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Consumer Behavior

Decision making









Types of Purchase

Behavior and the

Consumer Decision

Making Process

Consumer Behavior

Decision making





Outline

• Types of purchase decisions

• Need arousal

• Information acquisition

(types of search, determinants of search, and

sources of information)

• Evaluation of alternatives and choice

(choice sets, choice alternatives, choice criteria,

choice heuristics, context effects)

Consumer Behavior

Decision making





The purchase cube

Deliberate purchases Spontaneous purchases





Extended

Symbolic Promotional Exploratory

HI purchase HI

purchase purchase purchase

decision

behavior behavior behavior

making



Repetitive Hedonic Casual Impulsive

LI purchase purchase LI purchase purchase

behavior behavior behavior behavior





Think Feel Think Feel

Consumer Behavior

Decision making







Types of purchase motives



Functional motives Psycho-social motives

Problem solving (problem Social approval

removal or avoidance) Self-expression

Quality and performance Variety and change

Price and value Emotional stimulation

Familiarity

Convenience Intellectual stimulation

Normal depletion Sensory gratification

Consumer Behavior

Decision making



FCB grid for some common products

high involvement

life insurance

sports car

35 mm camera stereo component

washer/dryer

expensive watch

car battery portable TV

perfume

wine for dinner party

complexion/face soap

think suntan lotion jeans

toothpaste

feel

dry bleach

salad oil greeting card

fast food restaurant

liquid bleach



disposable razor regular beer

liquid

hand soap salty snacks

paper towels





low involvement

Consumer Behavior

Decision making





Need arousal

Current (initial) Desired (end)

state state





Discrepancy ?







Need arousal

• generic

• selective

Consumer Behavior

Decision making





In-class exercise

• What triggered the process and what was the basic

motivation for the purchase?

• How long did it take for the consumer to

acknowledge the need for this product? Was the

need general at first, or was there a specific brand

preference right away?

• What were the major influences on problem

recognition? Were marketing influences involved

in generating the consumer's desire for this

product?

Consumer Behavior

Decision making





Information acquisition

• ongoing search: motivated by intrinsic enjoyment

of the search process and the desire to build an

information bank;

• prepurchase search: motivated by the desire to

make better purchase decisions;

– internal: information is retrieved from

memory;

– external: information is obtained from the

environment; research has found that the

level of external search is relatively low;

Consumer Behavior

Decision making





Internal search

Experiences 0/+



++ Brand C

Brand A

Purchase

goal

Attribute

information



+

Brand B

Consumer Behavior

Decision making





Determinants of external search effort

Environmental and situational variables:

– number of alternatives +

– product differences +

– store distribution (distance) –

– time pressure –

Product characteristics:

– price +

– social visibility (style and appearance) +

– perceived risk +

– number of crucial attributes +

Consumer characteristics:

– prior knowledge and experience –

– involvement +

– positive attitude toward search +

– education +

– income –

– age –

Consumer Behavior

Decision making







Information sources

personal sources nonpersonal sources







commercial

sources









noncommercial

sources

Consumer Behavior

Decision making







In-class exercise (cont’d)

• How much search was involved in the purchase?

• How was the search conducted? Was the search

memory-based or was external information

consulted?

• What information sources were used?

Consumer Behavior

Decision making





Alternative evaluation

• the following information is particularly relevant

to making a choice:

– choice alternatives (e.g., brands, stores);

– choice criteria (e.g., product or store

attributes);

• in order for a product or store to be chosen, it has

to be in the consumer’s consideration set and it

has to be perceived favorably on the choice

criteria that are important to the consumer;

Consumer Behavior

Decision making





A choice sets model of retail selection

(Spiggle and Sewall 1987)



unawareness inert inaction quiet retailer not

set set (0) set (+/0) set (+/0) chosen (+/0)



total set



awareness evoked action interaction retailer

set set (+) set (+) set (+) chosen (+)







inept reject set (-)

set (-)

