Chapter 13 Flashcards
Attribute based evaluation
Evaluative process wherein alternatives are evaluated across a set of attributes that are considered relevant to the purchase situation
Affect-based evaluation
Evaluative process wherein consumers evaluate products based on the overall feeling that is evoked by the alternative
Attribute correlation
Perceived relationship between product features
Perceived favourable results derived from a particular feature
Benefit
Bounded rationality
Idea that consumers attempt to act rationally within their information-processing constraints
Decision rule that allows consumers to select products that may perform poorly on one criterion by compensating for the poor performance on one attribute by good performance on another
Compensatory rule
Conjoint analysis
Technique used to develop an understanding of the attributes that guide consumer preferences by having consumers compare product preferences across varying levels of evaluative criteria and expected utility
Conjunctive rule
Noncompensatory decision rule where the opinion selected must surpass a minimum cutoff across all relevant attributes
Determinant criteria
Criteria that are most carefully considered and directly related to the actual choice that is made
Non compensatory decision rule where the option selected surpasses a relevant overly high cut off point on any attribute
Disjunctive rule
Elimination by aspects rule (EBA)
Non compensatory decision rule where the consumer begins evaluating options by first looking at the most important attribute and eliminating any option that does not meet a minimum cutoff point for that attribute and where subsequent evaluations proceed in order of importance until only one option remains
Evaluative criteria
Attributes that consumers consider when reviewing alternative solutions to a problem
Feature
Performance characteristics of an object
Judgements
Mental assessments of the presence of attributes and the consequences associated with those attributes.
Lexicographic rule
Non compensatory decision rule where the option selected is thought to perform best on the most important attribute