Thus in various ways B2B marketing both differs from and mirrors the consumer

Thus in various ways b2b marketing both differs from

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Thus, in various ways B2B marketing both differs from and mirrors the consumer behavior (B2C) process we detailed in Chapter 5 . The differences, however, in the six stages of the buying process make sense in view of the many unique factors that come into play. The constitution of the buying center (initiator, influencer, decider, buyer, user, and gatekeeper), the culture of the purchasing firm (autocratic, democratic, consultative, or consensus), and the context of the buying situation (new buy, modified rebuy, straight rebuy) all influence the B2B buying process in various ways, which means that sellers must be constantly aware of these factors if they want to be successful in their sales attempts. Finally, just as it has done seemingly everywhere we look, the Internet has radically changed some elements of the B2B world, increasing the frequency of both private electronic exchanges and auctions. p. 186 CHECK YOURSELF 1.What factors affect the B2B buying process? 2.What are the six different buying roles? 3. What is the difference between new buy, straight rebuy, and modified rebuy? Summing Up Describe the different types of buyers and sellers that participate in business-to- business (B2B) markets. All firms want to divide the market into groups of customers with different needs, wants, or characteristics who therefore might appreciate products or services geared especially toward them. On a broad level, B2B firms divide the market into four types: manufacturers or producers, resellers, institutions, and government. Manufacturers purchase materials to make their products and components and expertise to help run their businesses, such as computer and telephone systems. Resellers are primarily wholesalers, distributors, or retailers that sell the unchanged products. Institutions include nonprofit organizations such as hospitals, schools, or churches. Finally, governments purchase all types of goods and services, but in the United States, defense is among the largest expenditures. List the steps in the B2B buying process. Similar to the B2C buying process, the B2B process consists of several stages: need recognition; product specification; the RFP process; proposal analysis, vendor negotiation, and selection; order specification; and vendor performance assessment using metrics. The B2B process tends to be more formalized and structured than the customer buying process. Identify the different roles within the buying center. The initiator first suggests the purchase. The influencer affects important people's perceptions and final decisions. The decider ultimately determines at least some of the buying decision—whether, what, how, or where to buy. The buyer handles the details of the actual purchase. The user
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consumes or employs the product or service. The gatekeeper controls information and access to decision makers and influencers.
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