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      <title>MKT1014 Workshop 4 by Kimberley Khoo</title>
      <link>https://padlet.com/kimberleyk/MKT1014_W4</link>
      <description>Q1: How many stages in the buyer decision process?

Q2: Name each of the stages.

Q3: What does each of the stages represent in the eyes of marketers? </description>
      <language>en-us</language>
      <pubDate>2019-04-22 15:51:16 UTC</pubDate>
      <lastBuildDate>2019-04-23 04:46:17 UTC</lastBuildDate>
      <webMaster>hello@padlet.com</webMaster>
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         <title>BLACK PINK IN THE AREA! LETS KILL THIS LOVE</title>
         <author>adrianlim0707</author>
         <link>https://padlet.com/kimberleyk/MKT1014_W4/wish/353216055</link>
         <description><![CDATA[<div>Q1) There are five stages in the buyer decision process<br><br>Q2) The first stage is Problem Recognition, second stage is Information Research, third stage is Evaluation Alternative, fourth stage is Purchase Decision, fifth stage is Post Purchase.<br><br>Q3) Stage 1 is that they will produce a product services that meet customers needs. For example, they will do some survey in social media or based environmental factors to get the customers needs. Stage 2  is that they need to produce n accurate information about the products/services so that consumer will be attracted. Eg: Airbnb, the owner has to upload some clean and clear pictures of their unit before they would rent it to customers. Stage 3 is that they will need to produce an unique product to satistfied their need based on the survey. For example, Adidas produce some trending and fashionable shoe for sneaker collectors to enlarge their heart of collection. Stage 4 is that they will set a suitable price range for consumers. For example, making promotion or package deals, giving out vouchers and discounts. Stage 5 is that they will put more concern on customer feedback so that their company will improve. Eg, consumer will submit some feedback from the </div>]]></description>
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         <pubDate>2019-04-23 01:19:49 UTC</pubDate>
         <guid>https://padlet.com/kimberleyk/MKT1014_W4/wish/353216055</guid>
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      <item>
         <title>Xiang Jiao</title>
         <author></author>
         <link>https://padlet.com/kimberleyk/MKT1014_W4/wish/353216203</link>
         <description><![CDATA[<div>Q1) Five Stages<br><br>Q2) Need Recognition, information search, Evaluation of Alternatives, Purchase Decision, Postpurchase Behaviour.<br><br>Q3) <br>Need Recognition:<br>The stage where consumers identify the disconnection between what they have and what they need. This stage can be instigated either through an external or internal stimuli. To marketers, this is the stage where they can identify consumer demands. For example, consumers today are now more aware of the importance of environmental preservation. They realise that currently we are using fossil fuel for energy, which is polluting the environment. So they are now demanding for a more sustainable alternative. From this, marketers can determine what is it that consumers want and what kind of product or service they need to provide.<br><br>Information Search:<br>This is the stage where companies brainstorm and determine the specifics of the industry, product or service and resources that they need in order to fulfill those demands. Marketers in this stage would conduct field research and market evaluation to determine the correct marketing strategy in order to sell their product or service effectively. For example, marketers can do surveys by asking common consumers some questions regarding the product or service that they are demanding. <br><br>Evaluation of Alternative: <br><br>In this process, consumers will evaluate the industry and find out which brands suits them best. As a marketer, this is the stage where they assess their competitors and determine what are their strengths and weaknesses (SWOT Analysis) and determine how they can improve their marketing plan to gain an advantage. For example, when marketers find out that their competitors are using television ads to advertise their product or service, marketers could then opt to use a different and a more effective approach like using celebrity endorsements to [promote their product.<br><br>Purchase Decision:<br><br>In this process, consumers determine which brand they should purchase from. Some products are quite straightforward such as toothpaste, which does not require much thought process. However, some products such as cars, which requires a higher involvement, would make the purchase decision process more difficult. The higher the involvement, the harder the purchase decision process. As a marketer, it is their duty to make it easier for consumers to make a decision. This can be done by providing discounts, promotions, easy payment plans or by highlighting the benefits of their own product or service that other brands do not have. <br><br>Post Purchase Behavior:<br><br></div>]]></description>
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         <pubDate>2019-04-23 01:20:57 UTC</pubDate>
