Chapter 4 Flashcards
Consumer Decision Making Process
Problem recognition ( motivation) Info search (perception) Alternative evaluation (attitude formation) Purchase decision (Decision rules) Post purchase evaluation ( satisfaction)
Sources of problem recognition
( w/out marketers involvement)
out of stock
new needs or wants ( new baby)
(w marketers involvement)
market induced recognition(buying a certain car suggest)
new products ( new iPhones)
Maslow’s hierarchy of needs
Self actualization (self fulfillment) Ego ( status, self respect) social (friendship) safety and security physiological (food, water, sex)
information search
internal and external
selective perception process
selective exposure
selective attention
selective comprehension
selective retention
evaluation of alternatives
all available brands vs. evoked set of brands
kinds of reminder advertising
Build brand awareness and keep the brand name in front of consumers– “mindshare marketing”
Remind consumers about the brand when a certain purchase situation occurs
Fishbein’s Multiattribute Model
attitude towards brand = sum of number of attributes considered (X) belief ant brands performance (X)importance attached to attribute
ways to change attitudes
- Change beliefs about an important attribute’
- Change perception of the importance of an attribute
- Add a new attribute
Purchase Decision and Evaluation
•Heuristics: simplified decision rules
•Affect referral decision rule
oSelection is made on the basis of overall impression or summary evaluation of the various alternatives under consideration
Post Purchase Evaluation (Expectancy-disconfirmation model:)
satisfaction= performance met expectations dissatisfaction= performance did not meet expectations
How promotional campaigns can change consumer attitudes according to the multiattribute attitude model
Belief score and importance score
4 ENCODING FORMATS
verbal, graphics, musical, and animation
elements in communication process
source>encoding> channel message>decoding>receiver
- goes from sender to reciever
four traditional models of the response process and their correspondent marketing contexts
AIDIA(attention, interest, desire action) PERSONAL SELL
Heriachy of affects model; ADVERTISING
innovation adoption model; NEW PRODUCT
info processing model;ADVERTISING