What are the factors affecting consumer buying behavior?

3.2 The factors which influence consumer behaviour

Psychological (motivation, perception, learning, beliefs and attitudes)
Personal (age and life-cycle stage, occupation, economic circumstances, lifestyle, personality and self concept)
Social (reference groups, family, roles and status)
Cultural (culture, subculture, social class system).

What are the stages of the decision making process?

Step 1: Identify the decision. You realize that you need to make a decision.
Step 2: Gather relevant information.
Step 3: Identify the alternatives.
Step 4: Weigh the evidence.
Step 5: Choose among alternatives.
Step 6: Take action.
Step 7: Review your decision & its consequences.

What are the 3 types of decision making?

There are three types of decision in business:

strategic.
tactical.
operational.

What are the 5 stages of decision making?

5 Steps to Good Decision Making

Step 1: Identify Your Goal. One of the most effective decision making strategies is to keep an eye on your goal.
Step 2: Gather Information for Weighing Your Options.
Step 3: Consider the Consequences.
Step 4: Make Your Decision.
Step 5: Evaluate Your Decision.

What are the 7 steps to ethical decision making?

A 7-STep Guide to Ethical Decision-Making

State the problem.
Check the facts.
Identify relevant factors (internal and external).
Develop a list of options.
Test the options.
Make a choice based on steps 1-5.
Review steps 1-6.

What are the 8 steps in ethical decision making?

The eight steps are as follows: 1) identify the problem or dilemma, 2) identify the potential issues involved, 3) review the relevant ethical codes, 4) know the applicable laws and regulations, 5) obtain consultation, 6) consider possible and probable course of action, 7) enumerate the consequences of various decisions …

What are the three main models of ethical decision making?

Based upon the three-part division of traditional normative ethical theories discussed above, it makes sense to suggest three broad frameworks to guide ethical decision making: The Consequentialist Framework; The Duty Framework; and the Virtue Framework.

How do you know if a decision is ethical?

By analyzing the expected results,
By analyzing the implications of the decision,
By checking whether the action rules and values operate as standard in company,
By analyzing the character of the decision: logic, rationale, optimal,
By analyzing the solution: if the choice of the solution, is a timely choice,

What are ethical decisions examples?

Some examples of ethical dilemma examples include: Taking credit for others’ work. Offering a client a worse product for your own profit. Utilizing inside knowledge for your own profit.

What are three important ethical questions to ask?

Three ethical questions that we should ask of ourselves every day

How do I want to be in the world?
Why do I want to be this way in the world?
What strategies must I use to remain true to my values and principles when I’m challenged or tested?

What makes ethical decisions so difficult?

WHAT MAKES ETHICAL DECISIONS SO DIFFICULT? Ethics is often a problem because the situations we face as managers are hardly ever clear-cut. People have different worldviews that they bring into their decision-making processes, which causes individuals to see and interpret situation in different ways.

What is the most difficult part of ethical decision making?

The most difficult part of making decisions isn’t figuring out the right answer; it’s having the courage to actually act on that knowledge, according to a study presented at this month’s annual meeting of the Academy of Management.

What are the problems in ethical decision making?

Counsellor Substance Abuse. Lack of Personal Values Clarification. Limitations of Codes of Ethics and Conduct. Lack of a Decision Making Model.

What is one trait that can predict ethical behavior in the workplace?

First, you want employees who will notice when something unethical is happening. In this respect two dispositions are very relevant: Conscientiousness: Individuals showing this trait are careful, reflective, and reliable, which means that they tend to be responsible organizational citizens.

What are the 6 different traits that can predict ethical behavior at work?

6 Traits that Predict Ethical Behavior

Conscientiousness. You want employees who will notice when something unethical is happening.
Moral attentiveness. This describes the extent to which individuals are aware of the various ethical dilemmas at hand.
Duty orientation.
Customer orientation.
Assertiveness.
Proactivity.

What are the traits characteristics and habits of an ethical person?

Respect others One of the most important traits of ethical leadership is the respect that is given to followers. An ethical leader shows respect all members of the team by listening to them attentively, valuing their contributions, being compassionate, and being generous while considering opposing viewpoints.

How do you show ethical behavior?

Here are seven ways managers in the Middle East can promote ethical behavior:

Don’t think about ethics as just following laws and regulations.
Care about people before profits.
Ethical behavior is reciprocal.
Democratize decision making.
Share and delegate.
Communicate.
Have a clear code of conduct.

What are the 3 moral dilemmas?

There are several types of moral dilemmas, but the most common of them are categorized into the following: 1) epistemic and ontological dilemmas, 2) self-imposed and world-imposed dilemmas, 3) obligation dilemmas and prohibition dilemmas, and 4) single agent and multi-person dilemmas.

What are the three ethics?

The three schools are virtue ethics, consequentialist ethics, and deontological or duty-based ethics. Each approach provides a different way to understand ethics.

What is the basic question in ethics?

The central questions raised in this course in ethics are (1) What is the nature of the life of excellence?, (2) What is the ultimate worth of the goals you seek?, and (3) What specific courses of conduct, in keeping with these goals, will help lead to the life of excellence?

What are some ethical questions?

Ethics

Do you consider yourself to be an ethical person?
Have you ever found a smart phone?
Would you risk your life to save another person?
Would you jump into a deep river to save a drowning animal?
What should a person do if they find a wallet?
What are some ethical dilemmas you have faced?
Is stealing ALWAYS wrong?

What are the two fundamental questions in ethics?

Chapter 4: Two Fundamental Questions

– As seen in its definitions, the science of Ethics revolves around.
WHAT IS THE MEANING OF LIFE?
– In short, we ask in Ethics, what is the norm of morality, the.
What is the ultimate norm or ground of distinction between.
What is life in its fullest and deepest meaning?

What is the philosophy question of ethics?

It asks questions like “How should people act?” (Normative or Prescriptive Ethics), “What do people think is right?” (Descriptive Ethics), “How do we take moral knowledge and put it into practice?” (Applied Ethics), and “What does ‘right’ even mean?” (Meta-Ethics).

What is the hardest philosophical question?

Hard Philosophical Questions

Are emotions rational or irrational?
Are there universal human rights?
What rights, if any, do animals have?
Do computers have the ability to be creative?
Do wars ever solve the problems of countries and governments?
Is there a cause for every event?
Do people really have free will?

What are the 3 philosophical questions?

The 3 Big Questions of Philosophy

What is knowledge? This refers to the following kinds of issues and questions: How can we know anything (i.e., the starting position of the radical skeptic)?
How should we conduct ourselves?
How should we govern ourselves?

What are some good life questions?

10 Life-Changing Questions to Ask Yourself Today.
How will your life be different in a year?
What are you grateful for?
What nice thing can you do for someone else today?
How much do you worry about what others think?
What are you doing to invest in your relationships?
What do you do for fun?