Measuring Success
Currently 22% of all U.S. bike sales
Demand above supply
Sales doubled in the past 5 years with earnings tripled.
Goal 1: Learn the consumer market & construct model of buyer behavior
Buyer’s Black Box
Buyer characteristics
Buyer decision process
Goal 1: Learn the consumer market & construct model of buyer behavior
Cultural
Social
Personal
Psychological
Key Factors
Goal 2: Know the four factors that influence consumer buying behavior
Cultural
Social
Personal
Psychological
Key Factors
Goal 2: Know the four factors that influence consumer buying behavior
Goal 2: Know the four factors that influence consumer buying behavior
Goal 2: Know the four factors that influence consumer buying behavior
Goal 2: Know the four factors that influence consumer buying behavior
Goal 2: Know the four factors that influence consumer buying behavior
Goal 3: Understand types of buying decisions and stages in the process
Process Stages
Goal 3: Understand types of buying decisions and stages in the process
Process Stages
Goal 3: Understand types of buying decisions and stages in the process
Process Stages
Goal 3: Understand types of buying decisions and stages in the process
Process Stages
Goal 3: Understand types of buying decisions and stages in the process
Process Stages
Goal 3: Understand types of buying decisions and stages in the process
Goal 4: Comprehend the diffusion & adoption process for new products
Goal 4: Comprehend the diffusion & adoption process for new products
Goal 4: Comprehend the diffusion & adoption process for new products
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