Podcast
Questions and Answers
What is the term used for the realization of a problem triggered by an external stimulus?
What is the term used for the realization of a problem triggered by an external stimulus?
- Life stage changes
- Opportunity recognition (correct)
- Stock depletion
- Developing new tastes
Which situation exemplifies stock depletion as a problem recognition trigger?
Which situation exemplifies stock depletion as a problem recognition trigger?
- Deciding to start a new hobby
- Developing a passion for art
- Emptying a box of cereal (correct)
- Feeling hungry for gourmet food
What type of problem recognition occurs as individuals transition through various life stages?
What type of problem recognition occurs as individuals transition through various life stages?
- Encounter with new technology
- Opportunity recognition
- Stock depletion
- Life stage changes (correct)
Which of the following describes the concept of developing new tastes?
Which of the following describes the concept of developing new tastes?
How can marketers assist in recognizing invisible problems for consumers?
How can marketers assist in recognizing invisible problems for consumers?
What subtle problem recognition might occur with exposure to new technology or products?
What subtle problem recognition might occur with exposure to new technology or products?
What does 'solution stimuli' refer to in consumer problem recognition?
What does 'solution stimuli' refer to in consumer problem recognition?
In the context of consumer behavior, how do automatic replenishment systems function?
In the context of consumer behavior, how do automatic replenishment systems function?
What is the primary aim of primary demand creation?
What is the primary aim of primary demand creation?
Which of the following sets includes brands that consumers do not remember during decision making?
Which of the following sets includes brands that consumers do not remember during decision making?
In the context of information search, what is typically found first by a consumer?
In the context of information search, what is typically found first by a consumer?
What does the consideration set include?
What does the consideration set include?
Marketers often engage in secondary demand creation to:
Marketers often engage in secondary demand creation to:
What characterizes the evoked set in consumer decision-making?
What characterizes the evoked set in consumer decision-making?
If a consumer considers certain brands but finds them unsuitable, these brands belong to which set?
If a consumer considers certain brands but finds them unsuitable, these brands belong to which set?
What role do market leaders typically play in primary demand creation?
What role do market leaders typically play in primary demand creation?
What characterizes independent sources of information?
What characterizes independent sources of information?
What distinguishes an extender from a simplifier in consumer search styles?
What distinguishes an extender from a simplifier in consumer search styles?
Which type of problem is characterized by frequent past solutions and minimal new information?
Which type of problem is characterized by frequent past solutions and minimal new information?
What does the term 'information overload' refer to?
What does the term 'information overload' refer to?
What main factors influence perceived risk in decision making?
What main factors influence perceived risk in decision making?
What is a hallmark of limited problem solving?
What is a hallmark of limited problem solving?
How does cognitive style affect consumer information processing?
How does cognitive style affect consumer information processing?
Which type of problem requires extensive information search due to high risks and unfamiliarity?
Which type of problem requires extensive information search due to high risks and unfamiliarity?
What type of risk is associated with the possibility of experiencing negative social perceptions from others regarding a product?
What type of risk is associated with the possibility of experiencing negative social perceptions from others regarding a product?
Which factor tends to increase the thoroughness of a consumer's information search prior to making a purchase?
Which factor tends to increase the thoroughness of a consumer's information search prior to making a purchase?
What is the term for the knowledge and understanding of product attributes that influences consumer decisions?
What is the term for the knowledge and understanding of product attributes that influences consumer decisions?
Which consumer shopping style is characterized by thorough comparison shopping for better value?
Which consumer shopping style is characterized by thorough comparison shopping for better value?
What term describes the standards consumers use to assess a product's attributes during decision-making?
What term describes the standards consumers use to assess a product's attributes during decision-making?
In which evaluation model do consumers trade off a product's perceived weaknesses against its strengths?
In which evaluation model do consumers trade off a product's perceived weaknesses against its strengths?
What typically causes consumers experiencing time pressure to adjust their shopping behavior?
What typically causes consumers experiencing time pressure to adjust their shopping behavior?
What does the term 'determinant attributes' refer to in consumer evaluation?
What does the term 'determinant attributes' refer to in consumer evaluation?
What does familiarity imply regarding consumer decision-making when purchasing a product?
What does familiarity imply regarding consumer decision-making when purchasing a product?
Which of the following accurately describes the behavior of brand loyal consumers?
Which of the following accurately describes the behavior of brand loyal consumers?
What is the first step in the consumer decision process?
What is the first step in the consumer decision process?
Which of the following best defines problem recognition in consumer behavior?
Which of the following best defines problem recognition in consumer behavior?
Which stimulus type represents discomfort arising from inner thoughts or feelings?
Which stimulus type represents discomfort arising from inner thoughts or feelings?
What type of external stimuli serves as a source of information that directly points to a problem?
What type of external stimuli serves as a source of information that directly points to a problem?
Which scenario exemplifies internal stimuli in problem recognition?
Which scenario exemplifies internal stimuli in problem recognition?
What does solution stimuli refer to in the context of consumer decision making?
What does solution stimuli refer to in the context of consumer decision making?
Which of the following is NOT an avenue of problem recognition?
Which of the following is NOT an avenue of problem recognition?
When does problem recognition occur in the consumer decision process?
When does problem recognition occur in the consumer decision process?
What distinguishes the disjunctive model from the compensatory model?
