Chapter 6: Consumer decision making Flashcards

1. Understand consumer behaviour 2. Components of consumer decision making process

1
Q

Define consumer behaviour

A

How consumers make purchase decisions and factors that influence decisions and product use.

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2
Q

Consumer decision making process is a 5 step process

A
  1. Need recognition
  2. Information search
  3. Evaluation of alternatives
  4. Purchase
  5. Post-purchase behaviour
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3
Q

Define engineered demand

A

Where firms, led by marketers, discover a marketable need not yet known by the consumer.

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4
Q

Define consumer to consumer (C2C) reviews

A

Reviews of products on the vendor’s sites where the products are purchased.

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5
Q

Define cognitive dissonance

A

The inner tension that a consumer experiences after recognizing an inconsistency of values or opinions.

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6
Q

List the types of consumer buying decisions

A

Is a table:
Top row:

  1. Limited
  2. routine
  3. extensive

Left column:

  1. Involvement
  2. Time
  3. Cost
  4. Information search
  5. # of alternatives
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7
Q

Social influences on consumer buying behaviour

A

Direct:

  • Primary
  • Secondary

Indirect:

  • Aspirational
  • Nonaspirational
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