Consumer Decision Making and Shopping Orientations Quiz

Consumer Decision Making and Shopping Orientations

• Economics of Information Approach: Consumers gather information necessary to make informed decisions, based on their level of involvement.
• Cybermediary: Acts as an intermediary to filter and organize information for consumers from various online sources.
• Showrooming: Consumers visit stores to view products, seek advice, then make online purchases, representing external search.
• Variety Seeking: Consumers seek variety in their choices due to boredom or a desire for change.
• Heuristics: Consumers use mental rules or shortcuts to simplify decision-making.
• Biases in Decision Making: Consumers are often influenced by cognitive biases such as framing and sunk cost fallacy.
• Situational Effects on Buying: Various factors, including physical and social elements, influence consumer purchasing decisions.
• Antecedent Conditions: Predispositions and situational characteristics affect consumers' information processing, purchase, or consumption environments.
• Reasons for Shopping: People shop for social experiences, interpersonal attraction, instant status, the thrill of the chase, and various shopping orientations.
• Economic Consumer: Rational and goal-oriented consumers seek value for their money and may engage in couponing or bargain hunting.
• Personalized Consumer: Consumers with personalized shopping orientations based on their specific preferences and needs.
• Ethical Consumer: Consumers driven by ethical beliefs, such as supporting local, organic, or cruelty-free products, and boycotting certain stores.
• Apathetic Shopper: Consumers who dislike shopping and aim to complete the task quickly, although preferences may vary across different shopping categories.