Consumer behavior for lg products

Some of the most popular CE today are: Like every time they buy different washing detergent just for variety. Please see the page: For example, some consumers are technoholics.

A positive consumer behaviour leads to a purchase decision. So it is the duty of the marketer to encourage the consumer to buy the product by offering them discounts, free samples and by advertising the product a lot. Psychological factors such as buying motives, perception of the product and attitudes towards the product.

Situational factors such as physical surroundings at the time of purchase, social surroundings and time factor. Significant differences between brands: Like while buying toothpaste a consumer is not highly involved.

For most of the 20th century, the phonograph and radio were the most widely used such devices, but the development of computers contributed to the growth of the consumer electronics industry to include better technology, as well as cheaper and more diverse products.

Starting from the information provider, from the user to the payer and to the disposer, consumers play these roles in the decision process. The differences in consumer behaviour are due to individual factors such as the nature of the consumers, lifestyle and culture.

For example, kids prefer colourful and fancy footwear, but as they grow up as teenagers and young adults, they prefer trendy footwear, and as middle-aged and senior citizens they prefer more sober footwear. A paid subscription is required for full access. In the past decades, the consumer electronic market size has increased, having seen both horizontal and vertical growth at a rapid pace.

4 types of consumer buying behavior

Few differences between brands: Place of distribution 6. Marketers expect that by understanding what causes the consumers to buy particular goods and services, they will be able to determine—which products are needed in the marketplace, which are obsolete, and how best to present the goods to the consumers.

Like consumer while buying a floor tiles buy them quickly as there are few differences between brands. A good number of rural consumers are conservative in their buying behaviours.

Generally this situation happens in case of expensive or luxuries goods. Complex buying behavior motor cycle Variety seeking behavior washing detergent Few differences between brands Dissonance buying behavior floor tiles Habitual buying behavior toothpaste High involvement: A consumer may take the decision of buying a product on the basis of different buying motives.

These are the types of consumer buying behavior. Cultural factors, such as religion, social class—caste and sub-castes. For example, the behaviour of the urban consumers is different from that of the rural consumers. Consumer electronics — additional information Consumer electronics CE are devices specifically designed for entertainment, communication or information purposes.

Consumer Behavior, 11th Edition

The more a person buys the goods and services, the higher is the standard of living. Pricing of the product c.


There are some consumers who may buy more quantity of certain items and very low or no quantity of other items. Information on consumer behaviour is important to the marketers: Inthe U. It happens in case of low price goods. But there are other consumers who, despite having surplus money, do not go even for the regular purchases and avoid use and purchase of advance technologies.

Consumer behaviour is the study of how individual customers, groups or organizations select, buy, use, and dispose ideas, goods, and services to satisfy their needs and wants. Promotion of the product d. The change in buying behaviour may take place due to several other factors such as increase in income level, education level and marketing factors.

The study of consumer behaviour assumes that the consumers are actors in the marketplace. The strongest industry trend however is the shift toward connected devices and telematicsas part of the Internet of Things phenomenon. Wholesale revenue consumer electronics CE shipments in the U.

Undergoes a constant change: In this market, one of the strongest trends has been convergence, where one product combines the functions of multiple devices, such as a smartphone with camera, clock and MP3 functions.

Show more Revenue in billion U. Therefore, marketers need to influence consumer behaviour to increase their purchases.Allwyn.

Consumer Behaviour: Meaning/Definition and Nature of Consumer Behaviour

double-income families and increasing consumer awareness are the main growth drivers of this industry Consumer Electronics in India dethroning the Indian players and dominating the market Consumer durables sector is one of the fastest growing industries in India LG and Samsung.

and Voltas Post-liberalization many foreign 3/5(2). Watch video · Ratings & Buying Guides Get the latest in tech and gadget reviews, Ratings, specs, and prices from Consumer Reports for laptops, printers, TVs, and more.

2) Variety seeking behavior: in this case consumer involvement is low while buying the product but there are significant differences between brands. Consumers generally buy different products not due to dissatisfaction from the earlier product but due to.

consumer behaviour of lg tv words | 52 pages. a project report on impact of consumer behaviour on the marketing stratigies of new products with refernce to lg television, bangalore. This statistic depicts the total retail value of the consumer electronics market in the United States from to Inthe U.S.

market for. A consumer profile is a way of describing a consumer categorically so that they can be grouped for marketing and advertising purposes. By target advertising to a specific market segment, companies and marketers can find more success in selling a particular product and increase profits.

Consumer behavior for lg products
Rated 4/5 based on 92 review