SlideShare une entreprise Scribd logo
1  sur  7
Introduction
Industrial buying are subject to many
influences. Some marketers assume that the
major influences are economic. They think
buyers will favor the suppliers who offers the
lowest price or the best product or the most
service. There are some major influences listed
below.
Major Factors Influencing Industrial
Buying
•
•
•
•

Environmental
Organizational
Interpersonal
Individual
Environmental

Organizational Factors

Interpersonal

Individual

• Economic
Developments
• Technological
Changes
• Political and
Regulatory
developments
• Competitive
developments
• Culture and
Customs

•
•
•
•

•
•
•
•

•
•
•
•
•
•

Objectives
Policies
Procedures
Organizational
Structure
• Systems

Authority
Status
Empathy
Persuasiveness

Age
Income
Education
Job Position
Personality
Attitudes
Environmental Factors
Business buyers are heavily influenced by factors
in the current and expected economic
environment , such as level of primary demand ,
the economic outlook etc. Business buyers are
also affected by technological , political and
competitive developments in the environment .
The business buyers must watch these factors ,
determine how they will affect the buyer and
try to turn these challenges into opportunities.
Organizational Factors
Each buying organization has its own objectives ,
policies , procedures , structure and systems and
the business marketer must understand these
factors well. Questions can arise : how many
people are involved in the buying decision ?;
who are they ? What are the evaluative criteria ?
What are the company’s policies and limits on
its buyers ?
Interpersonal Factors
The buying center usually includes many
participants who influence each other , so
interpersonal factors also influence the business
buying process. Participants may influence the
buying decision process because they control
rewards and punishments , are well liked , have
a special relationship with other important
participants. Business marketers must try to
understand these factors and design strategies
that take them into account
Individual Factors
Each participants in the business buying decision
process brings in personal motives , perceptions
and preferences. These individual factors are
affected by personal characteristics such as age
income ,education , professional identification ,
personality and attitudes towards risks.

Contenu connexe

Tendances

Levels of product Offering.
Levels of product Offering.Levels of product Offering.
Levels of product Offering.Rizwan Khan
 
Service Product Development
Service Product DevelopmentService Product Development
Service Product DevelopmentArjun Rajan
 
New service development
New service developmentNew service development
New service developmentVijyata Singh
 
Service marketing introduction, , classification and challenges
Service marketing introduction,  , classification and challengesService marketing introduction,  , classification and challenges
Service marketing introduction, , classification and challengesPROF.JITENDRA PATEL
 
INDUSTRIAL MARKETING
INDUSTRIAL MARKETINGINDUSTRIAL MARKETING
INDUSTRIAL MARKETINGPeter vinosh
 
Buyer behaviour
Buyer behaviourBuyer behaviour
Buyer behaviourosmawati
 
Methods of pricing services
Methods of pricing servicesMethods of pricing services
Methods of pricing servicesRishith Prakash
 
Introduction to consumer behavior
Introduction to consumer behaviorIntroduction to consumer behavior
Introduction to consumer behaviorPuspanjali Bhandari
 
Demand and Supply in service marketing
Demand and Supply in service marketingDemand and Supply in service marketing
Demand and Supply in service marketinganju2014
 
Consumer behavior in service
Consumer behavior in serviceConsumer behavior in service
Consumer behavior in serviceDr. Sneha Sharma
 
Consumer Behaviour -Family, social class & life cycle
Consumer Behaviour -Family, social class & life cycleConsumer Behaviour -Family, social class & life cycle
Consumer Behaviour -Family, social class & life cyclerainbowlink
 
Channels of distribution
Channels of distributionChannels of distribution
Channels of distributionByju Antony
 
Service market segmentation and targeting
Service market segmentation and targetingService market segmentation and targeting
Service market segmentation and targetingManvi Sehgal
 

Tendances (20)

Levels of product Offering.
Levels of product Offering.Levels of product Offering.
Levels of product Offering.
 
