Marketing Reading: Consumer Behavior and the Buying Process

Core Curriculum Readings in Marketing cover fundamental concepts, theories, and frameworks in marketing. For classroom use in higher education, this Reading is accompanied by a Teaching Note, test bank, and exhibit slides. "Consumer Behavior and the Buying Process" describes and analyzes 4 frameworks for understanding how consumers make decisions: cognitive versus emotional, high-involvement versus low-involvement, optimizing versus "satisficing," and compensatory versus noncompensatory decision making. This Core Curriculum Reading then presents the activities that occur during the 3 phases in the consumer buying process: pre-purchase, purchase, and post-purchase. It also analyzes consumer decision-making units, including roles played within such units, such as buyer, influencer, gatekeeper, and approver. The Reading includes an in-depth example of how a pharmaceutical company analyzed decision-making processes and decision-making units to develop marketing campaigns for a new product. It concludes with an exploration of 3 developments that profoundly affect consumers' decision-making process and units: social media, co-creation and customer involvement, and "conscience" marketing. Ultimately, this Reading prepares students to become marketers who can design effective advertising and marketing campaigns for products and services.

• Customer analysis
• Marketing strategy
• Consumer behavior
• Social marketing