1.culture and social
2.family consideration in a situation
3.psycho buying/
4.buying process
There are various factors that affect the pricing decisions of a company. Customer, competition, economical factor's such as weak buying power or recission and the host govt laws. Besides these factors internal factors of companies are also affectimg the priciog decision.
women always shop for clothes no matter how broke they are. this is unchangeble
Both economic and psychological factors play a significant role in marketing and buying decisions. Economic factors, such as price and value, influence rational thinking, while psychological factors, such as emotions, perceptions, and social influences, can affect decision-making on a deeper level. The effectiveness of these factors may vary depending on the product, target audience, and overall marketing strategy.
How do reseller make buying decision
If you are in business, buying and selling on credit may be a good idea, depending on the product. Two important factors to consider when making a decision about credit are how much the credit will cost you and how much it will improve your business.
Influencers
There are plenty of factors affecting elasticity of demand including climate of the area. Other factors that effect elasticity of demand include supply and group of people buying.
External factors affect Marks and Spencer in terms of the buying power of customer. The marketing strategies of the company must also adapt to the external factors such as political, economic, technological, legal and environmental factors for the brand to continually thrive in a given location.
Yes, collector cars are worth buying depending on the price and value of the car. There are also other deciding factors as well. Check on the market value before making a decision.
Tourist products are intangible. When a tourist, guided by his motivations and the image of the tourist destination, decides on a trip somewhere outside his usual place of residence or work, he is buying a tourist product - a promise that will soon become a memory once he returns home.
If your organization is a B to B organization, you must consider the factors that influence organizational buying decisions, when developing your marketing plans and sales strategies. To know more about these factors, keep reading.Organizational buying is much more complex than consumer buying, and thus deserves to be studied separately. The entwined interpersonal relationships and the multiple communication processes between the organizational members, involved in the buying decision process, are some of the major contributors to this complexity. The list of affecting factors isn't limited to these; there are many more important determinants. Let's take a look at what factors influence organizational buyers and their buying behavior. But before that we'd just like to divert your attention to why organizational buying is so different.Unique Features of Organizational BuyingOrganizational buying is mostly a multi-person activity, and that's true for more than 90% of the organizational buying. Decisions for some of the bigger purchases may have participants from a range of departments and from different management levels. Think about the purchase of new software - it may require a collective decision made by end users and people from the IT, finance and administration departments.When organizations make purchases there is always a meticulous formal process that precedes the actual purchasing.Organizational buying decisions are never made at the spur of a moment. The buying decision making is stretched and this drag can even be a year long, when it comes to critical purchases.
it all depends on the age of the child and what it is that you are buying. in my house the buying desicions are up to me and there mother