Marketing Inteligence Essay Example | Topics and Well Written Essays - 2250 words

Marketing Inteligence - Essay ExampleThis is a stage whereby a consumer realizes that he needs wisefangled clothes for example. The next stage is information search whereby the consumer analyzes all the possible companies selling clothes such as Tesco and its competitors. The alternative evaluation stage is the third base stage in which the consumer evaluates the quality of clothes and prices charged by various companies. For example, a consumer can compare the prices of Asda and those of Tesco. In the fourth stage, purchase decision, the consumer makes his decision on which store to purchase clothes from and goes for the company that offers quality clothes at affordable prices. The last stage is post-purchase behavior whereby the consumer analyzes if the clothes he purchased from Tesco for example agreeable his needs or not and taken relevant actions.Maslows theory of needs- This theory outlines that individual have certain needs that he needs to satiate all through his life. I n the acquire behaviors of consumers, they first consider satisfying the most urgent needs necessary for their survival and good living (Kelly, 2002). Consumers get moving with satisfying basic needs then safety needs followed by social needs then self-esteem needs and lastly self-actualization needs.Diffusion of creative activity theory- This theory outlines how advancements such as new technologies spread throughout cultures and societies from introduction to wider adoption. The costs, accessibility and familiarity with the technological change influence that buying behavior of consumers (Lehman, Ramsey and David, 2000). If the cost of new advanced products and services is much higher than those of the old ones, consumers will prefer purchasing the old ones since they satisfy the same needs.Cultural and religious factors- The consumers buying behavior is highly influenced by the cultural and religious beliefs of a consumer. For example Muslims cannot purchase pork products bein g offered by