CONSUEMR BUYING BEHAVIOUR2 Table of Contents Findings from the interview...................................................................................................................2 Marketing issues in Myer......................................................................................................................2 Strategies for eliminating the marketing issue.......................................................................................2 CONSUMER BUYING THEORY AND CONCEPT...........................................................................3 References.............................................................................................................................................5 Appendix...............................................................................................................................................6
CONSUEMR BUYING BEHAVIOUR3 Findings from the interview From the analysis, it is founded that there are certain marketing problems which have been addressed in Myer by the organization named as lack of product quality, higher product price, and lack of customer value. It is illustrated that these problems could decline the opportunity of the organization to have positive responses and sustain its position in the marketplace for the long-term. It is founded that organization could get lower productivity due to such an issue. Marketing issues in Myer It is founded that the lack of lack of product quality has forced the consumer to switch one place to another brand that would decline to the overall productivity of an organization. In addition, higher product process as compared to the competitors could also decline the loyalty of consumers towards the particular brand which might be a negative impact on the organizational performance. The customer value is another factor that affecting the buying behaviour of the consumers. From the analysis, it is addressed that this organization does not give the value to their consumers' that can create negative image of business among consumers as it would be affected to the consumer buying behaviour. Strategies for eliminating the marketing issue For eliminating such issue the organization should use many strategies that were related to the processing, quality, and customer value improvement. The following strategies should be practiced by the firm to operate its business process: SERVQUALmodel This organization should use the SERVQUALmodel that is used to manage the quality of products and services. This tool will be imperative for the organization due to assist the firm to get higher competitive advantages. This model could also aid to the organization for identifying the gap between expectation of the consumers and actual services that are
CONSUEMR BUYING BEHAVIOUR4 provided by the organization (Pappas, 2016).It will offer an opportunity for the organization to get higher competitive advantages by meeting the expectation of consumers. This tool will aid the organization in meeting the gap and sustain their organizational position in market. The organization could consider elements by which the service quality of goods could be measured named as tangibles, reliability, responsiveness, assurance, and empathy. It could be vital for meeting the company’s task. It is examined that this tool is imperative in improving the quality of goods as well as services (Solomon, et al., 2014). Economic pricing strategy This organization should use the economic pricing strategy that enables to offer their services at a reasonable cost that a consumer was willing to pay. This strategy could support to influence a large number of people in limited time and retail them for long term (Solomon, et al., 2014).It would be vitalto enhance the demand for products and services. It is illustrated that the economic pricing strategy will assist to determine the amount that a consumer wants to pay in oppose to have the goods. This strategy will be imperative to get higher advantages (Solomon, et al., 2014). After-sales service This company should provide after-sales service to their consumers due to offering the customer value to the organization. Through this strategy, an organization could be capable to increase customer loyalty and make higher competitive advantages. It is illustrated that this approach could be imperative in increasing the growth of the firm (Pappas, 2016). CONSUMER BUYING THEORY AND CONCEPT The organization should also deeply evaluates the consumer as well as theories of the consumer buying behaviour for increasing growth of the organization (Solomon, et al., 2014).Consumer buying behaviour could facilitate organization to determine the preference, intentions, and attitudes. It would facilitate to make a decision in favour of the organizational
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CONSUEMR BUYING BEHAVIOUR5 image (Foxall, 2014).It is imperative for changing the behaviour of consumer towards goods and services. It could enable to get a higher competitive advantage. On the basis of consumer behaviour, different factors have been considered by the organization named as made effective decision, routine reactions, and impulsive buying. It is examined that this tool was imperative in the attainment of the company’s task (Ramya and Mohamed Ali, 2016). Consumer buying behaviour theory There are two kinds of consumer buying behaviour theories, which are effective for changing the behaviour of a consumer. The consumer buying behaviour could consider certain approaches named as utility approach as well as indifference consumer buying theory. These theories will assist to get higher competitive advantages (Mihaela, 2015).These are discussed below: Utility consumer buying theory The utility approach is effective to comprehend the price of goods are depending on demand and supply. It is examined that person’s demand for goods is depending on the product price, individual income, and the substitutes of goods. This theory also demonstrates that the organization should be needed to deeply evaluate this approach caused by influencing the huge number of consumers and make higher competitive advantages (Biswas and Roy, 2015). Indifference consumer buying theory Another approach that might be used by the organization is indifference consumer buying behaviour. This theory aids to comprehend the consumer has select a product that gives them higher satisfaction as it means they have to give value to their preference as it might be changed on time. It might be associated with the quality, price, and other factors. It is also stated that this theory could aid the organization to comprehend the preference of people and make their products and services on the basis of it (Yan and Ke, 2018).
CONSUEMR BUYING BEHAVIOUR6 References Biswas, A. and Roy, M., 2015. Green products: an exploratory study on consumer behaviour in emerging economies of the East.Journal of Cleaner Production,87, pp.463-468. Foxall, G.R., 2014.Consumer Behaviour (RLE Consumer Behaviour): A Practical Guide. Routledge. Mihaela, O.O.E., 2015. The influence of integrated marketing communication on consumer buying behaviour.Procedia Economics and Finance,23, pp.1446-1450. Pappas, N., 2016. Marketing strategies, perceived risks, and consumer trust in online buying behaviour.Journal of Retailing and Consumer Services,29, pp.92-103. Ramya,N.andMohamedAli,S.A.,2016.Factorsaffectingconsumerbuying behaviour.International journal of applied research,2(10), pp.76-80. Solomon,M.R.,Dahl,D.W.,White,K.,Zaichkowsky,J.L.andPolegato,R., 2014.Consumer behaviour: Buying, having and being(Vol. 10). Toronto, Canada: Pearson. Yan, B. and Ke, C., 2018. Two strategies for dynamic perishable product pricing to consider strategic consumer behaviour.International Journal of Production Research,56(5), pp.1757- 1772. 1.
