Chapter 9 Flashcards

Individual Decision Making

1
Q

Habitual decision-making

A

Choices made with little to no conscious effort

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2
Q

Limited problem-solving

A

More straightforward or simple purchases, consumers use simple decision rules to choose am among alternatives

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3
Q

Extended problem-solving

A

High involvement and purchase decision is perceived as high risk. The consumer will collect extensive information and conduct evaluation of brand attributes.

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4
Q

The decision-making process

A
  1. Problem recognition.
  2. Information search.
  3. Evaluation of alternatives.
  4. Product choice.
  5. Consumption and learning.
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5
Q

Internal information search

A

Scanning memory to assemble product alternative information

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6
Q

External information search

A

Obtaining information from advertisements, retailers, catalogs, friends, family, people watching, and consumer reports.

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7
Q

Relying on a product signal

A

Observable product attributes that communicate underlying qualities.

A shiny car leads consumers to believe it’s in mechanical condition

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8
Q

Covariation

A

Perceived associations among events

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9
Q

Country of origin

A

We strongly associate certain items with specific countries.

Think, German cars, switch watches, and French wines.

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10
Q

Brand habit

A

We buy out of habit because it requires less effort, but branding may occur frequently due to cheaper price or original brand out out of stock, point-of-purchase displays.

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11
Q

Brand loyalty

A

Repeat purchase behavior, reflecting a conscious decision to continue buying the same brand.

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12
Q

Compensatory decision rules

A

A weakness on one attribute can be compensated by for a strength on another attribute.

Simple additive rule: the brand with a number of positive attributes is chosen.

Weighted additive rule: multiply brand scores by importance weighing, and then brand with high score is chosen.

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13
Q

Non-compensatory decision rules

A

A weakness on one attribute cannot be compensated by strength on another attribute.

Assessment of attributes across all brands:
- lexicographic rule
- elimination by aspect rule
- conjunctive rule
- disjunctive rule

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14
Q

Lexicographic rule

A
  1. Most important attribute.
  2. Winner, then choose that brand. Tie…
  3. If tie then second most important attribute.
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15
Q

Elimination by aspects

A
  1. Most important attribute.
  2. Set minimum cut off.
  3. Does the brand meet the cut off?
  4. If more than one brand left, go to next most important attribute.
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16
Q

Conjunctive rule

A
  1. Decide on most important attributes.
  2. Set minimum desired level for these attributes.
  3. Select a brand that meets minimum level on all important attributes.
17
Q

Disjunctive rule

A
  1. Decide on most important attributes.
  2. Set desired level for attributes.
  3. Select first that meets or exceeded the desired level for either attribute.
18
Q
A