Exam 2 Chap 6 Flashcards
Consumer behavior
Process a consumer uses to make purchase decision, as well as to use and dispose of purchased goods or service
- also include factors that influence purchase decision and product use
- consumer product and service always changing
Value
A personal assessment of the net worth one obtain from making a purchase.
— what you get - what you give up
Perceived value
The value a consumer expect to obtain from a purchase
Ex: more or less than expected
Utilitarian value
A value derived from a product or service that helps the consumer solve problem and accomplish tasks
Ex: buying washer and dryer, coffee maker
Hedonic value
A value that acts as an end in itself rather than as a means to an end.
- good feelings, happiness and satisfaction with the purchase give us.
Ex: sky vacation, or drinking coffee
What are the 5 steps of consumer decision making process
- Need recognition
- Information search
- Evaluation of alternative
- Purchases
- Post-purchase behavior
Consumer decision making process
5 step process used by consumer when buying goods or services
What does the 5 steps of the decision making process represent?
Traditional buying process.
- used to guide for studying how consumer make decision
What is under the need recognition
- need recognition
- want
- stimulus
- want got gap
Want is____
Recognition of an unfulfilled need and a product that will satisfy it.
- can be viewed in terms of 4 goals: economic, sustaining, treating, and rewarding
What are the 4 goals want can be viewed as
Economizing, sustaining, treating, rewarding
Is need for recognition the first step in decision making process?
Yes
Define need recognition
The result of an imbalance between actual and desired state
What are the two stimulus categories?
Internal
External
Stimulus is ___
Any unit of input affecting one or more of the five sense: right, smell, taste, touch, hearing
What are the 5 sens that are affected by stimulus?
- sight Smell Taste Touch Hearing
What activate the decision making process?
The imbalance from the need recognition
Internal stimuli___
Ex: hunger or thirst
External stimuli ___
Influences from an outside source
Ex: stomach make noise
How is need to recognition triggered?
Exposed to either internal or external stimulus
What is the Key word for the definition of Need recognition?
RESULT
Want-got gap
The imbalance between actual and desired states
- difference between what a consumer has and what he would like to have
What is under Information search
- internal info search
- external info search
—> non-marketing controlled info source
—> marketing-controlled info source - evoked set (consideration set)
Internal info search is___
The process of recalling past info stored in the memory
Ex: previous experience with product (hotel)