Understanding Customers: Factors Influencing Consumer Behaviour in Different Businesses and Marketing Contexts
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This report discusses the factors that influence consumer behaviour in different businesses and marketing contexts, including tourism. It also covers contemporary consumer behaviour theories, concepts, and models and their applications.
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UNDERSTANDING CUTOMERS
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INTRODUCTION Understanding of customers is important for every organisation for planning its products and services and producing goods according to the consumer taste and preferences for customer satisfaction(Khan, 2019). Consumer behaviour is all about study of individual or a group of people, target market to whom the company produces or sells its products. Buying of consumers is totally depends upon consumer individual emotions, attitudes, preferences etc. and has to be studied before planning and production. Tourism sectors playing a key role in marketing now a days and providing its customers all the facilities with travelling and the profits of this sectors are totally depends upon the consumer good experiences and satisfaction. This report will include factors that influence consumer behaviour in different businesses and marketing contexts, including tourism. Furthermore, Understanding of contemporary consumer behaviour theories, concepts, and models and their applications. Practical implications of consumer behaviour theory in different businesses and marketing context, including tourism. MAIN BODY Contemporary perspective on consumption Consumer behaviourThis is the study of consumers or a group of individual of their behaviours like attitude, emotions, their taste or the target market research before producing the products by any company because if the researches are done wrong will create heavy losses due to more sells and less demand Many companies are using contemporary approaches for the making its sell equal to consumptions(Moon, 2021). The main aim of consumer behaviour is making the consumer attracted towards the products or services likeHays travelis the greatest company in the United Kingdom operating internationally and providing various facilities as an accommodation with travel food and beverages etc for attracting its customers.This company is using various marketing strategies for providing its message about its new offers and services worldwide. This company also involved in deep research for making its services more better with less cost for more consumer satisfaction. Factors which are influencing consumer behaviours are
Cultural factorsthey are the main factors which has to be keep in mind before creating or producing the products because diversity of cultures creates different views and thoughts by different consumers like some are comfortable with the price and some are bargaining more for reducing the prices(Dhanabalan, 2018). Many are educated and will understand the products detail easily and vice versa. The companyBlue Bay Travelis a company which is advertising its products and services in a way that it can be understand easily by the consumers with different languages and cultures.Social factorsthese factors are creating huge change in the behaviours of consumers like market new trends and offers are attracting the consumers because of their friends and family are using that products and services(Osokpo, 2021).Educationinfluence the behaviours of consumers because educated peoples have more knowledge of the market and they mostly go for a cheap products with affordable prices. Individual decision making and involvement Understandingtheconsumerdecisionmakingprocessisveryimportantforthe businesses for planning its strategies and making any change or decision in the process of productions. Like theJet2holidaysis using various models for making the decisions regarding the consumer behaviours. Learning model of consumer behaviours This model states that buying behaviours can be influenced by the need and desires of the consumers for the products.Maslow’s hierarchy of needs is applied by Jet2holidaysbefore deciding its products which include lower level needs of the consumers with low wages and medium level needs with normal earnings and higher needs by rich peoples. This company is providing all the basic level needs to each customers with necessity products and need no involvements of deep research due to stability of the consumers. The products or services which are having normal demand need research and changes because of the various subsidiary available to the consumers(Hovy, 2021). Another need is the high level needs which need more decision making because this generates more income and people will pay any amount to satisfy their higher level needs for example making the services and products so luxury so that the people cannot resist to say no to that products and services.