Classification of services
Classification of servicesClassification of services
Classification of services
 
Service Product Development
Service Product DevelopmentService Product Development
Service Product Development
 
Service marketing environment
Service marketing environmentService marketing environment
Service marketing environment
 
Classification of industrial product
Classification of industrial productClassification of industrial product
Classification of industrial product
 
New service development
New service developmentNew service development
New service development
 
Service marketing introduction, , classification and challenges
Service marketing introduction,  , classification and challengesService marketing introduction,  , classification and challenges
Service marketing introduction, , classification and challenges
 
INDUSTRIAL MARKETING
INDUSTRIAL MARKETINGINDUSTRIAL MARKETING
INDUSTRIAL MARKETING
 
Buyer behaviour
Buyer behaviourBuyer behaviour
Buyer behaviour
 
Service marketing mix
Service marketing mixService marketing mix
Service marketing mix
 
Rural consumer behaviour
Rural consumer behaviourRural consumer behaviour
Rural consumer behaviour
 
Methods of pricing services
Methods of pricing servicesMethods of pricing services
Methods of pricing services
 
Introduction to consumer behavior
Introduction to consumer behaviorIntroduction to consumer behavior
Introduction to consumer behavior
 
Demand and Supply in service marketing
Demand and Supply in service marketingDemand and Supply in service marketing
Demand and Supply in service marketing
 
Sales Organisation
Sales OrganisationSales Organisation
Sales Organisation
 
Consumer behavior in service
Consumer behavior in serviceConsumer behavior in service
Consumer behavior in service
 
Opportunities in Retail Sector
Opportunities in Retail SectorOpportunities in Retail Sector
Opportunities in Retail Sector
 
Consumer Behaviour -Family, social class & life cycle
Consumer Behaviour -Family, social class & life cycleConsumer Behaviour -Family, social class & life cycle
Consumer Behaviour -Family, social class & life cycle
 
Channels of distribution
Channels of distributionChannels of distribution
Channels of distribution
 
Service market segmentation and targeting
Service market segmentation and targetingService market segmentation and targeting
Service market segmentation and targeting
 

Similaire à Factors influencing industrial buying (ism)

Characteristics of bussiness buye behaviour - Gowdham
Characteristics of  bussiness buye behaviour - GowdhamCharacteristics of  bussiness buye behaviour - Gowdham
Characteristics of bussiness buye behaviour - GowdhamGowdham P
 
Lesson 4 OMTE 001 Environments And Strategic Management.pptx
Lesson 4 OMTE 001 Environments And Strategic Management.pptxLesson 4 OMTE 001 Environments And Strategic Management.pptx
Lesson 4 OMTE 001 Environments And Strategic Management.pptxRodantesRivera3
 
Transport planning & policy
Transport planning & policyTransport planning & policy
Transport planning & policy旭腾 彭
 
strategic management - SWOT analysis
strategic management - SWOT analysisstrategic management - SWOT analysis
strategic management - SWOT analysisAditi Hardiya
 
REVISION CIA 1 BUSINESS ENVIRONMENT.pptx
REVISION CIA 1 BUSINESS ENVIRONMENT.pptxREVISION CIA 1 BUSINESS ENVIRONMENT.pptx
REVISION CIA 1 BUSINESS ENVIRONMENT.pptxramidhavsclas
 
Consumer&business buying behavior
Consumer&business buying  behaviorConsumer&business buying  behavior
Consumer&business buying behaviorManish Parihar
 
Analyzing customer & business market
Analyzing customer & business marketAnalyzing customer & business market
Analyzing customer & business marketArdha
 
environmental-scanning-ppt-170611082409.pdf
environmental-scanning-ppt-170611082409.pdfenvironmental-scanning-ppt-170611082409.pdf
environmental-scanning-ppt-170611082409.pdfsompweblessings
 
Environmental scanning-ppt
Environmental scanning-pptEnvironmental scanning-ppt
Environmental scanning-ppt16119843
 
Business environment BBA(CAM) 201
Business environment BBA(CAM)  201Business environment BBA(CAM)  201
Business environment BBA(CAM) 201cpjcollege
 
Class 1 intro BE.pptx
Class 1 intro BE.pptxClass 1 intro BE.pptx
Class 1 intro BE.pptxssuser6199b7
 
