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2. Social factors - family, role, status, etc.

3. Personal factors - gender, age, lifestyle, financial situation, personality,
image, etc.

4. Psychological factors - need engendered motivation, "voices" from
one's subconsciousness, or satisfaction optimisation, etc.


Consumer segmentation
For a new company it is rarely possible to reach all consumers at one time.
You have to choose special groups of consumers. It is called segmentation.
You can seek to segment, categorise, by various criteria:

• Geography - city, country, district, street
• Education – skilled, unskilled
• Occupation - doctors, lorry drivers, teachers
• Age – children, youngsters, middle age, retired people
• Sex – men or women
• Leased or owner-occupied housing

Corporate Customers
There is a notable difference between selling to companies and private
individuals. Below is an angle of approaches to the producer market.

Producer market characteristics:
• Few buyers in relation to total number of consumers
• Large-scale orders
• A relationship between buyer and seller can be established
• Potential customers are easy to single out/segment
• More persons are involved in a purchase
• Professional purchasing methods based on information and
rationality
• Focus is on price and cost-saving

Purchase Methods
Three pervading purchasing principles applied by companies:

1. Straight re-buy - you buy the same as usual. Usually office supplies,
coffee, etc.

2. Substantial repurchase - before buying, you consider whether the
requirement, design, or technology has changed since last time.
This could be PCs, courses, or technological equipment.

3. New purchase - you want to check the market for the most
favourable offer meeting the requirements set out by the company


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