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Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall C H A P T E R 8 The Buying Process and Buyer Behavior
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Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall CHAPTER 8 The Buying Process and Buyer Behavior.

Mar 28, 2015

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Page 1: Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall CHAPTER 8 The Buying Process and Buyer Behavior.

Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall

CH

AP

TE

R

8The Buying

Process and Buyer Behavior

Page 2: Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall CHAPTER 8 The Buying Process and Buyer Behavior.

Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall 8-2

Learning ObjectivesLearning Objectives

• Discuss the meaning of a customer strategy

• Explain the difference between consumer and organizational buyers

• Understand the importance of alignment between the selling process and the customer’s buying process

8-2

Page 3: Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall CHAPTER 8 The Buying Process and Buyer Behavior.

Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall 8-3

Learning ObjectivesLearning Objectives

• Understand the buying process of the transactional, consultative, and strategic alliance buyer

• Discuss the various influences that shape customer buying decisions

8-3

Page 4: Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall CHAPTER 8 The Buying Process and Buyer Behavior.

Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall 8-4

Customer Strategy DefinedCustomer Strategy Defined

“A customer strategy is a carefully conceived plan that results in maximum customer responsiveness. One major dimension of this strategy is to achieve a better understanding of the customer’s buying needs and motives.”

8-4

Page 5: Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall CHAPTER 8 The Buying Process and Buyer Behavior.

Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall 8-5

Strategic/ConsultativeStrategic/ConsultativeSelling ModelSelling Model

8-5

FIGURE 8.1

Page 6: Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall CHAPTER 8 The Buying Process and Buyer Behavior.

Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall 8-6

Complex Nature ofComplex Nature ofCustomer BehaviorCustomer Behavior

• Individual customers perceive the product in their own terms

• The customer is a person, not a statistic• Companies that fully

accept this basic truth are likely toadopt a one-to-onemarketing strategy

8-6

Page 7: Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall CHAPTER 8 The Buying Process and Buyer Behavior.

Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall 8-7

Consumer versusConsumer versusOrganizational BuyersOrganizational Buyers

• Consumer buyer behavior refers to the buying behavior of individuals and households who buy goods and services for personal consumption

• Business (organizational) buyer behavior refers to the organizations that buy goods and services for use in the production of other products and services that are sold, rented, or supplied to others

8-7

Page 8: Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall CHAPTER 8 The Buying Process and Buyer Behavior.

Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall 8-8

Differences Between Consumer and Differences Between Consumer and Organizational BuyersOrganizational Buyers

8-8

FIGURE 8.2

Page 9: Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall CHAPTER 8 The Buying Process and Buyer Behavior.

Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall 8-9

Types of Organizational Types of Organizational Buying SituationsBuying Situations

• New-task buy• Salespeople rely on consultative selling skills

• Straight rebuy• Salespeople constantly monitor satisfaction

• Modified rebuy• Salespeople can provide service and

anticipate changes

• Systems selling

8-9

Page 10: Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall CHAPTER 8 The Buying Process and Buyer Behavior.

Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall 8-10

Types of ConsumerTypes of ConsumerBuying SituationsBuying Situations

• Habitual buying situations

• Variety-seeking buying situations

• Complex buying situations

8-10

Page 11: Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall CHAPTER 8 The Buying Process and Buyer Behavior.

Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall 8-11

Mitchells/RichardsMitchells/Richards

8-11

Salespeople at Mitchells/Richards work hard to discover the customer’s needs and provide outstanding service after the sale.

See the Hug Your Customers Website

See Mitchells Website

Page 12: Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall CHAPTER 8 The Buying Process and Buyer Behavior.

Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall 8-12

Achieving AlignmentAchieving Alignment

• The buying process is a systematic series of actions, or a series of defined, repeatable steps, intended to achieve a result

• Salespeople need to be clear on how decisions are being made

• Acquire specific information rather than making generalizations about the buyer’s decision-making process

8-12

Page 13: Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall CHAPTER 8 The Buying Process and Buyer Behavior.

Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall 8-13

Steps in the Buying ProcessSteps in the Buying Process

8-13

FIGURE 8.3

Page 14: Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall CHAPTER 8 The Buying Process and Buyer Behavior.

Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall 8-14

Steps in the Buying ProcessSteps in the Buying Process

• Need awareness• Salespeople can create value by determining

problems and identifying solutions

• Evaluation of solutions• Salespeople can create value by providing

useful information

• Resolution of problems

Page 15: Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall CHAPTER 8 The Buying Process and Buyer Behavior.

Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall 8-15

Steps in the Buying ProcessSteps in the Buying Process

• Purchase• Salespeople create value by arranging

financing or supervising delivery and installation

• Implementation• Value creation involves timely delivery,

superior installation, accurate invoicing, or follow-up contacts by the salesperson

8-15

Page 16: Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall CHAPTER 8 The Buying Process and Buyer Behavior.

Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall 8-16

Understanding Buying ProcessesUnderstanding Buying Processes

• Transactional process buyers• Salespeople can eliminate any unnecessary costs

or delays

• Consultative process buyers• Salespeople focus attention on needs

awareness and help customer evaluate solutions

• Strategic alliance process buyers

• Companies team up to gain mutual competitive advantage

8-16

Page 17: Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall CHAPTER 8 The Buying Process and Buyer Behavior.

Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall 8-17

Buyer Resolution TheoryBuyer Resolution Theory

8-17

Page 18: Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall CHAPTER 8 The Buying Process and Buyer Behavior.

Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall 8-18

Customer Strategy ModelCustomer Strategy Model

8-18

FIGURE 8.5

Page 19: Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall CHAPTER 8 The Buying Process and Buyer Behavior.

Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall 8-19

Basic Needs—MaslowBasic Needs—Maslow

• Physiological: food, shelter• Security: free from danger• Social: identification

with social groups,friendship

• Esteem: desire to feel worthy in eyes of others

• Self-actualization: need for mastery, self-fulfillment

8-19

FIGURE 8.6

Page 20: Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall CHAPTER 8 The Buying Process and Buyer Behavior.

Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall 8-20

Group InfluencesGroup Influences

8-20

FIGURE 8.7

Page 21: Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall CHAPTER 8 The Buying Process and Buyer Behavior.

Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall 8-21

Group InfluencesGroup Influences

• Role: expectations associated with position

• Reference groups: categories of people you see yourself belonging to

• Social class: group with similar values, interests, lifestyles

• Culture: influences of group with common language, environment, also subcultures

8-21

Page 22: Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall CHAPTER 8 The Buying Process and Buyer Behavior.

Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall 8-22

Buying MotivesBuying Motives

• A buying motive is an aroused need, drive, or desire that stimulates behavior to satisfy the aroused need

• It’s helpful to discover the “dominant buying motive” or DBM

• Four basic motive types—emotional, rational, patronage, and product

8-22

Page 23: Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall CHAPTER 8 The Buying Process and Buyer Behavior.

Emotional and Rational MotivesEmotional and Rational Motives

Emotional• Acts due to passion

or sentiment• Emotional appeals

common• If two products are

identical, the salesperson who “connects” has the advantage

Rational• Acts on reason or

judgment• Relatively free of

emotion• Salespeople gather,

interpret, and disseminate customer-specific information

8-23Copyright © 2010 Pearson Eduation, Inc. Publishing as Prentice Hall

Page 24: Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall CHAPTER 8 The Buying Process and Buyer Behavior.

Patronage and Product MotivesPatronage and Product Motives

Patronage• Buy from a particular

firm• Past experience

positive• Relevant elements:

superior service, product selection, competent sales staff

Product• Buyer believes one

product is superior to others

• Preferences for: specific brands, quality, price, design/engineering

8-24Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall

Page 25: Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall CHAPTER 8 The Buying Process and Buyer Behavior.

Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall 8-25

Rational Buying MotivesRational Buying Motives

8-25

See theWebsite

Page 26: Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall CHAPTER 8 The Buying Process and Buyer Behavior.

Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall 8-26

Selling NASCAR in ManhattanSelling NASCAR in Manhattan

8-26

See theWebsite

Page 27: Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall CHAPTER 8 The Buying Process and Buyer Behavior.

Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall 8-27

Creating Value Throughout the Creating Value Throughout the Buying Process ModelBuying Process Model

8-27

FIGURE 8.8

Page 28: Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall CHAPTER 8 The Buying Process and Buyer Behavior.

Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall 8-28

Key ConceptKey ConceptDiscussion Questions Discussion Questions

• Discuss the meaning of customer strategy

• Explain the difference between consumer and business buyers

• Explain the importance of alignment between the selling process and the customer’s buying process

Page 29: Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall CHAPTER 8 The Buying Process and Buyer Behavior.

Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall 8-29

Key ConceptKey ConceptDiscussion Questions Discussion Questions

• Discuss the buying process of the transactional, consultative, and strategic alliance buyer

• Discuss the various influencers that shape customer buying decisions

Page 30: Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall CHAPTER 8 The Buying Process and Buyer Behavior.

Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall 8-30

All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. Printed in the United States of America.

Copyright © 2010 Pearson Education, Inc.  Copyright © 2010 Pearson Education, Inc.  Publishing as Prentice HallPublishing as Prentice Hall