         <guid>https://padlet.com/kimberleyk/MKT1014_W4/wish/353216203</guid>
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         <title>Right 4th row </title>
         <author></author>
         <link>https://padlet.com/kimberleyk/MKT1014_W4/wish/353216260</link>
         <description><![CDATA[<div>1)5 stages<br>2)Problem recognition, Information Search, Evaluation of alternatives, Purchase decision, Post purchase behavior.<br>3)Problem Recognition- Understanding and fulfilling the need of the market by providing to their needs. Ex: Innovation of airpods satisfy the needs of consumer by providing wireless earphones to improve their lifestyle, especially for athletes who prefer training with music<br>Information Search-Recognizing the attitude and behavior from both internal and external environmental factors to shape the marketing approach. Marketers have to gather information to understand consumer needs.For example, fashion designer usually does market research to understand consumers current fashion preference and taste<br>Evaluation of alternatives- Forming several approaches to reach to consumers and applying the most suitable one to satisfy their needs<br>Purchase decision- Understanding the factors when it comes to purchasing decision to influence them towards the targeted product<br>Post purchase perspective- Taking in and evaluating feedback from customers who have bought the products to further improve the product to satisfy their future needs.</div>]]></description>
         <enclosure url="" />
         <pubDate>2019-04-23 01:21:26 UTC</pubDate>
         <guid>https://padlet.com/kimberleyk/MKT1014_W4/wish/353216260</guid>
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      <item>
         <title>YINNNNNYINNNNN</title>
         <author></author>
         <link>https://padlet.com/kimberleyk/MKT1014_W4/wish/353216310</link>
         <description><![CDATA[<div>Q1)There are five stages.<br>Q2) Stage one: Recognition of problem or need.<br>Stage two: Search for information<br>Stage three: Evaluation of  alternatives<br>Stage four: Purchase<br>Stage five: Post-purchase behavior<br>Q3) S1: Consumers are aware of their problem or need. For example,   needs include food, shelter, transportation, wealth, power, and social status. <br>S2: Consumers research on the item that is new for them. For example, consumers use website and compare on few different products that they are interested.<br>S3: Consumers compare on few aspects. For example, consumers compare on few laptops before buying<br>S4: Consumers final decision on purchasing the product they prefer after evaluation. For example, consumers buy the laptop that they prefer after the research they made. <br>S5: Consumers make remarks on the item they bought. For example, satisfied or disappointed on the product they bought</div>]]></description>
         <enclosure url="" />
         <pubDate>2019-04-23 01:21:39 UTC</pubDate>
         <guid>https://padlet.com/kimberleyk/MKT1014_W4/wish/353216310</guid>
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         <title>Nephew</title>
         <author></author>
         <link>https://padlet.com/kimberleyk/MKT1014_W4/wish/353216342</link>
         <description><![CDATA[<div>Q1) There are 5 stages in the buyer decision. <br>Q2) Firstly there is Need recognition then information process then evaluation of alternatives then purchase decision and finally post purchase <br>Q3)  Need Recognition - Finding out the need of consumers in the market. Example: companies research about the needs and wants of a consumer through ways such as surveys and questionnaires and many other modes <br>Information research -  This is when a company decide what and how to fulfil the demands.<br><br><br></div>]]></description>
         <enclosure url="" />
         <pubDate>2019-04-23 01:21:51 UTC</pubDate>
         <guid>https://padlet.com/kimberleyk/MKT1014_W4/wish/353216342</guid>
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      <item>
         <title>vmw</title>
         <author>yingjie0219</author>
         <link>https://padlet.com/kimberleyk/MKT1014_W4/wish/353216489</link>
         <description><![CDATA[<div>Q1 There are 5 stages in the buyer decision process.<br>Q2 Stage 1: Need recognition, Stage 2: Information search, Stage 3: Evaluation of alternatives, Stage 4: Purchase decision, Stage 5: Postpurchase behavior <br>Q3: Need recognition: Company has to recognize the market needs. For example, <br>Stage 1 : Company has to do some research to fulfill the market needs. E.g.: company needs to do some research to understand the needs of the market.<br>Stage 2: Company will have to let the market know about their new product through advertising or website.<br>Stage 3: </div>]]></description>
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         <pubDate>2019-04-23 01:22:52 UTC</pubDate>
         <guid>https://padlet.com/kimberleyk/MKT1014_W4/wish/353216489</guid>
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      <item>
         <title>Happy Birthday Yin Yin</title>
         <author></author>
         <link>https://padlet.com/kimberleyk/MKT1014_W4/wish/353216565</link>
         <description><![CDATA[<div>1.) 5<br>2.) Need Recognition, Information search, Evaluation of alternative, Purchase decision, Postpurchase behaviour <br>3.) </div>]]></description>
