{"id":3438,"date":"2015-12-31T20:50:57","date_gmt":"2015-12-31T20:50:57","guid":{"rendered":"https:\/\/courses.candelalearning.com\/waymakerintromarketing1xmaster\/?post_type=chapter&#038;p=3438"},"modified":"2024-05-14T15:24:56","modified_gmt":"2024-05-14T15:24:56","slug":"reading-situational-factors","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/waymakerintromarketingxmasterfall2016\/chapter\/reading-situational-factors\/","title":{"raw":"Reading: Influences on Consumer Decisions","rendered":"Reading: Influences on Consumer Decisions"},"content":{"raw":"<h2>What, Exactly, Influences a Purchasing Decision?<\/h2>\r\nWhile the decision-making process itself appears\u00a0quite standardized, no two people make a decision in exactly the same way. People have many beliefs and behavioral tendencies\u2014some controllable, some beyond our control. How all these factors interact with each other ensures that each of us is unique in our consumer actions and choices.\r\n\r\nAlthough it isn't feasible for marketers to react to the complex, individual profiles of every single consumer, it is possible to identify factors that tend to influence most consumers in predictable ways.\r\n\r\nThe factors that influence the consumer problem-solving process are many and complex. For example, as groups, men and women express very different needs and behaviors regarding personal-care products. Families with young children tend to make different dining-out choices than single and married people with no children. A\u00a0consumer with a lot of prior purchasing experience in a product category might approach the decision differently from someone with no experience. As marketers gain a better understanding of these influencing factors, they can draw more accurate conclusions about consumer behavior.\r\n\r\nWe can group these influencing factors into four\u00a0sets, illustrated in the figure below:\r\n<ul>\r\n \t<li><strong>Situational Factors<\/strong>\u00a0pertain to the consumer\u2019s level of involvement in a\u00a0buying task and the market offerings that are available<\/li>\r\n \t<li><strong>Personal Factors<\/strong> are individual\u00a0characteristics and traits such as age, life stage, economic situation, and personality<\/li>\r\n \t<li><strong>Psychological Factors<\/strong> relate to the consumer\u2019s motivation, learning,\u00a0socialization, attitudes, and beliefs<\/li>\r\n \t<li><strong>Social\u00a0Factors<\/strong> pertain to the influence of culture, social class, family, and reference groups<\/li>\r\n<\/ul>\r\n<img class=\"aligncenter wp-image-9136 size-full\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/295\/2015\/12\/20180608\/IMG_InfluencingConsumerDecision1.png\" alt=\"Factors Influencing Consumer Decisions. Three levels in image from top to bottom: the factors influencing consumer decisions, the consumer, and the consumer making process. The four main factors influencing consumer decisions at the top are as follows: Situational Factors, Personal Factors, Psychological Factors, and Social Factors. Bulleted list underneath Situational Factors consists of two items: Buying Task, Market offerings. Bulleted list underneath Personal Factors consisting of four items: Demographics, Life stage, Lifestyle, and Personality. Bulleted list underneath psychological factors consists of three items: Motivation, Learning, and Attitudes and Beliefs. Bulleted list underneath Social Factors consists of four items: Culture \/ subculture, Social Class, Family, and Reference Groups. The five steps in the consumer decision making process listed at the bottom of the graphic are as follows: 1: Need Recognition, 2: Information Searching and Processing, 3: Identification and Evaluation of Alternatives, 4: Purchase Decision, and 5: Post-Purchase Behavior.\" width=\"1006\" height=\"640\" \/>\r\n\r\nEach of these factors will be discussed in greater detail in the next four readings.","rendered":"<h2>What, Exactly, Influences a Purchasing Decision?<\/h2>\n<p>While the decision-making process itself appears\u00a0quite standardized, no two people make a decision in exactly the same way. People have many beliefs and behavioral tendencies\u2014some controllable, some beyond our control. How all these factors interact with each other ensures that each of us is unique in our consumer actions and choices.<\/p>\n<p>Although it isn&#8217;t feasible for marketers to react to the complex, individual profiles of every single consumer, it is possible to identify factors that tend to influence most consumers in predictable ways.<\/p>\n<p>The factors that influence the consumer problem-solving process are many and complex. For example, as groups, men and women express very different needs and behaviors regarding personal-care products. Families with young children tend to make different dining-out choices than single and married people with no children. A\u00a0consumer with a lot of prior purchasing experience in a product category might approach the decision differently from someone with no experience. As marketers gain a better understanding of these influencing factors, they can draw more accurate conclusions about consumer behavior.