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Questions and Answers
What is typically true about consumer involvement when there is previous experience with a product?
What is typically true about consumer involvement when there is previous experience with a product?
Which type of consumer decision-making behavior is characterized by the least amount of thought or effort?
Which type of consumer decision-making behavior is characterized by the least amount of thought or effort?
Which of the following is a key factor that increases consumer involvement at the point of purchase?
Which of the following is a key factor that increases consumer involvement at the point of purchase?
Which type of involvement involves a product category with high personal relevance?
Which type of involvement involves a product category with high personal relevance?
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In what scenario might a low-involvement decision temporarily become a high-involvement one?
In what scenario might a low-involvement decision temporarily become a high-involvement one?
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For high-involvement purchases, which marketing strategy is most effective?
For high-involvement purchases, which marketing strategy is most effective?
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Which of the following is NOT a category of consumer decision-making behavior?
Which of the following is NOT a category of consumer decision-making behavior?
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What commonly triggers increased anxiety and perceived risk in consumers?
What commonly triggers increased anxiety and perceived risk in consumers?
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What type of decision-making is characterized by little search and decision time for frequently purchased, low-cost goods?
What type of decision-making is characterized by little search and decision time for frequently purchased, low-cost goods?
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Which decision-making type requires a moderate amount of time for information gathering in a familiar product category?
Which decision-making type requires a moderate amount of time for information gathering in a familiar product category?
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What is the most complex type of consumer decision making that involves evaluation of several criteria and significant time investment?
What is the most complex type of consumer decision making that involves evaluation of several criteria and significant time investment?
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Which factor is NOT typically associated with influencing consumer involvement in buying decisions?
Which factor is NOT typically associated with influencing consumer involvement in buying decisions?
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In what scenario is extensive decision making most likely to occur?
In what scenario is extensive decision making most likely to occur?
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Which marketing strategy can effectively minimize cognitive dissonance after a purchase?
Which marketing strategy can effectively minimize cognitive dissonance after a purchase?
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What is one of the main characteristics that differentiates extensive decision making from routine response behavior?
What is one of the main characteristics that differentiates extensive decision making from routine response behavior?
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Which of the following would likely involve routine response behavior?
Which of the following would likely involve routine response behavior?
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What best describes routine response behavior in consumer decision-making?
What best describes routine response behavior in consumer decision-making?
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Which type of consumer behavior is characterized by moderate involvement and some research?
Which type of consumer behavior is characterized by moderate involvement and some research?
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Extensive decision making is most likely to occur in which scenario?
Extensive decision making is most likely to occur in which scenario?
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What factor is least likely to influence consumer involvement in a decision-making process?
What factor is least likely to influence consumer involvement in a decision-making process?
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Which marketing strategy is essential for reducing the 'consider and evaluate' stages of the consumer journey?
Which marketing strategy is essential for reducing the 'consider and evaluate' stages of the consumer journey?
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What is a key characteristic of the consumer decision journey following a purchase?
What is a key characteristic of the consumer decision journey following a purchase?
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Which of the following strategies enhances consumer personalization?
Which of the following strategies enhances consumer personalization?
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What distinguishes satisfied customers from those loyal to a brand?
What distinguishes satisfied customers from those loyal to a brand?
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Study Notes
Involvement
- The amount of time and effort a buyer invests in the search, evaluation, and decision processes of consumer behavior.
- The level of involvement typically decreases if the consumer has had prior experience with a good or service.
- The degree of interest has a direct correlation with involvement.
- Increased perceived risk (loss of wealth or status, or increased anxiety) increases consumer involvement.
Consumer Decision-Making
- Routine response behavior - Consumers use this decision-making style when buying frequently purchased, low-cost goods and services. The decision requires little search and decision time.
- Limited decision making - This decision-making style requires a moderate amount of time for gathering information and deliberating about an unfamiliar brand in a familiar product category.
- Extensive decision making - This is the most complex type of consumer decision-making, used when buying an unfamiliar, expensive product or an infrequently bought item. It requires many criteria for evaluating options and a lot of time for gathering information.
Types of Involvement
- Product - Consumers may be highly involved with a specific product category.
- Situational - The circumstances of a purchase may temporarily transform low-involvement decisions into high-involvement ones.
- Shopping - Represents the personal relevance of the shopping experience.
- Enduring - Represents an ongoing interest in a product.
- Emotional - Represents how emotional a consumer gets during some specific consumption activity.
Marketing Implications of Involvement
- For high-involvement product purchases, marketing managers should engage in extensive and informative promotions.
- For low-involvement product purchases, in-store promotion and targeted mobile ads are important tools.
- Offering products on a "limited availability" basis is one way marketers can increase involvement.
The Consumer Decision Journey
- Begins when an advertisement or other stimulus causes a consumer to research a number of products or services to meet his or her needs.
- The second phase occurs when the consumer evaluates the alternatives, using input from peers, reviewers, retailers, the brand itself, and competitors.
- The third phase is when the consumer buys or does not buy the product. If the customer enjoys the purchase, they may advocate for the brand and bond with it.
Minimizing the "Consider and Evaluate" Stages
- Companies can minimize or eliminate these stages by taking these steps:
- Automate (streamline journey steps, including re-ordering).
- Proactively personalize (use information to instantly customize the customer experience).
- Contextualize interactions (navigate a consumer to the next set of interactions).
- Innovate (extend customer interactions to new sources of value, such as related products or partnered businesses).
Loyalty Levels
- Satisfied - Customers who buy regularly, often out of habit, because they are satisfied with the brand's performance over a long period.
Cognitive Dissonance
- Feeling uncertainty after making a purchase.
- Consumers may try to reduce this by seeking reassurance in the form of positive reviews or by rationalizing their purchase choice.
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Description
Test your knowledge on consumer involvement and decision-making processes. This quiz covers various aspects of how consumers make choices, from routine purchases to extensive decision making. Understand the factors influencing consumer behavior and the levels of involvement in purchasing.