THE PSYCHOLOGICAL FACTORS AFFECTING BEHAVIOR OF INDIVIDUAL BUYERS: A CASE STUDY IN GENERAL COMPANY FOR CENTRAL MARKETS OF IRAQ

Authors

  • Sarmad Hamza Jassim Department of Business Administration, Faculty of Administration and Economics, Mustansiriyah University, Baghdad, Iraq
  • Nagham Abbas Rasin Department of Business Administration, Faculty of Administration and Economics, Mustansiriyah University, Baghdad, Iraq

Keywords:

Behavior of Individual Buyerss, Psychological Factors, Motivation, Perception

Abstract

All business companies are interested in increasing their market share by acquiring new customers, and this achieved when company able to successfully manage the behavior of individual buyers. Research identifies four psychological factors that affect the behavior of individual buyers: motivation, perception, learning, and attitudes. Research attempts to reveal the relative importance of each factor so that companies can direct their attention in a way that is appropriate to the extent of its impact on the behavior of individual buyers. It adopts a case study approach in the General Company for Central Markets of Iraq and has relied on field interviews and personal interviews of managers in company, whose number reached (52) manager, for purpose of answering the inspection lists. Research concluded that the company pays varying attention to the four psychological factors, and it recommended the necessity of achieving a state of balance and paying attention to the four factors in order to be able to reach its goals

References

Abdul-Halim, H., Ahmad, N. H., Geare, a. and Thurasamy, R. (2018) “Innovation Culture in SMEs: The Importance

of Organizational Culture, Organizational Learning and Market Orientation”, Entrepreneurship Research Journal,

(3): 14-29.

Armstrong, G., Kotler, P., Trifts, V. and Buchwitz, L. A. (2018) Marketing: An Introduction. 6th Ed., United States of

America: Pearson Canada Inc.

Bowen, C. J. (2019) “Relationship between Competitor Orientation and Performance: Scenario in Kenyan

Universities”, International Journal of Advanced Research, 7(8):717-726.

Chaabane, A. M. and Pez, V. (2020) “The reward gap in hierarchical loyalty programs: how to enhance bottom-tier

customers’ loyalty without alienating top-tier customers”, Journal of Marketing Management, 36(1): 51-71.

Cherry, Kendra (2024) “What Is Perception? Recognizing Environmental Stimuli Through the Five Senses”, Verywell

Mind Magazine, Published on 14 July.

Dember, William N. and West, Louis Jolyon (2024) “Perception”, Britannica Magazine, Published on 4 July.

DeRosia, E. D. and Elder, R. S. (2019) “Harmful Effects of Mental Imagery and Customer Orientation during New

Product Screening”, Journal of Marketing Research, 56 (4): 637-651.

Feng, T., Wang, D., Lawton, A. and Luo, B. A. (2019) “Customer orientation and firm performance: The joint

moderating effects of ethical leadership and competitive intensity”, Journal of Business Research, 100(1): 111-121.

Gentsch, P. (2019) AI in Marketing Sales and Service: How Marketers without a Data Science Degree can use AI

Big Data and Bots. 1

st Ed., Switzerland: Palgrave Macmillan.

Grewal, D. and Levy, M. (2018) Marketing. 6

th Ed., New York: McGraw-Hill Education.

Grewal, D., Hulland, J., Kopalle, P. K. and Karahanna, E. (2020) “The future of technology and marketing: a

multidisciplinary perspective”, Journal of the Academy of Marketing Science, 48(1): 1-8.

Habel, J., Kassemeierb, R., Alavib, S., Haafb, P., Schmitzb, C. and Wiesekeb, J. (2020) “When do customers perceive

customer centricity? The role of a firm’s and salespeople’s customer orientation”, Journal of Personal Selling and

Sales Management, 40(1): 25-42.

Huang, H. and Chen, Y. (2019) “Toward an Understanding of the Antecedents of E-Marketing Orientation: The Role

of the Fit”, Conference of Academy of Marketing Science World Marketing Congress, Published on 2 April.

Jassim, Sarmad Hamza (2022) “Role of Social Responsibility in Company’s Neuromarketing: A Case Study in Iraqi

General Company for Agricultural Supplies”, International Academic Journal of Humanities, 9(1): 01-11.

Jassim and Ridha, Sarmad Hamza, Bushra Jawad M. (2022) “Role of Direct Marketing Techniques in Sales

Excellence: A Case Study in Iraqi State Company for Rubber and Tires Industries”, International Academic Journal

of Business Management, 9(2): 10-21.

Jassim and Ridha, Sarmad Hamza, Bushra Jawad M. (2022) “Effect of Innovative Promotion Mix on Interactive

Marketing for Business Organizations: A Case Study in Iraqi General Company for Automotive and Equipment

Industry’, International Academic Journal of Social Sciences, 9(2): 08-20.

