- What are the four major factors that influence consumer buyer behavior?
- What are the benefits of sales promotion?
- What are examples of sales promotion?
- How does marketing mix affects customer behavior?
- What are the factors that influence the customer expectation of services?
- What factors influence your buying behavior?
- What are the disadvantages of sales promotion?
- What are the advantages and disadvantages of sales promotion?
- What is the first stage in the purchase decision process?
- How does sales promotion affect the buying decision of customer?
- What are the four types of buying decision behavior?
- What are the importance of sales promotion?
What are the four major factors that influence consumer buyer behavior?
There are four psychological factors that influence consumer behaviour: Motivation, perception, learning, and attitude or belief system..
What are the benefits of sales promotion?
8 Benefits of Sales PromotionCreates differentiation. … Creates communication opportunity. … Creates word of mouth. … Creates a platform to cross-sell and upsell. … Creates a reason to buy. … Creates a focused marketing approach. … Creates greater revenue. … Creates a source of information.
What are examples of sales promotion?
Examples include contests, coupons, freebies, loss leaders, point of purchase displays, premiums, prizes, product samples, and rebates. Sales promotions can be directed at either the customer, sales staff, or distribution channel members (such as retailers).
How does marketing mix affects customer behavior?
The research shows the importance of marketing mix and how can marketing mix such as product, price, place, promotion influence consumer behaviour. … By detailed analyses it can be proven that consumers react positively to the promotion and price factor. The good packing and bright colours sell the product more easily.
What are the factors that influence the customer expectation of services?
Factors Influencing Customer ExpectationsPrevious Customer Experience. … Customer Communications. … Reviews and Word of Mouth. … Previous Experience with Other Companies. … Communicate Clearly and Honestly. … Cultivate Loyalty. … Monitor Your Market and Beyond. … Be Expert.More items…•
What factors influence your buying behavior?
3.2 The factors which influence consumer behaviourPsychological (motivation, perception, learning, beliefs and attitudes)Personal (age and life-cycle stage, occupation, economic circumstances, lifestyle, personality and self concept)Social (reference groups, family, roles and status)Cultural (culture, subculture, social class system).
What are the disadvantages of sales promotion?
Disadvantages of Sales PromotionIncreased price sensitivity. Consumers wait for the promotion deals to be announced and then purchase the product. … Quality image may become tarnished: … Merchandising support from dealers is doubtful: … Short-term orientation:
What are the advantages and disadvantages of sales promotion?
Advantages & Disadvantages of Sales PromotionsAdvantage: Entice Customers. … Advantage: Clear Excess Inventory. … Advantage: Upselling and Cross Selling. … Disadvantage: Changes Customers’ Price Perceptions. … Disadvantage: Limits Your Revenue. … Disadvantage: Alienating Customers.
What is the first stage in the purchase decision process?
Problem or Need Recognition This is the first stage of the Consumer Decision Process in which the consumer is able to recognize what the problem or need is and subsequently, what product or kind of product would be able to meet this need.
How does sales promotion affect the buying decision of customer?
Sales promotion can have impact on all these purchasing decision. The rewarding benefits of sales promotion are attracting new pool of customers from competitors to persuade them to switch brands or simply induce existing customers to buy more (M.
What are the four types of buying decision behavior?
There are four type of consumer buying behavior:Complex buying behavior.Dissonance-reducing buying behavior.Habitual buying behavior.Variety seeking behavior.
What are the importance of sales promotion?
The main purpose of sales promotion is to boost sales of a product by creating demand, that is, both consumer demand as well as trade demand. It improves the performance of middlemen and acts as a supplement to advertising and personal selling.