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Chapter 16 Consumer Decision Making MKT 348 Dr. Franck Vigneron Levels of Consumer Decision Making Extensive Problem Solving Limited Problem Solving Routinized Response Behavior Extensive Problem Solving A search by the consumer to establish the necessary product criteria to evaluate knowledgeably the most suitable product to fulfill a need. Limited Problem Solving A limited search by a consumer for a product that will satisfy his or her basic criteria from among a selected group of brands. Routinized Response Behavior A habitual purchase response based on predetermined criteria. Models of Consumers: Four Views of Consumer Decision Making • • • • An Economic View A Passive View A Cognitive View An Emotional View A Model of Consumer Decision Making INPUT PROCESS OUTPUT Need Recognition The realization by the consumer that there is a difference between “what is” and “what should be.” Prepurchase Search A stage in the consumer decision-making process in which the consumer perceives a need and actively seeks out information concerning products that will help satisfy that need. Evaluation of Alternatives A stage in the consumer decision-making process in which the consumer appraises the benefits to be derived from each of the product alternatives being considered. Issues in Alternative Evaluation • • • • • Evoked Set Criteria Used for Evaluating Brands Consumer Decision Rules Lifestyles as a Consumer Decision Strategy Incomplete Information and Noncomparable Alternatives • Series of Decisions • Decision Rules and Marketing Strategy • Consumption Vision Consumer Decision Rules • Compensatory • Noncompensatory – Conjunctive Decision Rule – Disjunctive Decision Rule – Lexicographic Rule Types of Purchases Trial Purchases Repeat Purchases Long-Term Commitmen t Purchases Postpurchase Evaluation An assessment of a product based on actual trial after purchase. Outcomes of Postpurchase Evaluation • Actual Performance Matches Expectations – Neutral Feeling • Actual Performance Exceeds Expectations – Positive Disconfirmation of Expectations • Performance is Below Expectations – Negative Disconfirmation of Expectations Relationship Marketing Marketing aimed at creating strong, lasting relationships with a core group of customers by making them feel good about the company and by giving them some kind of personal connection with the business.