Business Environment and Analysis.pdf
Business Environment and Analysis.pdfBusiness Environment and Analysis.pdf
Business Environment and Analysis.pdfVirdha Puspita
 
the marketing environment
the marketing environmentthe marketing environment
the marketing environmentclincy cleetus
 
Business Environment
Business EnvironmentBusiness Environment
Business Environmentvip1233
 
Business Environment
Business EnvironmentBusiness Environment
Business EnvironmentChhavi Jain
 
Gbe & ibe comp ltd
Gbe & ibe  comp ltdGbe & ibe  comp ltd
Gbe & ibe comp ltdHtun Aung Zaw
 
Slides2 Consumer Behaviour
Slides2 Consumer BehaviourSlides2 Consumer Behaviour
Slides2 Consumer Behaviourajithsrc
 
external analysis0000000000000000 .pptx
external analysis0000000000000000  .pptxexternal analysis0000000000000000  .pptx
external analysis0000000000000000 .pptxMadan Karki
 

Similaire à Factors influencing industrial buying (ism) (20)

Characteristics of bussiness buye behaviour - Gowdham
Characteristics of  bussiness buye behaviour - GowdhamCharacteristics of  bussiness buye behaviour - Gowdham
Characteristics of bussiness buye behaviour - Gowdham
 
Lesson 4 OMTE 001 Environments And Strategic Management.pptx
Lesson 4 OMTE 001 Environments And Strategic Management.pptxLesson 4 OMTE 001 Environments And Strategic Management.pptx
Lesson 4 OMTE 001 Environments And Strategic Management.pptx
 
Transport planning & policy
Transport planning & policyTransport planning & policy
Transport planning & policy
 
strategic management - SWOT analysis
strategic management - SWOT analysisstrategic management - SWOT analysis
strategic management - SWOT analysis
 
REVISION CIA 1 BUSINESS ENVIRONMENT.pptx
REVISION CIA 1 BUSINESS ENVIRONMENT.pptxREVISION CIA 1 BUSINESS ENVIRONMENT.pptx
REVISION CIA 1 BUSINESS ENVIRONMENT.pptx
 
Business environment
Business environment Business environment
Business environment
 
Consumer&business buying behavior
Consumer&business buying  behaviorConsumer&business buying  behavior
Consumer&business buying behavior
 
Analyzing customer & business market
Analyzing customer & business marketAnalyzing customer & business market
Analyzing customer & business market
 
environmental-scanning-ppt-170611082409.pdf
environmental-scanning-ppt-170611082409.pdfenvironmental-scanning-ppt-170611082409.pdf
environmental-scanning-ppt-170611082409.pdf
 
Environmental scanning-ppt
Environmental scanning-pptEnvironmental scanning-ppt
Environmental scanning-ppt
 
Business environment BBA(CAM) 201
Business environment BBA(CAM)  201Business environment BBA(CAM)  201
Business environment BBA(CAM) 201
 
Class 1 intro BE.pptx
Class 1 intro BE.pptxClass 1 intro BE.pptx
Class 1 intro BE.pptx
 
Business Environment and Analysis.pdf
Business Environment and Analysis.pdfBusiness Environment and Analysis.pdf
Business Environment and Analysis.pdf
 
the marketing environment
the marketing environmentthe marketing environment
the marketing environment
 
Business Environment
Business EnvironmentBusiness Environment
Business Environment
 
Business Environment
Business EnvironmentBusiness Environment
Business Environment
 
Marketing environment
Marketing environmentMarketing environment
Marketing environment
 
Gbe & ibe comp ltd
Gbe & ibe  comp ltdGbe & ibe  comp ltd
Gbe & ibe comp ltd
 
Slides2 Consumer Behaviour
Slides2 Consumer BehaviourSlides2 Consumer Behaviour
Slides2 Consumer Behaviour
 
external analysis0000000000000000 .pptx
external analysis0000000000000000  .pptxexternal analysis0000000000000000  .pptx
external analysis0000000000000000 .pptx
 

Plus de Dr. Chandra Shekhar Singh

10 M.S. Dhoni quotes that prove you should #LoveWhatYouDo
10 M.S. Dhoni quotes that prove you should #LoveWhatYouDo10 M.S. Dhoni quotes that prove you should #LoveWhatYouDo
10 M.S. Dhoni quotes that prove you should #LoveWhatYouDoDr. Chandra Shekhar Singh
 

