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11 Cards in this Set
- Front
- Back
Consumer behavior |
Describes how consumers make purchase decisions and how they use and dispose of the purchased goods or services. |
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Consumer decision making process |
five step process used by consumers when buying goods or services |
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What are the five steps in consumer decision making process |
1) need recognition 2) information search, 3) evaluation of alternatives 4)purchase, 5) post purchase behavior |
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Need recogntion |
result of an imbalance between actual and desired states |
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Want |
recogntion of an unfulfilled need and a product that will satisfy it |
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stimulus |
any unit of input affecting one or more of the five senses sight,smell, taste, touch,hearing |
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Want-Got Gap |
That is, there is a difference between what a customer has and what he or she would like to have. |
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Two kinds of stimulus |
1) internal (stomach growling you know you're hungry) 2) External ( someone recommends a new restaurant. |
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Piece meal decsion process |
evaluation made by examining alternative advantages and disadvantages along important product attributes? |
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Categorization decision process |
The evaluation of an alternative depends upon the particular category to which it is assigned. (when you evaluate what to drink in the morning with breakfast you don't consider soft drink) |
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Brand Extensions |
in which a well-known and respected brand name form one product category is extended into other product categories. |