Consumer Decision Making Process: Terms and Definitions, Quizzes of Consumer Behaviour

Key terms related to consumer decision making process: need recognition, information search, evaluation of alternatives, choice, post-choice evaluation, decision making, experiential perspective, behavioral influence perspective, perceived risk, consumer search behavior, search regret, evaluative criteria, feature, benefit, determinant criteria, hedonic criteria, utilitarian criteria, bounded rationality, affect based evaluation, attribute based evaluation, product categories, perceptual attributes, underlying attributes, factors determining evaluative criteria, issues affecting consumer judgments, compensatory rules, noncompensatory rules, noncompensatory models, retail outlet selection, consumption and product classification, durable goods, nondurable goods, consumption frequency, situations and consumer reactions, meaning transference, consumer satisfaction, consumer dissatisfaction, theories of consumer satisfaction, expectations, locus, attribution theory.

Typology: Quizzes

2014/2015

Uploaded on 04/22/2015

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TERM 1
consumer decision making process
DEFINITION 1
need recognitionsearch for informationevaluation of
alternativeschoicepost choice evaluation
TERM 2
need recognition
DEFINITION 2
james realizes he needs a new business suit
TERM 3
search for information
DEFINITION 3
he pays attention to ads for apparel, talks with friends,
searches the internet, and scans QR codes, on retail shelves
to learn about alternatives
TERM 4
evaluation of alternatives
DEFINITION 4
james compares three different brands of suits on attributes
that he considers to be relevant
TERM 5
choice
DEFINITION 5
he selects a stafford suit bc he thinks it best fits his needs
and budgets
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consumer decision making process

need recognitionsearch for informationevaluation of

alternativeschoicepost choice evaluation

TERM 2

need recognition

DEFINITION 2

james realizes he needs a new business suit

TERM 3

search for information

DEFINITION 3

he pays attention to ads for apparel, talks with friends,

searches the internet, and scans QR codes, on retail shelves

to learn about alternatives

TERM 4

evaluation of alternatives

DEFINITION 4

james compares three different brands of suits on attributes

that he considers to be relevant

TERM 5

choice

DEFINITION 5

he selects a stafford suit bc he thinks it best fits his needs

and budgets

postchoice evaluation

looking back at his choice, james considers the value of the

stafford suit and thinks that he made a good decision

TERM 7

decision making

DEFINITION 7

valuemotivationemotion

TERM 8

experiential perspective

DEFINITION 8

decision making is often influenced by the feelings

associated with consumption

TERM 9

behavioral influence perspective

DEFINITION 9

decisions are responses to environmental influences

TERM 10

perceived risk

DEFINITION 10

perception of the negative consequences that are likely to

result from a course of actionstypes of risk:-financial-social-

performance-physical-time

external

search

includes the gathering of info from external sourcesfactors

considered:-ease of obtaining info from the sources-

objectivity of the source-trustworthiness of the source-the

speed with which the info can be obtained

TERM 17

external search and emerging

technologies

DEFINITION 17

lower search costsprovides hedonic valueinfo control

TERM 18

amount of

search

DEFINITION 18

product experienceinvolvementperceived riskvalue of search

efforttime availabilityattitude toward shoppingpersonal

factorssituational influencers

TERM 19

search regret

DEFINITION 19

refers to the negative emotions that come from failed search

processesrelated to:-amount of search effort-emotions felt

during the process-use of unfamiliar search techniques

TERM 20

evaluative criteria

DEFINITION 20

attributes, features, or potential benefits that consumers

consider when reviewing possible solutions to a problem

feature

performance characteristic of an object

TERM 22

benefit

DEFINITION 22

perceived favorable result that is derived from the presence

of a particular feature

TERM 23

determinant criteria

DEFINITION 23

evaluate criteria that are related to the actual choice that is

made

TERM 24

hedonic criteria

DEFINITION 24

emotional, symbolic, and subjective attributes or benefits

that are associated with an alternative

TERM 25

utilitarian criteria

DEFINITION 25

functional or economic aspects associated with an

alternative

underlying attributes

readily apparent and can only be learned through experience

with the productsignal

TERM 32

signal

DEFINITION 32

characteristic that allows a consumer to diagnose something

distinctive about an alternative

TERM 33

factors determining evaluative criteria

used

DEFINITION 33

situational influencesproduct knowledgeexpert opinionssocial

influencesonline sourcesmarketing communications

TERM 34

issues that affect consumer

judgements

DEFINITION 34

just noticeable differenceattribute correlationquality

perceptionsbrand name associationsconsumer personality

TERM 35

compensatory rules

DEFINITION 35

allow consumers to select products that may perform poorly

on one attribute by compensating for the poor performance

by good performance on another attribute

noncompensatory rules

used, strict guidelines are set prior to selection, and any

option that does not meet the specifications is eliminated

from consideration

TERM 37

noncompensatory models

DEFINITION 37

conjunctive ruledisjunctive rulelexicographic ruleelimination

by aspects rule (EBA)

TERM 38

retail outlet selection

DEFINITION 38

several factors influence the choice of retail outlet including

objective and subjective criteria such as:-product variety-

store image-location-service-product quality

TERM 39

consumption and product classification

DEFINITION 39

durable goodsnondurable goodsconsumption frequency

TERM 40

durable goods

DEFINITION 40

goods that are consumed over long periods of time

consumer dissatisfaction

mild, negative affective reaction resulting from an

unfavorable appraisal of a consumption outcome

TERM 47

theories of consumer satisfaction

DEFINITION 47

expectancy/disconfirmation theoryequity theoryattribution

theory

TERM 48

expectations

DEFINITION 48

predictivenormativeidealequitable

TERM 49

locus

DEFINITION 49

judgments of who is responsible for an event

TERM 50

3 key elements to attribution theory

DEFINITION 50

locuscontrolstability

control

the extent to which an outcome was controllable or not

TERM 52

stability

DEFINITION 52

the likelihood that an event will occur again

TERM 53

satisfaction/dissatisfaction

measures

DEFINITION 53

direct, global measureattribute-specificdisconfirmation

TERM 54

consumer refuse

DEFINITION 54

packaging that is no longer necessary for consumption to

take place or the actual good that is no longer providing

value to the consumerdisposal alternatives available-

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