CONSUEMR BUYING BEHAVIOUR7 Appendix Survey through questionnaire What is your gender? From the collected information, it is addressed that the investigator has selected both males as well as female for conducting this study. In this, 3 out of 5 research candidates were male while 2 out of 5 were female. The main cause of selecting both males as well as the female is to get diverse responses in oppose to the research questions. What is your age? From the collected information, it is founded that most of the research candidates believed that most of the consumers have comes in the age of 23-35. 3. How many years have you lived in Australia? From the data, it is found that 2 out of 5 were lived in Australia from the last 10 years while 3 out of 5 have lived in this country for more than 15 years. 4. Do you live in an urban, suburban, or rural area? Most of the participants were from the urban area as it was founded by this study. It is examined that 4 out of 5 belongs to the urban area while only 1 out of 5 consumers belonged to the suburban sector. The researcher has mainly focused on that consumer who belongs to the urban area for getting depth information about their experience about the organization. 5. How often do you buy items from Australian department stores in person? Online? From the data, it is founded that 2 out of 5 research participates believed that they have using Australian department stores twice in 15 days while 3 out of 15 were going on offline stores for having the products and services of this organization. Most of the people have using online sources rather than offline to purchase the goods and services of the organization. 6. What is your overall impression of Myer in terms of product prices?
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CONSUEMR BUYING BEHAVIOUR8 From the analysis, it is founded that 3 out of 5 research candidates believe that the product prices of their organization are quite higher as compared to their competitors that could increase the switching level of consumers. It might be affected by the demand for goods and services of the firm. It is also founded that there 2 out of 5 believed that this organization offers its goods at a reasonable cost. 7. What is your overall impression of Myer in terms of product quality? From the analysis, it is also addressed that 4 out of 5 believed that this organization has not offered higher quality to its consumers as it is major disadvantages for the organization. It is believed that 1 out of 5 research candidates believed that the product quality of this product is much better as compared to other organization. But, most of the research candidates believed that the product quality of this organization not much better than the price. 8. Please rank Myer, David Jones, Kmart, Target, and Big W on each of the following factors. Please comment on any obvious differences between these companies on each factor. (The responses of this questions is measures by Likert scale (wherein, 1=Very unlikely, 2=Unlikely, 3= Neither Unlikely nor Likely, 4= Likely, 5= Very likely) MyerDavid Jones KmartTargetBig W Value for money25134 Convenient location 14312 Convenient trading hours 54215 Therangeof products available 45213 Carparking availability 54354 Store personnel13452 Thestore ambiance,layout, 15432
CONSUEMR BUYING BEHAVIOUR9 and features The loyalty reward program 24513 Returns policy15324 Deliveryand shipping 42153 Howgoodthe mobile application/website is 21345 a. Value for money? b. Convenient locations? c. Convenient trading hours? d. The range of products available? e. Car parking availability? f. Store personnel? g. The store ambiance, layout, and features? h. The loyalty reward program? i. Returns policy? j. Delivery and shipping? k. How good the mobile application/website is? From the analysis of data, it is founded that most of the participants believed that there are different elements which might influence the consumers to have the services of Myer named as convenient trading hours, range of products available, car parking availability, delivery as well as shipping. These services are better than their competitors. 9. What did you think of Myer’ “My Store” campaign?
CONSUEMR BUYING BEHAVIOUR10 Most of the participants believe that research candidates believed that“My Store” Campaign of this organization could effective in increasing awareness of products as well as services of organization among the a large number of customers in limited time and cost. 10. Which factor is most imperative for you while shopping? From the collected responses, it is founded that 4 out of 5 believed that price and quality are major comments that might for us to have services of the firm while 1 out of 5 believed that social media sources responses have attracted to have any products and services of the particular organization. 11. Which reason influence you to choose Myer for shopping? From the collected responses, it is founded that the out of consumers believed that the main reasons that attract to the consumer for shopping of the products and services of this organization are Myer for shopping is the availability of products and brand image. Apart from this, 1 out of 5 believes that the quality of products has been influenced by them to have the products and services of this organization. 12. Do you feel that this organization provide customer value? With respect to the collected information, it is founded that the customer value is an imperative tool for the organization as it assists them to have the services of the organization in the long term. From the data, it is founded that 2 out of 5 believed that this organization gives the customer value to their consumers while 3 out of 5 have disagreed with this statement as they believed that this organization has not given the higher value to the consumers which might be affected to their productivity growth. 13. From your opinion, which sales promotional tool has been more influenced to you for purchasing goods and services of Myer?
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CONSUEMR BUYING BEHAVIOUR11 From the data, it is addressed that 3 out of 5 believed that digital media marketing and social media sources have been encouraged them to have the services of the Myer while 2 out of 5 believed that they influenced by a traditional promotional tool.