Types of Industrial Buying Behavior:

Cards (7)

  • Industrial buying behavior refers to businesses actions and decision-making processes in purchasing to supply the business. It is characterized by a more rational approach than consumer buying behavior, as businesses focus on maximizing efficiency and profitability rather than catering to individual preferences
  •  Make Some businesses do not always purchase since they can make the product or provide the service using their resources.
  • Systematic Buying Businesses

    • Develop specific and well-defined purchasing processes and carefully consider all available options before making a purchasing decision
  • Purchasing situations
    • New purchase
    • Modified purchase
    • Repeat purchase
  • New purchase
    Organization purchases for the first time
  • Modified purchase
    Organization already has experience with a similar product or service, but the new purchase has some alterations or improvements
  • Repeat purchase
    Organization has previously bought the same product or service and is making a similar purchase again