Chapter Six Flashcards
consumer decision making process
a 5 step process used by consumers when buying goods or services
what are the 5 steps of the consumer decision making process
- need negotiation 2. info research 3. evaluation of alternatives 4.purchase 5. post purchase behaviour
need recognition
the result of an imbalance between actual and desired states
stimulus
any unit of input affecting one or more of the five senses: sight, smell, taste, touch, hearing
engineered demand
where firms, led by marketers, discover a marketable need not yet known by the consumer
need
a state of being where we desire something that we do not possess but wish to acquire
internal info research
the process of recalling info stored in ones memory
external info research
the process of seeking info in the outside environment
non marketing controlled info source
a product info source not associated with advertising or promotion
consumer to consumer (C2C) reviews
consumers reviews of products on the vendors sites where the product was purchased
platform
a business model, usually digital, where producers and buyers exchange value
evoked set
a group of the most preferred alternatives resulting from an info search, which a buyer can further evaluate to make a final choice
decision confirmation
the reaffirmation of the wisdom of the decision a consumer has made
cognitive dissonance
the inner tension that a consumer experiences after recognizing an inconsistency between behaviour and values or opinions
involvment
the amount of time and effort a buyer invests in the search, evaluation and decision processes of consumer behaviour
routine responses behaviour
the type of decision making exhibited by consumers buying frequently purchased, low lost goods and services; requires little search and decision time
culture
the set of values, norms, attitudes and other meaningful symbols that shape human behaviour and the artifacts or products of that behaviour as they are transmitted from one generation to the next