International Journal of Applied Marketing and Management

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Buying Attributes for Automotive Products and Banking Services


Affiliations
1 School of Business, Alliance University, Karnataka, India
2 Management Science, School of Business, Alliance University, Karnataka, India
     

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A buying decision depends upon certain attributes that a buyer considers before making a choice. The question arises as to whether these attributes are same or different for products and services. This paper examines the buying attributes for automobile two-wheelers and four-wheelers representing product category and banking service representing service sector, and compares them. The buying attributes considered were based on literature review, including quality of core product/service, product/service features, quality of basic customer service, brand name, price, availability, quality of supplementary service;for banking services, location and brand name were also considered.

The most important attribute found when buying an automotive was quality of the core product, followed by product features, quality of basic customer service, brand name, price, availability, and finally, quality of supplementary service. The most important attribute found when availing banking service was quality of the core service, followed by quality of basic customer service, location, quality of supplementary service, and finally, brand name. The paper will help management researchers and professionals in the consumer behaviour area to better understand the buying attributes of consumers for automotive products and banking services. The knowledge of decision-making attributes will benefit marketers who struggle to understand the consumer mind in competitive environment.


Keywords

Buying Attributes, Automotive Product, Banking Service, Core Service, Basic Service, Supplementary Service.
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  • Buying Attributes for Automotive Products and Banking Services

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Authors

Krishna K. Havaldar
School of Business, Alliance University, Karnataka, India
Mihir Dash
Management Science, School of Business, Alliance University, Karnataka, India
Jacob Alexander
School of Business, Alliance University, Karnataka, India
Kshitiz Sharma
School of Business, Alliance University, Karnataka, India

Abstract


A buying decision depends upon certain attributes that a buyer considers before making a choice. The question arises as to whether these attributes are same or different for products and services. This paper examines the buying attributes for automobile two-wheelers and four-wheelers representing product category and banking service representing service sector, and compares them. The buying attributes considered were based on literature review, including quality of core product/service, product/service features, quality of basic customer service, brand name, price, availability, quality of supplementary service;for banking services, location and brand name were also considered.

The most important attribute found when buying an automotive was quality of the core product, followed by product features, quality of basic customer service, brand name, price, availability, and finally, quality of supplementary service. The most important attribute found when availing banking service was quality of the core service, followed by quality of basic customer service, location, quality of supplementary service, and finally, brand name. The paper will help management researchers and professionals in the consumer behaviour area to better understand the buying attributes of consumers for automotive products and banking services. The knowledge of decision-making attributes will benefit marketers who struggle to understand the consumer mind in competitive environment.


Keywords


Buying Attributes, Automotive Product, Banking Service, Core Service, Basic Service, Supplementary Service.

References