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  3. The main differences between consumer and industrial buying behavior are123:
    • Decisions made by consumers are quite simple, while industrial buying processes are more complicated, with several phases and steps.
    • Different buying behavior for different products and target groups.
    • Simple consumer goods like food and beverages are bought very spontaneously, influenced by advertising and product presentation.
    • For premium consumer goods (expensive clothes, computers), buying behavior is getting more rational, with comparison.
    • Private investment goods involve price bargaining.
    • Industrial buyers procure commodities to produce their products/brands to be offered to end consumers, while individual consumers buy for personal, family, or household usage.
    • Buyers of industrial goods are generally limited because there are fewer consumers of these products, while consumer goods have a larger pool of buyers.
    • Demand for industrial goods is driven by derived or indirect demand, while demand for consumer goods stems from the need to provide finished products to consumers.
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    Consumer vs. Industrial buying behavior  Decisions made by consumers are quite simple  Industrial buying processes are more complicated, there are several phases and steps  Different buying behavior for different products and target groups  Simple consumer goods like food and beverages are bought very spontaneously – influenced by advertising and product presentation  For premium consumer goods (expensive clothes,...

    www.slideshare.net/choco421/industrial-buyingbeh…

    While individual Consumers buy for personal, family, or household usage. The main difference in simple terms is that industrial buyers are not the end users of a particular commodity unlike consumers. Industrial buyers procure commodities to produce their products/brands to be offereded to end consumers.

    specialties.bayt.com/en/specialties/q/27406/what-a…
    Buyers of industrial goods are generally limited because there are fewer consumers of these products. Consumer goods, on the other hand, have a larger pool of buyers. Demand also differs between both types of goods. Industrial goods are driven by derived or indirect demand. This demand stems from the need to provide finished products to consumers.
    www.investopedia.com/ask/answers/050415/how-a…
     
  4. People also ask
    What is industrial buying behavior?Industrial buying behavior is in essence the arrangement of how Industrial Organizations purchase goods and services. This area is essential for the understanding of the consumer needs and must be taken into consideration for successful suppliers. Industrial Buying Process (i) Problem Recognition (ii) General need description
    What distinguishes industrial-buying behavior compared to consumer behavior?Third, approaches following this perspective assume that the major distinguishing characteristic of industrial-buying behavior compared to consumer behavior lies in the industrial buyer’s rational emphasis placed on cost factors and economically justified decisions.
    What is the difference between consumer buying and industrial buying?Consumer Buying is done in order to satisfy the needs of the consumers. In Consumer buying, purchase volume is small. Industrial Buying cannot satisfy the consumer’s need but can satisfy the needs of industrialists. It does the production of those products which can satisfy the needs of consumers. In Industrial Buying, purchase volume is large.
    Why is buying behavior important to industrial marketers?The authors conclude that studies of the buying behavior of organizations are as important to the industrial marketer as they are to vendors of consumer goods—though in the industrial case, considerably more complicated than studies of household behavior.
     
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    WEBAlişan Baltaci. PDF | On Jul 1, 1978, Donald E. Vinson and others published Consumer and Industrial Buying Behavior | Find, read and cite all the research you need on ResearchGate.

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