Ch. 5 Flashcards
the buying behavior of final consumers, individuals, and households, who buy goods and services for personal consumptions
consumer buying behavior
- Problem recognition
- Information search
- Evaluation of alternatives
- Purchase decision
- Post-purchase
5-step decision making process
- physical
- psychological
- utilitarian (fuctionality)
- hedonic (style/fun)
types of needs
scanning memory to assemble product alternative information (top of mind awareness)
internal search
information obtained from retailers, marketer-dominated media (ads, co. websites), interpersonal sources (friends/family, social media), independent media (news reports), experiential search (product sample/trial)
external search
features we use to differentiate among our choices (criteria on which products differ carry more weight)
determinant attributes
occurs when consumer perceives different between current state and ideal state
need recognition
consumers need information to solve problems
information search
deciding on one product and acting on choice
purchase decision
perceptions - expectations = ___
satisfaction
perceptions <= expectations
dissastisfaction
perceptions = expectations
satisfaction
perceptions >= expectations
delight
internal conflict arising from inconsistency between beliefs, behavior or a combo of both (e.g. buyer’s remorse)
(especially likely for products that are expensive, don’t work as intended, infrequently purchases, and associated with high risk)
cognitive dissonance
Satisfaction impacts customers loyalty and word-of-mouth (WOM) communication (T/F)
True