2F_2Fv8_3D?tab_clicked=1[Accessed on 19/05/19] Mirabi, V., Akbariyeh, H. and Tahmasebifard, H., 2015. A study of factors affecting on customers purchase intention.Journal of Multidisciplinary Engineering Science and Technology (JMEST),2(1). Nguyen, L.T., Jamal, A., O’Brien, J. and Nawaz, I.Y., 2017. The effect of Click & Collect service in the context of retail atmospherics on consumer buying behaviour in terms of repurchase intention: An empirical study of Tesco UK. In4th International Conference on Innovation in Economics and Business(Vol. 87, pp. 43-51). Nguyen, L.T., Jamal, A., O’Brien, J. and Nawaz, I.Y., 2017. The effect of Click & Collect service in the context of retail atmospherics on consumer buying behaviour in terms
of repurchase intention: An empirical study of Tesco UK. In4th International Conference on Innovation in Economics and Business(Vol. 87, pp. 43-51). Pappas, N., 2016. Marketing strategies, perceived risks, and consumer trust in online buying behaviour.Journal of Retailing and Consumer Services,29, pp.92-103. Qalati, S., Yuan, L., Iqbal, S., Hussain, R. and Ali, S., 2019. Impact of Price on Customer Satisfaction;mediatingroleofConsumerBuyingBehaviourinTelecom Sector.International Journal of Research,6(4), pp.150-165. Wu,P.T.andLee,C.J.,2016.Impulsebuyingbehaviourincosmeticsmarketing activities.TotalQualityManagement&BusinessExcellence,27(9-10),pp.1091- 1111. Zekiri, J. and Hasani, V.V., 2015. The role and impact of the packaging effect on consumer buying behaviour.Ecoforum Journal,4.
Appendix
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