What distinguishes the disjunctive model from the compensatory model?
In the lexicographic model, what is the first step a consumer must take?
In the lexicographic model, what is the first step a consumer must take?
How does the elimination by aspects model differ from the lexicographic model?
How does the elimination by aspects model differ from the lexicographic model?
What is a primary characteristic of decision heuristics?
What is a primary characteristic of decision heuristics?
In the context of the disjunctive model, what implication does having a finished basement or an extra bedroom have?
In the context of the disjunctive model, what implication does having a finished basement or an extra bedroom have?
If a consumer using the elimination by aspects model finds multiple options that meet the minimum requirement on the first attribute, what do they do next?
If a consumer using the elimination by aspects model finds multiple options that meet the minimum requirement on the first attribute, what do they do next?
What is a key difference between the compensatory and disjunctive models in decision-making?
What is a key difference between the compensatory and disjunctive models in decision-making?
What is the primary focus of questions addressed by systematic decision approaches?
What is the primary focus of questions addressed by systematic decision approaches?
Flashcards
Consumer Decision Process
Consumer Decision Process
A series of steps consumers go through when making a purchase decision. Starting with recognizing a problem or need, then evaluating options, and finally making a purchase and evaluating their satisfaction.
Problem Recognition
Problem Recognition
The first step of the consumer decision process where a consumer realizes a gap exists between their current state and a desired state.
Consumer Problem
Consumer Problem
Any state of deprivation that causes discomfort physically or mentally, leading to a desired state.
Internal Stimuli
Internal Stimuli
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External Stimuli
External Stimuli
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Problem Stimuli
Problem Stimuli
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Solution Stimuli
Solution Stimuli
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Desired State
Desired State
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Opportunity Recognition
Opportunity Recognition
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Stock Depletion
Stock Depletion
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Life Stage Changes
Life Stage Changes
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Developing New Tastes
Developing New Tastes
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New Technology/New Products
New Technology/New Products
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Helping Consumers Recognize Problems
Helping Consumers Recognize Problems
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Invisible Problems
Invisible Problems
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Primary Demand Creation
Primary Demand Creation
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Secondary Demand Creation
Secondary Demand Creation
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Awareness Set
Awareness Set
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Evoked Set
Evoked Set
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Inert Set
Inert Set
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Inept Set
Inept Set
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Consideration Set
Consideration Set
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Information Search
Information Search
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Independent Sources
Independent Sources
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Search Styles
Search Styles
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Extender
Extender
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Simplifier
Simplifier
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Information Overload
Information Overload
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Routine Problems
Routine Problems
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Extended Problems
Extended Problems
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Limited Problems
Limited Problems
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Physical Risk
Physical Risk
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Social Risk
Social Risk
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Psychological Risk
Psychological Risk
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Financial Risk
Financial Risk
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Obsolescence Risk
Obsolescence Risk
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High Involvement
High Involvement
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Familiarity and Expertise
Familiarity and Expertise
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Extender Shopping Style
Extender Shopping Style
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Determinant Attributes
Determinant Attributes
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Compensatory Model
Compensatory Model
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Disjunctive Model
Disjunctive Model
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Lexicographic Model
Lexicographic Model
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Elimination by Aspects Model
Elimination by Aspects Model
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What is the key difference between disjunctive and compensatory models?
What is the key difference between disjunctive and compensatory models?
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What is the key difference between lexicographic and elimination by aspects models?
What is the key difference between lexicographic and elimination by aspects models?
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What are the advantages of using decision models in a consumer decision process?
What are the advantages of using decision models in a consumer decision process?
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What is the purpose of the 'minimum required values' in the elimination by aspects model?
What is the purpose of the 'minimum required values' in the elimination by aspects model?
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Study Notes
Consumer Decision Process
- The consumer decision process begins when a consumer recognizes a problem or need that needs solving.
- A problem can be physical, such as hunger, or psychological, such as boredom or anxiety.
- Problem recognition is the consumer's realization of the gap between their current state and desired state.
- Problem recognition has four avenues: internal stimuli, external stimuli, stock depletion, and life stage changes.
Information Search
- Information search involves finding out about available alternatives and their features in the marketplace.
- When consumers are unfamiliar with a product, they initially explore one alternative, then learn more about it and others, until they feel they've gathered enough information.
- This creates an awareness set (all known brands) and an evoked set (the subset of brands remembered during decision making).
Evaluation of Alternatives
- Consumers evaluate alternatives by comparing them against criteria, which can be product attributes.
- Judgment models are procedures for evaluating alternatives based on different criteria.
- Compensatory models evaluate alternatives by weighing the positive and negative attributes and choosing the one with the most positives.
- Noncompensatory models, such as the conjunctive method, assess alternatives based on minimum cutoffs on attributes and eliminate alternatives that don't meet these.
Purchase
- Choosing and purchasing a product or service follows determining the most preferred alternative.
- This includes purchase intent, making the transaction process and taking possession.
Post-purchase
- The post-purchase experience provides feedback for future decision-making.
Involvement
- Consumers have different levels of involvement in the decision process.
- Low involvement purchases include frequently bought items (cereal, milk).
- High involvement purchases include significant decisions (expensive items, first-time purchases).
Decision Heuristics
- Quick decision-making methods.
- Consumers use shortcuts such as brand names or past experiences to make choices quickly.
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