Unit 7 - Judgments and Decision-Making Flashcards
Decision Marking Process
- Problem Recognition
- Information Search
- Evaluation of Alternatives
- Product Choice
- Post-Purchase Evaluation
We do more extended processing in situations that
arouse negative emotions due to conflicts among the available choices.
product categorization
a crucial determinant of how a product is evaluated. These classifications derive from different product attributes, including appearance, price, or previously learned connections.
levels of categorisation
- basic level category
- superordinate category
- subordinate category
Basic level category:
the most useful in classifying products. At this level, the items we group together tend to have a lot in common with each other, but still permit us to consider a broad enough range of alternatives
Superordinate category:
more abstract.
Subordinate category:
it often includes individual brands.
Positioning of a product.
The success of a positioning strategy often hinges on the marketer’s ability to convince the consumer that their product should be considered within a given category.
Strategic implications of product categorisation → location of products in a store
- product categorisation can affect consumers’ expectations
- if products do not clearly fit into categories this may diminish our ability to find them or work out what they are meant to do once we have found them
Evaluative criteria:
are the dimensions we use to judge the merits of competing options.
Determinant attributes:
are the features we actually use to differentiate among our choices.
A company’s reputation for
corporate social responsibility is emerging as one of the most important determinant attributes when people choose among brands.
We can describe the processes we use when we are giving more thought to these decisions by dividing the types or rules we use into two categories:
compensatory and non-compensatory.
Non-compensatory decision rules: (types)
we use them when we feel that a product with a low standing on one attribute cannot compensate for this flaw by doing better on another attribute.
Non compensatory decision rules
- The lexicographic rule:
- The elimination-by-aspects rule:
- The conjunctive rule: