Chapter 6 Flashcards
Consumer Decision-Making Process
Cultural, Social, Individual, and psychological factors affect all steps = 1. Need recognition, 2. Information Search, 3. Evaluation of Alternatives, 4. Purchase, 5. PostPurchase Behavior
Stimulus
Any unit of input affecting one or more of the five senses..sight, smell, taste, touch and hearing.
Understanding Wants & Needs
If marketers don’t understand the target market’s needs, the right good or service amy not be produced.
An excellent way to understand needs is to view them as job statements or outcome statements.
Marketers selling their products in global markets must observe the needs and wants of consumers in various regions.
External Information Search- Need Less Info
Less Risk, More knowledge, More product experience, Low level interest, confidence in decision
External Information Search- Need More Info
More Risk, less knowledgable, less product experience, high level of interest, lack of confidence
Evoked Set
G
Post Purchase Behavior
Explain the consumer’s post purchase evaluation process
Cognitive Dissonance
Inner tension that a consumer experiences after recognizing an inconsistency between behavior and values or opinions.
PostPurchase Behavior
Consumers can reduce dissonance by:
Seeking information that reinforces positive ideas about the purchases, Avoiding information that contradicts the purchase decision, Revoking the original decision by returning the product
Consumer Buying Decisions and Consumer Involvement
(Less Involvement) Routine Response Behavior, Limited Decision Making, Extensive Decision Making (More Involvement)
Involvement
The amount of time and effort a buyer invests in the search, evaluation, and decision processes of consumer behavior.
Routine Response Behavior
Little involvement in selection process *
Limited Decision Making
Low Levels of involvement, low to moderate cost goods, evaluation of a few alternative brans
Extensive Decision Making
High levels of involvement, high cost goods, evaluation of many brands, long time to decide