Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

With a limited amount of income and a higher requirement for expenditure how would a customer make his purchasing decisions?

user-image
Question added by Greshan Gabriel , Assistant Manager Operations , W.I.Tell Solutions (Pvt) Ltd
Date Posted: 2014/01/03
Subhranshu Ganguly
by Subhranshu Ganguly , Quality Analyst. , WIPRO

Every customer however rich he  may be has to make some sacrifices. He or she has to differ some purchasing decisions for the future. With limited income this tug of war between immediate purchase and procrastination become more intense.

·         There are some purchasing decisions at the top of the mental list. According to the customer they are more important.

·         This list can be altered with advertisement. Special discounts , POS presentations etc.

·         The main job of the marketing dept is to influence this mental list to the companies favor.

·         Neuromarketing  is a new concept that deals with the response of the brain to the marketing strategy. It shows the most economic and effective way to change this mental list of things to be purchased

Mubashir Shahzad
by Mubashir Shahzad , Oracle Functional Consultant/ERP Business Analyst , Jaffer Business System

you should filter from necessary to luxry. just simple.!!

Constantinos Sficas
by Constantinos Sficas , Finance and Admin Manager , Ansaldo Caldaie S.p.A.

This issue has a double approach.

If the purchase is personal then you must delay the expenditure excessing the budget.

For business must not delay the purchase, obtain the best price and negotiate the terms of settlement.

Amir Mahmoud  - CPIM
by Amir Mahmoud - CPIM , Planning Lead , Americana Group

The best decision for the customer is to calculate it many times before making a decision to get his purchases and also to look for the cheapst supplier for the goods that he want  or make negotiations to get the best price according to his purchasing power.

Huda Baloum
by Huda Baloum , Administration Supervisor , Jordan Golden Jewel Co.

Searching for offers from different suppliers and comparing specifications and prices.

 

Negotiations for getting better prices.

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.