Chapter 1 Flashcards
Introduction to Consumer Behaviour
What is consumer behavior?
The study of the processes involved when individuals or groups select, acquire, use/consume, and dispose of products, services ideas, or experiences to satisfy their needs and desires.
Buyer behaviour
Focusses on the moment of purchase
Consumer behaviour
Explore consumption as an ongoing process
The dark side of consumer behaviour
- compulsive buying
- shoplifting
- piracy
- compulsive or addictive consumption
Deviant consumer behaviour
Psychological abnormality or illegal behaviour: including Aunt acquisition behavior, and deviant usage behaviour.
Psychological deviant acquisition behaviour
Compulsive buying
Psychological abnormality, deviant usage behaviour
Addictive consumption: smoking, drugs, alcohol.
Compulsive consumption: compulsive gambling, binge eating.
Illegal behaviour and acquisition behaviour
Consumer, theft, and black markets
Illegal behaviour and deviant usage behaviour
Underage drinking, underage smoking, drug use.
What is compulsive buying also known as
- shopping addiction
- pathological buying
- the urge to shop
- compulsive buying-shopping disorder (CBSD)
What are traits of compulsive buying?
- chronic lack of restriction for excessive and repeated browsing and shopping or purchasing of items
- maladaptive preoccupations
- urges and craving for buying and shopping online or off-line
- significant distress caused by the buying preoccupations which interfere with social or occupational functioning
- often result in severe financial problems
Wicked Problems
Stopping a shopping addiction could lead to the person developing a (possibly worse) other addiction.
What does shoplifting do to the market?
- retailers lose about 0.8% of merchandise due to shoplifting
- consumers blow due to raised prices to cover shrinkage
Reasons for shoplifting
- real needs (can’t afford food)
- greed
- embarrassment (fungus creams, condoms)
- ability to rationalize/not think of themselves as thieves
What is financial infidelity?
When one of the people in a relationship/marriage is not honest about what is happening in their joint financial lives.