Jassim and Ridha, Sarmad Hamza, Bushra Jawad M. (2022) “Role of Entrepreneurial Marketing at a Customers

Voice: A Case Study in Iraqi State Company of Land Transportation”, International Journal of Research in

Management Studies (IJRMS), 12(2): 01-14.

Jassim and Ridha, Sarmad Hamza, Bushra Jawad M. (2022) “Marketing Analysis for Consumer Promotion

Techniques: A Case Study at General Company for Iraqi Food Products”, American Journal of Economics and

Business Management (AJEBM), 5(7): 87-103.

Jassim and Shubar, Sarmad Hamza, Rounaq Kadhem Hussin (2020) “Sustainable Marketing Analysis in Industrial

Corporate: A Case Study at the General Company for Iraqi Cement”, Palarch’s Journal of Archaeology of

Egypt/Egyptology, 17(3): 2375-2395.

Kimmo, S., Kirsikka, R. and Seija, K. (2020) “Customer-oriented approach in cadastral procedures: Case study from

Finland”, Journal of Aalto University, 90(1):1-9.

Kotler, P., Armstrong, G. and Opresnik, M. O. (2018) Marketing. 17th Ed., London: Pearson Education Limited.

Lamb, C. W., Hair, J. F. and McDaniel, C. (2018) Principles of Marketing. 1st Ed., Canada: Nelson Education Limited.

Leoni, L. (2020) “Blurring B2C and B2B boundaries: corporate brand value co-creation in B2B2C markets”, Journal

of Marketing Management, 36(2): 72-99.

Leung, June W. S. (2023) “Perception in Psychology: Definition, Importance and Types”, Introduction to Psychology

Magazine, Published on 21 November.

Luu, T. T. (2019) “CSR and Customer Value Co-creation Behavior: The Moderation Mechanisms of Servant

Leadership and Relationship Marketing Orientation”, Journal of Business Ethics, 15(5): 379-398

MacDonald, S. (2020) “How to Create a Customer Centric Strategy For Your Business”, Supper Office Review,

Published on 4 March.

Mediano, J. M., Ruiz, J. L., Villas, I. P. and Ayestaran, R. (2019) “Customer Orientation in Family Businesses”,

European Journal of Family Business, 9(1): 21-28.

Moorman, C., Heerde, H. J., Moreau, C. P. and Palmatier, R. W. (2019) “JM as a Marketplace of Ideas”, Journal of

Marketing 83(1): 1-7.

Murtoff, Jennifer (2024) “Operant Conditioning Psychology”, Britannica Magazine, Published on 2 July.

Nuryakin, Y. (2018) “Competitive Advantage and Product Innovation: Key Success of Batik SMES Marketing

Performance in Indonesia”, Academy of Strategic Management Journal, 17(2): 1-17.

Oakley, Barbara (2024) “Learning How to Learn: Powerful mental tools to help you master tough subjects”, Personal

Development Magazine, Published on 28 April.

Robert, M., Chiambaretto, P., Mira, B. and Roy, F. L. (2018) “Better, faster, stronger, the impact of market oriented

coopetition on product commercial performance”, Management Review, 21(1): 574-610.

Roschk, H. and Hosseinpour, M. (2020) “Pleasant Ambient Scents: A Met analysis of Customer Responses and

Situational Contingencies”, Journal of Marketing, 84(1): 125-145.

Solimun, S. and Fernandes, A. (2018), "The mediation effect of customer satisfaction in the relationship between

service quality, service orientation, and marketing mix strategy to customer loyalty", Journal of Management

Development, 37(1): 76-87.

Solomon, M. R., Marshall, G. W. and Stuart, E. W. (2018) Marketing: Real People Real Choices. 9th Ed., United

States of America: Pearson Education.

Susman, David (2024) “The Components of Attitude: Formation of an Attitude and How It Can Be Changed”,

Verywell Mind Magazine, Published on 5 May.

Watercutter, Angela (2024) “Attitude Feels Like a Release Valve Opening“, WIRED Magazine, Published on 26 July.

Willets, Melissa (2024) “Attitude of Wanting to Learn More“, Parents Magazine, Published on 26 July.

Wirtz, J. and Lovelock, C. (2018) Essentials of Services Marketing. 3rd Ed., England: Pearson Education Limited.

Wisdom, O. and Augustina, E. (2019) “Market Orientation and Customer Loyalty of Deposit Money Banks in Port

Harcourt”, International Journal of Marketing and Commercial Studies, 7(2): 7-17.

Woods, Bob (2024) “attitude is changing“, CNBC Magazine, Published on 27 July.

Downloads

Published

2024-11-09

How to Cite

Sarmad Hamza Jassim, & Nagham Abbas Rasin. (2024). THE PSYCHOLOGICAL FACTORS AFFECTING BEHAVIOR OF INDIVIDUAL BUYERS: A CASE STUDY IN GENERAL COMPANY FOR CENTRAL MARKETS OF IRAQ. World Economics and Finance Bulletin, 40, 38-48. Retrieved from https://scholarexpress.net/index.php/wefb/article/view/4716

Issue

Section

Articles