         <enclosure url="" />
         <pubDate>2019-04-23 01:23:16 UTC</pubDate>
         <guid>https://padlet.com/kimberleyk/MKT1014_W4/wish/353216565</guid>
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      <item>
         <title></title>
         <author></author>
         <link>https://padlet.com/kimberleyk/MKT1014_W4/wish/353217692</link>
         <description><![CDATA[<div>Meek Mill<br><br>Q1. 5 stages<br>Q2. Need recognition, information search, evaluation of alternatives, purchase decision, post purchase behaviour<br>Q3. Need recognition - marketers recognise the demands or needs of consumers. E.g: Innovating to create a product/service that suits consumers’ needs<br>Information search - </div>]]></description>
         <enclosure url="" />
         <pubDate>2019-04-23 01:29:58 UTC</pubDate>
         <guid>https://padlet.com/kimberleyk/MKT1014_W4/wish/353217692</guid>
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      <item>
         <title>Pink Black yay !!!</title>
         <author></author>
         <link>https://padlet.com/kimberleyk/MKT1014_W4/wish/353218151</link>
         <description><![CDATA[<div>Question 1: There are 5 stages in the buyer decision process. <br>Question 2: Problem recognition, information research, valuation of alternatives, purchase decision and postpurchase behavior. <br>Question 3: At the first stage, marketers are focusing on brand recognition by understanding consumer needs and wants. Eg: The Body Shop - sustainable skincare and natural ingredients.<br> Secondly, marketers have to present their information through accessible platforms. <br>Eg: brochures, social media, online promotions, billboards, newsletters<br>Thirdly, marketers have to create brand value that separate themselves from the competitors.<br>Eg: Body Shop has a better price point than competitors such as Loccitane , Yves Rocher<br>Marketers have to come out with several transaction methods which are easy and convenient for the consumers.<br>Eg: In Shop purchase or online purchase <br>Lastly , the product must deliver satisfaction to the customer ( along with good pricing and product quality) in order to create brand loyalty and sustain brand image for potential repurchase. Eg: good pricing and product quality is maintained. </div>]]></description>
         <enclosure url="" />
         <pubDate>2019-04-23 01:32:45 UTC</pubDate>
         <guid>https://padlet.com/kimberleyk/MKT1014_W4/wish/353218151</guid>
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      <item>
         <title>Pey Wen</title>
         <author></author>
         <link>https://padlet.com/kimberleyk/MKT1014_W4/wish/353218646</link>
         <description><![CDATA[<div>1) There are 5 stages in the buyer decision process. <br>2) The first stage of buyer decision process is needing recognition. It is triggered by either internal stimuli or external stimuli. Internal stimuli is triggered when one is hungry or thirsty, while external stimuli is introduced through advertising or word of mouth. The second stage is information search. This requires buyer’s effort to search internal and external business environment. They will then evaluate the sources and identify the best solutions. The third buyer decision process is evaluation of alternatives. Buyers will evaluate the different products to find out which product has the ability to deliver benefits to the buyer. The forth stage is purchase decision. Purchase decisions may be disrupted by two negative factors; negative feedback from customers and the level of motivation to accept the feedback. At this point of the stage, negative feedback from previous buyers may affect the possible buyer’s decision to purchase the product. The last stage of buyer decision process is post purchase behaviour. Buyers who has already made the purchase will compare the products with their previous expectations. They will be either satisfied or not satisfied. <br>3) Need recognition: This is the stage where the marketers research the consumers. The aim to researching is to find out what kind of problem or need arise, by what stimuli they are caused and how they lead the consumer to a specific product. For instance, to travel one does not need a private owned car. Alternatives such as shuttle bus, bicycle and private commuters are available for for consumers to travel. <br>Information search: <br>Evaluation of alternative :<br>Purchase decision:<br>Post purchase behaviour:</div>]]></description>
         <enclosure url="" />
         <pubDate>2019-04-23 01:35:50 UTC</pubDate>
         <guid>https://padlet.com/kimberleyk/MKT1014_W4/wish/353218646</guid>
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      <item>
         <title>Untitled</title>
         <author></author>
         <link>https://padlet.com/kimberleyk/MKT1014_W4/wish/353219877</link>
