Markting 3000 Essay Example | Topics and Well Written Essays - 1250 words

Markting 3000 - Essay ExampleThe behavioral pattern of the people, in the decision making process of buying products and services, helps provide important clues for preparing appropriate market strategies so that level best mileage could be garnered for the products. The paper is an attempt to study the consumer psychology that culminates in purchase of goods.Two consumers, who had bought cars, were examine for the learning processes that led to their buying decision vis--vis five major factors need recognition information seek evaluation of alternatives purchase and post purchase dissonance. The consumers had come from diverse socio-economic background and their purchase psychology would importantly provide a wider spectrum of important clues for marketers. The interviews consisted of same set of questions regarding their pre and post purchase psychology and the factors and issues that had considerable regard on their decision making process. Consumer A belonged to an affluent c lass and was working in a transnational company as a System Analyst. He had bought a Mercedes Benz. Consumer B was a Teacher in a semi urban locality and belonged to a middle class society. He had bought Honda City.As per their responses, it was imbed that both the consumers had different need recognition that was driven by their beliefs, attitude and lifestyle imperatives. Consumer A was sure of his social status and wanted a car that would add value to his lifestyle. He therefore, wanted a high end, flashy car that would also give good return vis--vis his investment. Consumer Bs necessity was primarily need driven because of the long and time consuming public transport to his workplace. He, therefore, required a sturdy, low investment and comfortable family car that would be economic as well as reliable. He was, therefore looking for a medium range, practical and comfortable car.The information search