Consumer and Business Buyer Behavior. Chapter 5. Road Map: Previewing the Concepts. Understand the consumer market and the major factors that influence consumer buyer behavior. Identify and discuss the stages in the buyer decision process.
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Contains far fewer but larger buyers.
Customers are more geographically concentrated.
Business demand is derived from consumer demand.Business Markets
Business buying process tends to be more formalized.
Buyers and sellers are much more dependent on each other.Types of Decisions and the Decision Process
Not a fixed and formally identified unit.
Membership will vary for different products and buying situations.Participants in the Business Buying Process