         <description><![CDATA[<div>Q1. There are five stages in the buyer decision process.<br><br>Q2. - Problem recognition<br>       - Information Search<br>       - Evaluation of the alteratives<br>       - Purchasing decisions<br>       - Post purchase behaviour<br><br>Q3. The buying decision process begins when a consumer realizes they have a need. They become aware they have a problem they want to solve or a gap they want to fill.</div><div>At this point, the customer may or may not know what will solve their problem. They may only be aware that they want to change their reality or situation. Or they may have an idea about what will help them but are not quite sure which brand, product or services. In the eyes of the marketers, it is an opportunity to identify the customers first-hand.<br><br>Ex. When a mobile phone is a broken and a customer is need for one and looking, marketers have to identify those specific group of people and target a mobile phone for then that they need.<br><br>The next phase of the buying decision process begins when the customer starts looking for information that will help them solve their problem. They know they need something to fix their situation but aren’t sure which solution is best for them. Here, marketers can target customers through search engines and social media so that their respective products or services can be reached to them more effectively.<br><br>Ex. Marketers can target social media and other outlets to promote their product and services.<br><br>Once the initial information search is complete, customers start reflecting on what they learned or discovered. They begin to evaluate their options to determine which is the best solution for their problem. During this phase, Marketers can promote their products alongside their competition, showing consumers what they are missing out on. This in return will make the consumers decision being strong towards a product or a service being offered by that company.<br><br>Ex. Marketers can make and look their product or services attractive compared to the alternatives in question.<br><br>At this point of the buying decision process, the customer is ready to pull the trigger and make a purchase. They have made their decision about which product, service, brand, or solution is best for them, and they are ready to buy. This is the most important step as it's the trigger point. Marketers should be keen to make sure consumers follow through with this as this in the end will define whether a product or service is purchasable.<br><br>Ex. The most important thing to do here is to make sure the customer follows through with the purchase. So it is important to make sure the customer gets all the knowledge on the product they are buying and assuring them that they will be satisfied with it.<br><br>At the last step of the five-stage consumer decision-making process, the path to buying is complete. The customer has made a purchase. But that doesn’t mean the customer journey is complete. Now is the time when the customer reflects on whether they made the right decision. Marketers here have to make sure that their products are good enough for the consumers and make sure to tend to any of the problems or issues they have with it. <br><br>Ex. Customer service is the key aspects that define a good company and how well a company treats their customers. This in turn will increase their brand image as well as popularity among more markets.<br><br><br><br></div>]]></description>
         <enclosure url="" />
         <pubDate>2019-04-23 01:43:57 UTC</pubDate>
         <guid>https://padlet.com/kimberleyk/MKT1014_W4/wish/353219877</guid>
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      <item>
         <title>Bubble bob</title>
         <author>180351471</author>
         <link>https://padlet.com/kimberleyk/MKT1014_W4/wish/353245272</link>
         <description><![CDATA[<div>Q1 : There are 5 stages of buying processes<br><br>Q2 ：The first stage is Problem recognition, 2nd stage is information research, 3rd stage is evolution of the  alternative, 4th stage is purchase decision and lastly is post purchase behaviour <br><br>Q3 ：<br>Problem recognition <br>*Recognizing what the consumers need<br>*The used may from internal stimuli or external stimuli<br>*Internal Stimuli refers to hunger, thirst on the otherhand external stimuli refers to word of math, advertisements.<br><br>Information Research<br>*A careful consideration of study regarding a particular concern or a problem scientific method<br>*In order to find the best solution consumers research through online resources, print, or word of mouth.<br><br>Evolution of the alternative <br>*Time and money costs <br>*How much information the consumers already have<br>*The amount of the perceived risk if a wrong selection is made<br><br>Purchase decision<br>*A business attempting to acquire goods and services to accomplish its goals<br>*Purchase decision can be disrupted by two factors.<br>Factors 1 : Negative feedback of others and our level of motivation to comply or accept the feedback<br>Factors 2 : The decision may be distrupted due to loss of job or retail closing down.<br><br><br>Post purchase behaviour <br>*The react of customer that they like or dislike, preferences and attitude and satisfaction towards the product.<br><br><br><br></div>]]></description>
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         <pubDate>2019-04-23 04:42:22 UTC</pubDate>
         <guid>https://padlet.com/kimberleyk/MKT1014_W4/wish/353245272</guid>
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