Engel-Kollat-Blackwell (EKB) Model of Consumer Behaviour This model is used by the company with five stages decision process that all the consumers go through first isAwarenessconsumer first aware of their needs and desires through advertisements from the business and start purchasing once the need is discovered(Rai, 2020). Information processingthen the consumer identify how the products and services satisfy their needs by past information of the products.Evaluationthen the consumer will compare its products with another products for and decides which one will fit the best. Purchasing decision then the consumers take the decisions and buy the products and after that do theOutcome analysisof the product purchased by giving positive or negative feedbacks(Zhang, 2020). Importance of perceptual process in understanding individual consumers Thisistheprocessofcompany’susesforgettingtheknowledgeofconsumers perceptions about the products and services. LikeTravelodge hotelsare using various theories for getting the customers feedback for their services provided to know the changes that need to be made if any. For consumer positive perception the market has to do big researches by using various models. Black Box Model of Consumer Behaviours This model helps the company in which it states that consumers are the sole members for making any decisions relatedto any purchase internal or external.This model on three components the first one isStimuliis the advertisements and other forms of marketing which stimulate or generate the needs in consumer behaviours. This are all marketing mix methods of the company’s and the environmental factors that stimulate the need for purchasing and buying the products. ThenBuyer’s mindin which each consumer with his attitudes or cultural habits and decision making process decides the or choose the products or services which it has to buy this are all internal factors of an individual that helps them to buy. Lastly,Responsesthe consumers finally decide after doing all the research whether they want to buy the products or not or purchased the products or services with its affordable price or brand. Consumers in society There are variety of consumers in the markets due their social and cultural changes and involve in buying or purchasing of goods in small or bulk quantitiesit totally depends
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(Cherubino, 2019). The advertisements by the company’s affects the consumers need due to every consumers or a group of consumers need to purchase products according to the society needs. Increasing use of social media emerged the urge for new and trending products in the market due to more competitions in the market between the products. Every consumer wanted to be respected in the society and wanted to buy those brand and products which it friends and peers are using. Social circles of consumers influence the buying for example buying all trendy clothes to look good in the society and the buying the products which make them look attractive by the society the company need to take or do the research deeply on the society because it has more influence in the buying power of the consumers. Future trends in consumer behaviours Due to increasing change in the market rapid growth has led to increase the demands in the market due to urbanisations.Bulk purchasingby the consumers the consumers now a days are purchasing in bulk quantities due growing shopping needs and junk food needs of the consumers. This new generation is now dependent on ready made goods and due to variety of stores in market they are buying all the lower level to luxury goods from the markets(Dholakia, 2019). Trendy lifestylesthe consumers with increasing use of social medias and trending environment or western trends increase the needs for buying trendy things supplied by the UK markets like footwear, packed food, ready to eat food, clothes etc.Buyers marketnowadays the sellers are selling products according to consumer needs because they are the only one with that they can earn profits. The buyers are the only influencers for the demands of the products the company is producing those products after the research which has more demand and customer satisfaction. Company is designing or pricing its products and services according the needs of the consumer because if they will not provide them the products which they want they will switch to another products with similar quality.
CONCLUSION From the above report it has been concluded that understanding the needs or behaviours of the consumers is necessary for successful operation of the business or to earn more profits. There are various factors which influence the consumer behaviours and the company before producing its products should plan every activity for satisfying the consumers. Further, different company uses different models or theories of consumer satisfaction or studying the consumer behaviours. It also concluded that society plays a key role in influencing the consumer behaviours and due to urbanisations all the people of every level is demanding trendy products and services due to more competitions in the market and more substitute availability to the consumers.
REFERENCES Books and journals Khan, and et.al., 2019. Understanding consumers’ behavior intentions towards dealing with the plasticwaste:Perspectiveofadevelopingcountry.Resources,Conservationand Recycling,142, pp.49-58. Moon, J., Choe, Y. and Song, H., 2021. Determinants of consumers’ online/offline shopping behaviours during the COVID-19 pandemic.International journal of environmental research and public health,18(4), p.1593. Dhanabalan, and et.al., 2018. Factors influencing consumers’ car purchasing decision in Indian automobileindustry.InternationalJournalofMechanicalEngineeringand Technology,9(10), pp.53-63. Osokpo, O. and Riegel, B., 2021. Cultural factors influencing self-care by persons with cardiovasculardisease:anintegrativereview.Internationaljournalofnursing studies,116, p.103383. Hovy, D. and Yang, D., 2021. The importance of modeling social factors of language: Theory and practice. InThe 2021 Conference of the North American Chapter of the Association forComputationalLinguistics:HumanLanguageTechnologies.Associationfor Computational Linguistics. Rai, A., 2020. Explainable AI: From black box to glass box.Journal of the Academy of Marketing Science,48(1), pp.137-141. Zhang, and et.al.,2020, November. Extended Engel-Kollat-Blackwell Consumption Behavior Model for Residential Customers. In2020 International Conference on Smart Grids and Energy Systems (SGES)(pp. 751-756). IEEE. Cherubino, and et.al., 2019. Consumer behaviour through the eyes of neurophysiological measures:State-of-the-artandfuturetrends.Computationalintelligenceand neuroscience. Dholakia,N.andFirat,A.F.,2019.Markets,consumersandsocietyintheageof heteromation.European Journal of Marketing. 1
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