Lesson 5-The Consumer Decision Making Process

Cards (23)

  • Buying motives
    Provoked need, urge, or desire that commences the succession of events that may motivate a buyer to purchase something
  • Consumer's buying motives
    • Need
    • Health benefits
    • Curiosity
    • Admiration
    • Fashion
    • Comfort and convenience
    • Pride/Prestige
  • Rational buying motives
    Inspires the prospective buyer to make a purchase based on one's purpose and perceptiveness
  • Rational buying motives
    • Reason
    • Judgement
    • Logic
  • Rational motives
    • Price
    • Quality
    • Necessity
    • Reliability
    • Low maintenance
    • Durability
    • Simplicity
    • Uncomplicatedness
    • Safety
    • Economical
  • Emotional buying motives
    Stimulates an individual to make a purchase as a result of an appeal to some sentiment or passion or urge
  • Emotional motives
    • Amusement
    • Looks/Appearance
    • Social approval
    • Pleasure
    • Recognition
    • Pastime/Leisure
    • Affection
  • Patronage buying motives
    Investigates the buyer to purchase a product from one particular shop rather than another or from choosing one brand over the other
  • Patronage motives
    • Ambiance
    • Location
    • Customer service
    • Product/Service quality
    • Product/Service assortment
  • Buying roles
    • Initiator
    • Influencer
    • Decider
    • Buyer
    • User
  • Consumer decision making process
    1. Problem recognition
    2. Information search
    3. Evaluation of alternatives
    4. Purchase decision
    5. Post-purchase evaluation
  • Problem recognition
    The state where an individual perceives a need
  • Reasons for problem recognition
    • Running out of product
    • Dissatisfaction
    • New product/New needs and wants/Related products
    • Market-induced recognition
  • Information search
    Seeking value - the deliberate attempt to gain knowledge before making any big decisions to purchase something
  • Types of information search
    • Internal
    • External
  • Determinants of external search
    • Situational
    • Consumer
    • Product
    • Retail
  • Evoked set
    A specific group or set of brands, products, or services that a consumer considers when making a purchasing decision within a particular product category
  • Evaluation of alternatives
    Occurs either separately or in conjunction with information search
  • Evaluation of products
    • Analyze product attributes
    • Use cut-off criteria
    • Rank attributes by importance
  • Purchase decision
    Determines which attributes are most important in influencing a customer's choice
  • Types of purchase decision
    • Trial purchase
    • Repeat purchase
    • Long-term commitment purchases
  • Post-purchase behavior
    The stage where the consumer reacts and evaluates the commodity purchased, leading to satisfaction or dissatisfaction
  • Outcomes of post-purchase behavior
    • Actual performance equals or matches expectations (neutral feeling, may lead to repurchase)
    • Actual performance greater than or exceeds expectations (positive feeling, leads to consumer loyalty)
    • Actual performance less than or below expectations (negative feeling, leads to rejection)