Plus de Dr. Chandra Shekhar Singh (20)

10 M.S. Dhoni quotes that prove you should #LoveWhatYouDo
10 M.S. Dhoni quotes that prove you should #LoveWhatYouDo10 M.S. Dhoni quotes that prove you should #LoveWhatYouDo
10 M.S. Dhoni quotes that prove you should #LoveWhatYouDo
 
25 motivational posters
25 motivational posters25 motivational posters
25 motivational posters
 
Business cycle
Business cycleBusiness cycle
Business cycle
 
Effective communication
Effective communicationEffective communication
Effective communication
 
Basic concept of research
Basic concept of researchBasic concept of research
Basic concept of research
 
Management Lesson from 3 idiots Movie
Management Lesson from 3 idiots MovieManagement Lesson from 3 idiots Movie
Management Lesson from 3 idiots Movie
 
Stock Exchange of India
Stock Exchange of IndiaStock Exchange of India
Stock Exchange of India
 
Unemployment in india
Unemployment in indiaUnemployment in india
Unemployment in india
 
Environmental factors
Environmental factorsEnvironmental factors
Environmental factors
 
Industrial policy
Industrial policyIndustrial policy
Industrial policy
 
Economic environment
Economic environmentEconomic environment
Economic environment
 
Environmental factors
Environmental factorsEnvironmental factors
Environmental factors
 
Reasons for growth of service sector
Reasons  for growth of service sectorReasons  for growth of service sector
Reasons for growth of service sector
 
Characteristics of services
Characteristics of servicesCharacteristics of services
Characteristics of services
 
Introduction to services
Introduction to servicesIntroduction to services
Introduction to services
 
Industrial purchasing system
Industrial purchasing systemIndustrial purchasing system
Industrial purchasing system
 
Pricing across product life cycle
Pricing across product life cyclePricing across product life cycle
Pricing across product life cycle
 
Managing industrial product line
Managing industrial product lineManaging industrial product line
Managing industrial product line
 
Concept of buying motives
Concept of buying motivesConcept of buying motives
Concept of buying motives
 
Buying roles
Buying rolesBuying roles
Buying roles
 

Dernier

9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 Delhi
9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 Delhi9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 Delhi
9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 DelhiCall Girls in Delhi
 
VIP Call Girls In Saharaganj ( Lucknow ) 🔝 8923113531 🔝 Cash Payment (COD) 👒
VIP Call Girls In Saharaganj ( Lucknow  ) 🔝 8923113531 🔝  Cash Payment (COD) 👒VIP Call Girls In Saharaganj ( Lucknow  ) 🔝 8923113531 🔝  Cash Payment (COD) 👒
VIP Call Girls In Saharaganj ( Lucknow ) 🔝 8923113531 🔝 Cash Payment (COD) 👒anilsa9823
 
Grateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdfGrateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdfPaul Menig
 
Understanding the Pakistan Budgeting Process: Basics and Key Insights
Understanding the Pakistan Budgeting Process: Basics and Key InsightsUnderstanding the Pakistan Budgeting Process: Basics and Key Insights
Understanding the Pakistan Budgeting Process: Basics and Key Insightsseri bangash
 
Call Girls in Gomti Nagar - 7388211116 - With room Service
Call Girls in Gomti Nagar - 7388211116  - With room ServiceCall Girls in Gomti Nagar - 7388211116  - With room Service
Call Girls in Gomti Nagar - 7388211116 - With room Servicediscovermytutordmt
 
Best Basmati Rice Manufacturers in India
Best Basmati Rice Manufacturers in IndiaBest Basmati Rice Manufacturers in India
Best Basmati Rice Manufacturers in IndiaShree Krishna Exports
 
The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...
The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...
The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...Aggregage
 
The Coffee Bean & Tea Leaf(CBTL), Business strategy case study
The Coffee Bean & Tea Leaf(CBTL), Business strategy case studyThe Coffee Bean & Tea Leaf(CBTL), Business strategy case study
The Coffee Bean & Tea Leaf(CBTL), Business strategy case studyEthan lee
 
Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...Roland Driesen
 
Call Girls Jp Nagar Just Call 👗 7737669865 👗 Top Class Call Girl Service Bang...
Call Girls Jp Nagar Just Call 👗 7737669865 👗 Top Class Call Girl Service Bang...Call Girls Jp Nagar Just Call 👗 7737669865 👗 Top Class Call Girl Service Bang...
Call Girls Jp Nagar Just Call 👗 7737669865 👗 Top Class Call Girl Service Bang...amitlee9823
 
Progress Report - Oracle Database Analyst Summit
Progress  Report - Oracle Database Analyst SummitProgress  Report - Oracle Database Analyst Summit
Progress Report - Oracle Database Analyst SummitHolger Mueller
 
A305_A2_file_Batkhuu progress report.pdf
A305_A2_file_Batkhuu progress report.pdfA305_A2_file_Batkhuu progress report.pdf
A305_A2_file_Batkhuu progress report.pdftbatkhuu1
 
RSA Conference Exhibitor List 2024 - Exhibitors Data
RSA Conference Exhibitor List 2024 - Exhibitors DataRSA Conference Exhibitor List 2024 - Exhibitors Data
RSA Conference Exhibitor List 2024 - Exhibitors DataExhibitors Data
 
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service AvailableCall Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service AvailableDipal Arora
 
Value Proposition canvas- Customer needs and pains
Value Proposition canvas- Customer needs and painsValue Proposition canvas- Customer needs and pains
Value Proposition canvas- Customer needs and painsP&CO
 
M.C Lodges -- Guest House in Jhang.
M.C Lodges --  Guest House in Jhang.M.C Lodges --  Guest House in Jhang.
M.C Lodges -- Guest House in Jhang.Aaiza Hassan
 
Monthly Social Media Update April 2024 pptx.pptx
Monthly Social Media Update April 2024 pptx.pptxMonthly Social Media Update April 2024 pptx.pptx
Monthly Social Media Update April 2024 pptx.pptxAndy Lambert
 

Dernier (20)

VVVIP Call Girls In Greater Kailash ➡️ Delhi ➡️ 9999965857 🚀 No Advance 24HRS...
VVVIP Call Girls In Greater Kailash ➡️ Delhi ➡️ 9999965857 🚀 No Advance 24HRS...VVVIP Call Girls In Greater Kailash ➡️ Delhi ➡️ 9999965857 🚀 No Advance 24HRS...
VVVIP Call Girls In Greater Kailash ➡️ Delhi ➡️ 9999965857 🚀 No Advance 24HRS...
 
9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 Delhi
9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 Delhi9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 Delhi
9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 Delhi
 
VIP Call Girls In Saharaganj ( Lucknow ) 🔝 8923113531 🔝 Cash Payment (COD) 👒
VIP Call Girls In Saharaganj ( Lucknow  ) 🔝 8923113531 🔝  Cash Payment (COD) 👒VIP Call Girls In Saharaganj ( Lucknow  ) 🔝 8923113531 🔝  Cash Payment (COD) 👒
VIP Call Girls In Saharaganj ( Lucknow ) 🔝 8923113531 🔝 Cash Payment (COD) 👒
 
Grateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdfGrateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdf
 
Understanding the Pakistan Budgeting Process: Basics and Key Insights
Understanding the Pakistan Budgeting Process: Basics and Key InsightsUnderstanding the Pakistan Budgeting Process: Basics and Key Insights
Understanding the Pakistan Budgeting Process: Basics and Key Insights
 
Call Girls in Gomti Nagar - 7388211116 - With room Service
Call Girls in Gomti Nagar - 7388211116  - With room ServiceCall Girls in Gomti Nagar - 7388211116  - With room Service
Call Girls in Gomti Nagar - 7388211116 - With room Service
 
Best Basmati Rice Manufacturers in India
Best Basmati Rice Manufacturers in IndiaBest Basmati Rice Manufacturers in India
Best Basmati Rice Manufacturers in India
 
The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...
The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...
The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...
 
The Coffee Bean & Tea Leaf(CBTL), Business strategy case study
The Coffee Bean & Tea Leaf(CBTL), Business strategy case studyThe Coffee Bean & Tea Leaf(CBTL), Business strategy case study
The Coffee Bean & Tea Leaf(CBTL), Business strategy case study
 
Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...
 
Forklift Operations: Safety through Cartoons
Forklift Operations: Safety through CartoonsForklift Operations: Safety through Cartoons
Forklift Operations: Safety through Cartoons
 
Call Girls Jp Nagar Just Call 👗 7737669865 👗 Top Class Call Girl Service Bang...
Call Girls Jp Nagar Just Call 👗 7737669865 👗 Top Class Call Girl Service Bang...Call Girls Jp Nagar Just Call 👗 7737669865 👗 Top Class Call Girl Service Bang...
Call Girls Jp Nagar Just Call 👗 7737669865 👗 Top Class Call Girl Service Bang...
 
Progress Report - Oracle Database Analyst Summit
Progress  Report - Oracle Database Analyst SummitProgress  Report - Oracle Database Analyst Summit
Progress Report - Oracle Database Analyst Summit
 
A305_A2_file_Batkhuu progress report.pdf
A305_A2_file_Batkhuu progress report.pdfA305_A2_file_Batkhuu progress report.pdf
A305_A2_file_Batkhuu progress report.pdf
 
unwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabi
unwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabiunwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabi
unwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabi
 
RSA Conference Exhibitor List 2024 - Exhibitors Data
RSA Conference Exhibitor List 2024 - Exhibitors DataRSA Conference Exhibitor List 2024 - Exhibitors Data
RSA Conference Exhibitor List 2024 - Exhibitors Data
 
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service AvailableCall Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
 
Value Proposition canvas- Customer needs and pains
Value Proposition canvas- Customer needs and painsValue Proposition canvas- Customer needs and pains
Value Proposition canvas- Customer needs and pains
 
M.C Lodges -- Guest House in Jhang.
M.C Lodges --  Guest House in Jhang.M.C Lodges --  Guest House in Jhang.
M.C Lodges -- Guest House in Jhang.
 
Monthly Social Media Update April 2024 pptx.pptx
Monthly Social Media Update April 2024 pptx.pptxMonthly Social Media Update April 2024 pptx.pptx
Monthly Social Media Update April 2024 pptx.pptx
 

Factors influencing industrial buying (ism)

  • 1. Introduction Industrial buying are subject to many influences. Some marketers assume that the major influences are economic. They think buyers will favor the suppliers who offers the lowest price or the best product or the most service. There are some major influences listed below.
  • 2. Major Factors Influencing Industrial Buying • • • • Environmental Organizational Interpersonal Individual
  • 3. Environmental Organizational Factors Interpersonal Individual • Economic Developments • Technological Changes • Political and Regulatory developments • Competitive developments • Culture and Customs • • • • • • • • • • • • • • Objectives Policies Procedures Organizational Structure • Systems Authority Status Empathy Persuasiveness Age Income Education Job Position Personality Attitudes
  • 4. Environmental Factors Business buyers are heavily influenced by factors in the current and expected economic environment , such as level of primary demand , the economic outlook etc. Business buyers are also affected by technological , political and competitive developments in the environment . The business buyers must watch these factors , determine how they will affect the buyer and try to turn these challenges into opportunities.
  • 5. Organizational Factors Each buying organization has its own objectives , policies , procedures , structure and systems and the business marketer must understand these factors well. Questions can arise : how many people are involved in the buying decision ?; who are they ? What are the evaluative criteria ? What are the company’s policies and limits on its buyers ?
  • 6. Interpersonal Factors The buying center usually includes many participants who influence each other , so interpersonal factors also influence the business buying process. Participants may influence the buying decision process because they control rewards and punishments , are well liked , have a special relationship with other important participants. Business marketers must try to understand these factors and design strategies that take them into account
  • 7. Individual Factors Each participants in the business buying decision process brings in personal motives , perceptions and preferences. These individual factors are affected by personal characteristics such as age income ,education , professional identification , personality and attitudes towards risks.