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Analyzing Consumer Markets
Dr. Gopal Thapa
Tribhuvan University
Consumer Behavior
 Consumer behavior is the study of how
individuals, groups and organizations select, buy,
use, and dispose of goods, services, ideas or
experiences to satisfy their needs and wants.
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Model of Consumer Behavior
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What Influences Consumer
Behavior?
 Cultural factors
 Social factors
 Personal factors
 Psychological factors
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Cultural Factors
 Culture
 Sub culture
 Nationalities, religions, racial groups, geographical
regions
 Social class
 Upper class, middle class, lower class
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Social Factors
 Reference groups
 Membership group: primary & secondary
 Inspirational group
 Dissociative group
 Opinion leader
 Family
 Roles and status
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Personal Factors
 Age and stage in the life cycle
 Occupation and economic circumstances
 Personality and self concept
 Lifestyle and values
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Psychological Factors
 Motivation
 Perception
 Learning
 Emotions
 Memory
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The Buying Process
(The Five Stage Model)
 Problem recognition
 Information search
 Evaluation of alternatives
 Purchase decision
 Post purchase behavior
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Any Queries?
Thank You
7/21/2022 Copy right reserved 10

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Analyzing Consumer Markets and Behavior