Mensah, K.; Madichie, N.; Mensah, G. Consumer Buying Behaviour in Crisis Times: Uncertainty and Panic Buying Mediation Analysis. Preprints2023, 2023020403. https://doi.org/10.20944/preprints202302.0403.v1
APA Style
Mensah, K., Madichie, N., & Mensah, G. (2023). Consumer Buying Behaviour in Crisis Times: Uncertainty and Panic Buying Mediation Analysis. Preprints. https://doi.org/10.20944/preprints202302.0403.v1
Chicago/Turabian Style
Mensah, K., Nnamdi Madichie and Gilbert Mensah. 2023 "Consumer Buying Behaviour in Crisis Times: Uncertainty and Panic Buying Mediation Analysis" Preprints. https://doi.org/10.20944/preprints202302.0403.v1
Abstract
This study uses the social impact theory to analyse consumer behaviour amidst Covid-19. Fear of scarcity has changed consumer buying behaviour in crisis times such as the now abating global health crisis – i.e., Covid-19. The study asserts that the existing five-stage model of consumer purchasing decisions does not fit neatly in turbulent times. It proposes a shortened four-stage process of need recognition, purchase, ownership and satisfaction as a better and more adaptable fit. Cutting out information search and evaluation of alternatives in the old model, and replacing these with ownership, is where the main contribution of the study lies. The study has implications for managing the marketing mix as we know it. It asserts that not all the 4Ps of the marketing mix are important in crisis times.
Keywords
consumer buying behaviour; marketing-mix; marketing; panic buying; crisis times
Subject
Business, Economics and Management, Business and Management
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