Consumer Behavior

Decision making





Purchasing a diamond

engagement ring



100 50

80 40

60 30

40 20

20 10

0 0









n

n

n









s

n









n

s









n









ce









io









io

es

io









io









tio

es









tio









ct

at

ct





oi

at









en









Ac

en









Ac









ra

Ch

ra









er

er









ar

ar









te

te









id

id









Aw

Aw









In

ns

In

ns









Co

Co









Fine Jewels Hargrave Fine Jewels Hargrave

A.A. Gray Mass Mart A.A. Gray Mass Mart

Consumer Behavior

Decision making







Choice heuristics

• if an overall evaluation for each brand is

available in memory, the decision can be

made based on affect referral;

• attribute-based choice heuristics differ

based on whether they are compensatory or

noncompensatory and whether processing

occurs by brand or by attribute;

• phased decision strategies are often used in

practice;

Consumer Behavior

Decision making





Attribute-based choice heuristics

Compensatory Noncompensatory







Processing weighted additive rule

by brand conjunctive heuristic

equal weight heuristic







lexicographic heuristic

Processing additive difference rule elimination by aspects

by attribute

heuristic

Choosing a mid-size sedan

Warranty J.D.Power Crash EPA mileage

Brand Horse-

Price (years/ mechanical test (city/

Image power

miles) quality rating highway)

Nissan Altima $19,800 3/36K 3 Excellent 175 23/29

(6) (7) (7) (6) (10) (8) (8)

Honda Accord $17,095 3/36K 4 Excellent 160 24/34

(8) (8) (7) (8) (10) (7) (9)

Toyota Camry $19,025 3/36K 3 Excellent 160 24/34

(9) (7) (7) (6) (10) (7) (9)

Ford Taurus $21,200 3/36K 3 Good 153 20/27

(6) (5) (7) (6) (8) (5) (7)

VW Jetta $25,045 5/50K 4 Excellent 180 22/29

(10) (4) (9) (8) (10) (9) (8)





Attribute 6 10 9 8 6 5 7

importance

Cutoff level >(5) 2/30K >2 (6) at least >170 >20/27

good

Consumer Behavior

Decision making





The cost-benefit approach to

consumer choice

• question of how consumers decide which choice

heuristic to use in a given case;

• the cost/benefit framework suggests that rule

usage depends on the costs and benefits associated

with the application of a given heuristic;

• important components of costs and benefits are the

cognitive effort required by a choice heuristic and

the accuracy of the choice resulting from the use

of a heuristic;

Consumer Behavior

Decision making





Contextual influences on

consumer decision making

• because consumers’ preferences are often

not well-formed, seemingly minor

variations in the way the decision is framed

(either by the consumer or the marketer) can

have a profound effect on choice;

• marketers can influence consumer decision

making by manipulating various task and

context factors;

Consumer Behavior

Decision making



Effect of choice set composition on

consumers’ purchase decisions:

The attraction effect



Cross pen

$6





Cross pen

inferior, lesser-known pen

$6

Consumer Behavior

Decision making



Effect of choice set composition on

consumers’ purchase decisions:

The compromise effect

Brand B costs $350, w/ a picture quality of 85



Brand C costs $299, w/ a picture quality of 80





Same as above, except that there is also Brand A,

at a price of $503 and a picture quality of 100



Same as above, except that there is also Brand D,

at a price of $146 and a picture quality of 65

Consumer Behavior

Decision making



Methods for studying decision making

• input-output approaches: a decision process is

hypothesized and factors that affect this process are

identified; if manipulations of these factors (inputs) lead to

the predicted results (outputs), this is interpreted as

evidence in support of the underlying process;

• process tracing approaches: ongoing decision processes

are measured directly;

– verbal protocols: concurrent or retrospective thought

verbalizations;

– information acquisition approaches: information display boards,

eye movement recording, and computer-based information

displays;

– chronometric analysis: analysis of response times;

Consumer Behavior

Decision making





Brand personality

• idea that brands have “personalities” (sets of

human characteristics) and that consumers

may use brands for self-expressive purposes;

• recent research by Aaker (1997) suggests

that a brand’s personality can be described in

terms of five underlying dimensions;

• according to the image congruence

hypothesis, consumers prefer brands that

have images similar to their own self-image;

Consumer Behavior

Decision making





A brand personality framework

Brand

personality







Sincerity Excitement Competence Sophistication Ruggedness







• down-to-earth • daring

• reliable

• honest • spirited • upper class • tough

• intelligent • outdoorsy

• wholesome • imaginative • charming

• successful

• cheerful • up-to-date


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