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.
2
Q
Consumer decision making process is a 5 step process
A
- Need recognition
- Information search
- Evaluation of alternatives
- Purchase
- Post-purchase behaviour
3
Q
Define engineered demand
A
Where firms, led by marketers, discover a marketable need not yet known by the consumer.
4
Q
Define consumer to consumer (C2C) reviews
A
Reviews of products on the vendor’s sites where the products are purchased.
5
Q
Define cognitive dissonance
A
The inner tension that a consumer experiences after recognizing an inconsistency of values or opinions.
6
Q
List the types of consumer buying decisions
A
Is a table:
Top row:
- Limited
- routine
- extensive
Left column:
- Involvement
- Time
- Cost
- Information search
- # of alternatives
7
Q
Social influences on consumer buying behaviour
A
Direct:
- Primary
- Secondary
Indirect:
- Aspirational
- Nonaspirational