<\/p>\n<p>We can group these influencing factors into four\u00a0sets, illustrated in the figure below:<\/p>\n<ul>\n<li><strong>Situational Factors<\/strong>\u00a0pertain to the consumer\u2019s level of involvement in a\u00a0buying task and the market offerings that are available<\/li>\n<li><strong>Personal Factors<\/strong> are individual\u00a0characteristics and traits such as age, life stage, economic situation, and personality<\/li>\n<li><strong>Psychological Factors<\/strong> relate to the consumer\u2019s motivation, learning,\u00a0socialization, attitudes, and beliefs<\/li>\n<li><strong>Social\u00a0Factors<\/strong> pertain to the influence of culture, social class, family, and reference groups<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-9136 size-full\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/295\/2015\/12\/20180608\/IMG_InfluencingConsumerDecision1.png\" alt=\"Factors Influencing Consumer Decisions. Three levels in image from top to bottom: the factors influencing consumer decisions, the consumer, and the consumer making process. The four main factors influencing consumer decisions at the top are as follows: Situational Factors, Personal Factors, Psychological Factors, and Social Factors. Bulleted list underneath Situational Factors consists of two items: Buying Task, Market offerings. Bulleted list underneath Personal Factors consisting of four items: Demographics, Life stage, Lifestyle, and Personality. Bulleted list underneath psychological factors consists of three items: Motivation, Learning, and Attitudes and Beliefs. Bulleted list underneath Social Factors consists of four items: Culture \/ subculture, Social Class, Family, and Reference Groups. The five steps in the consumer decision making process listed at the bottom of the graphic are as follows: 1: Need Recognition, 2: Information Searching and Processing, 3: Identification and Evaluation of Alternatives, 4: Purchase Decision, and 5: Post-Purchase Behavior.\" width=\"1006\" height=\"640\" \/><\/p>\n<p>Each of these factors will be discussed in greater detail in the next four readings.<\/p>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-3438\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li>Revision and Adaptation. <strong>Authored by<\/strong>: Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Shared previously<\/div><ul class=\"citation-list\"><li>Chapter 4: Understanding Buyer Behavior, from Introducing Marketing. <strong>Authored by<\/strong>: John Burnett. <strong>Provided by<\/strong>: Global Text. <strong>Located at<\/strong>: <a target=\"_blank\" href=\"http:\/\/solr.bccampus.ca:8001\/bcc\/file\/ddbe3343-9796-4801-a0cb-7af7b02e3191\/1\/Core%20Concepts%20of%20Marketing.pdf\">http:\/\/solr.bccampus.ca:8001\/bcc\/file\/ddbe3343-9796-4801-a0cb-7af7b02e3191\/1\/Core%20Concepts%20of%20Marketing.pdf<\/a>. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":57,"menu_order":11,"template":"","meta":{"_candela_citation":"[{\"type\":\"cc\",\"description\":\"Chapter 4: Understanding Buyer Behavior, from Introducing Marketing\",\"author\":\"John Burnett\",\"organization\":\"Global Text\",\"url\":\"http:\/\/solr.bccampus.ca:8001\/bcc\/file\/ddbe3343-9796-4801-a0cb-7af7b02e3191\/1\/Core%20Concepts%20of%20Marketing.pdf\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"},{\"type\":\"original\",\"description\":\"Revision and Adaptation\",\"author\":\"Lumen Learning\",\"organization\":\"\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"}]","CANDELA_OUTCOMES_GUID":"2ae4ae24-4636-4ee6-bbcd-1284e003519c","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-3438","chapter","type-chapter","status-publish","hentry"],"part":118,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/waymakerintromarketingxmasterfall2016\/wp-json\/pressbooks\/v2\/chapters\/3438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/waymakerintromarketingxmasterfall2016\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/waymakerintromarketingxmasterfall2016\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/waymakerintromarketingxmasterfall2016\/wp-json\/wp\/v2\/users\/57"}],"version-history":[{"count":24,"href":"https:\/\/courses.lumenlearning.com\/waymakerintromarketingxmasterfall2016\/wp-json\/pressbooks\/v2\/chapters\/3438\/revisions"}],"predecessor-version":[{"id":9135,"href":"https:\/\/courses.lumenlearning.com\/waymakerintromarketingxmasterfall2016\/wp-json\/pressbooks\/v2\/chapters\/3438\/revisions\/9135"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/waymakerintromarketingxmasterfall2016\/wp-json\/pressbooks\/v2\/parts\/118"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/waymakerintromarketingxmasterfall2016\/wp-json\/pressbooks\/v2\/chapters\/3438\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/waymakerintromarketingxmasterfall2016\/wp-json\/wp\/v2\/media?parent=3438"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/waymakerintromarketingxmasterfall2016\/wp-json\/pressbooks\/v2\/chapter-type?post=3438"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/waymakerintromarketingxmasterfall2016\/wp-json\/wp\/v2\/contributor?post=3438"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/waymakerintromarketingxmasterfall2016\/wp-json\/wp\/v2\/license?post=3438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}