Study of Factors Influencing Students Buying Behavior: Keywords: Buying Behavior, Self Buying, Perception, Common Effects
Study of Factors Influencing Students Buying Behavior: Keywords: Buying Behavior, Self Buying, Perception, Common Effects
Study of Factors Influencing Students Buying Behavior: Keywords: Buying Behavior, Self Buying, Perception, Common Effects
*Prof.Swati Padoshi
** Prof.Hrishikesh Pol
Abstract
This paper studies the main factors that influence the buying behavior of students in general. The
two factors that are primary in this study are Clothing and Electronics. The research is a primary
research done through questionnaire method. The paper evaluates the main factors that drive the
decision of students while buying clothes, electronics and other products. The paper also studies
the buying pattern of students, whether they buy all by themselves or their parents help them buy
.A structured questionnaire was constructed to provide answers to our research question. In this
study, sixty questionnaires were distributed, but only fifty useable questionnaires were realized.
Introduction
The study of consumer behavior focuses on how individuals make decisions to
spend their available resources (time, money, effort) on consumption-related
items (Schiffman and Kanuk, 1997). The field of consumer behavior covers a lot
of ground. According to Solomon (1996), consumer behavior is a study of the
processes involved when individuals or groups select, purchase, use, or dispose
of products, services, ideas, or experiences to satisfy needs and desires.
The official definition of consumer behavior given by Belch (1998) is ‘the process
and activities people engage in when searching for, selecting, purchasing, using,
evaluating, and disposing of products and services so as to satisfy their needs
and desires’.Consumer buying behavior is the sum total of a consumer's
attitudes, preferences, intentions and decisions regarding the consumer's
behavior in the marketplace when purchasing a product or service.
_____________________________________________________________
*Research Scholar, JJTU, Rajasthan, ** Research Scholar, JJTU, Rajasthan
Objective
1. To understand if young people do their own buying.
2. To study the factors which play a major role in their buying behavior.
Research Methodology
The research is done through primary research, questionnaire method. The
Sample size was around 60, out of which 50 were usable data.
Scope
This study will help brands to understand the buying behavior of students and
work on their marketing strategy.
Limitations
2%
Number of respondents towards doing their own
Yes shopping
98%
Interpretation: Among 50 respondents we can find that the majority of the youth
do their own shopping. Only 2 percent depend on their friends or elders to shop
for them.
Table 2 The Main Products young people buy on your own
Clothes 27 54
Electronics 3 6
Others 3 6
Both 17 34
Total 50 100
Source: Collected through Questionnaire
34%
54%
6%
6%
Malls 7 14
Unorganized Market 11 22
Total 50 100
Figure 3 The main outlets from where the young people buy.
12%
24%
22%
12%
14%
16%
2. To study the factors which play a major role in their buying behavior
Known Brands 37 35
TV commercials 13 13
Friends Recommendation 17 16
Family recommendation 15 14
Not interested 2 2
8%
12% 35%
14%
16% 13%
Known Brands 32 31
TV commercials 4 4
Friends Recommendation 15 15
Family recommendation 8 8
17%
31%
25%
15% 4%
8%
Known Brands 29 25
TV commercials 14 12
Friends Recommendation 19 16
Family recommendation 16 14
Not Interested 3 2
8% 2%
25%
23%
12%
14% 16%
Findings
It was been observed that the majority of the youth do their own shopping.
Only 2 percent depend on their friends or elders to shop for them.
34 percent majority of the youth buy both clothes and Electronics on their
own. From the data 54 percent of the students were interested in buying
clothing and the rest were interested on buying electronics and other
products,
The majority of students buy clothes, electronics and other products
which include perfumes, cosmetics and deodorants through known brands
and through discount deals as they feel that these products have good
market reputation and on discount deals as they can get more variety of
products of their choice at a reasonable price.
RECOMMENDATION
With respect to the findings of students buying behavior it can be stated that
today’s youth prefer more on buying clothes and electronics that are of brand
value and are of reasonable price.
It can be suggested or recommended to the sellers on Online websites to
increase their brands and availability of the same as most of the youth
prefer to go on online shopping.
The Brand outlets, Super market , Malls and Unorganized Market have to
bring out marketing strategies to attract majority of the youth towards
their products depending upon the social hierarchy, availability, price and
quality of the product.
Conclusion
Here we can conclude that majority of the youth have different types of buying
behavior like personal, psychological and social factors depending upon their
preferences, affordability, perception and choice in buying their clothes,
electronics and other products.
Bibliography
Consumer Behavior - Michael R. Solomon , 8th edition, Eastern Economy publication.
Consumer Behavior- David L. Loudon and Albert J. Della Bitta-4th Edition- Tata
McGraw Hill Publications. 10 Consumer Behavior- Leon G. Schiffman, Leslie Lazar
Kanuk, 5th Edition- Prentice Hill Publication.
Consumer buying decisions models: A descriptive study, Ram Komal Prasad and Manoj
K. Jha, International Journal of Inovation and Aplied Studies ISN 2028-9324 Vol. 6 No. 3
July 2014, p. 35-351.
Determinants of Consumer Buying Behaviour: A Theoretical Framework of Rural India-
Hemanth K P and Shruthi V K- Journal of Exclusive Management Science – March 2013,
Vol. 2 Issue 3 - ISSN 2277 – 5684, p1-16