Page 178 - DMGT506_CONSUMER_BEHAVIOUR
P. 178

Unit 13: Consumer Decision-making Process




          Preference Strategy                                                                   Notes

          Preference strategy is appropriate when the brand is part of the evoked set of consumers in the
          target  market and the approach to decision making involves extensive information search.
          Consumers tend to consider several brands, a number of brand attributes and many information
          sources. The marketer’s strategy needs to focus on providing important information, meaningful
          and persuasive from the consumers’ point of view to result in the brand being preferred by
          consumers in the target market.
          To  accomplish  the  marketer’s objective,  the  first  decision  involves  developing  a  strong
          positioning of the brand. Extensive advertising may be required to reach all possible sources to
          communicate the desired position of the brand, even to those who do not purchase the brand but
          are viewed as reliable sources of information. This might even involve encouraging independent
          testing labs to test the brand, inviting experts to write articles about their independent evaluations,
          incentives to sales personnel to recommend the brand, arranging displays and a well-designed
          active or passive web site on the Internet is necessary.

          Acceptance Strategy

          This strategy focuses on the situation when the target consumers do not search for information
          about the marketer’s brand. The basic objective of the marketer is to  move the brand in the
          evoked set of consumers, rather than try to “sell” the brand. The approach, however, is similar
          to preference strategy in all other respects except that the major challenge is to attract consumers
          or motivate them to learn about the marketer’s brand. This requires extensive attention-capturing
          advertising. For example, many auto  marketers offer an incentive  to those who would visit
          their showroom and test drive the model being promoted. This approach leads consumers to
          seek information actively when a purchase situation arises.
          13.1.3 Evaluation of Alternatives


          Consumers’ evaluative criteria refer to various dimensions; features, characteristics and benefits
          that a consumer desires to solve a certain problem. For example, a consumer’s evaluative criteria
          for a laptop computer may include processor speed, operating system, memory, graphics, sound,
          display, software included, cost and warranty, etc. However, for another consumer the set of
          evaluative criteria may be entirely different from the same product.
          Any product feature or characteristic has meaning for a consumer only to the extent that it can
          provide a desired benefit. Consumers who want to avoid dental cavities would use the toothpaste
          that contains fluoride in its formulation. For this particular consumer, fluoride content would
          probably be the most important evaluative criterion. Fluoride feature is important because it
          provides a desired benefit, otherwise it has no value. What is more important for marketers is
          to stress upon – and convince consumers about – the benefit that a particular feature provides
          rather than mentioning the feature only.
          To evaluate different alternatives in the evoked set, the consumer examines products or brands
          against the desired set of criteria, and also  those that are not desired. Consumers use either
          attitude-based choice that involves the use of general attitudes, impressions, beliefs, intuition,
          or heuristics and form overall preferences about brands, or attribute-based choice that requires
          the knowledge of specific attributes at the time of choosing a brand by comparing each brand
          alternative on specific attributes. This attribute-based choice process is cumbersome and time
          consuming. Generally, the importance of an optimal decision is related  to the  value of the
          product under consideration and the consequence associated with a non-optimal decision.
          Some consumers are inclined to simplify the evaluation process and weigh only price heavily or
          only make the evaluation on the basis of a recognised brand name. It is important to appreciate



                                            LOVELY PROFESSIONAL UNIVERSITY                                  173
   173   174   175   176   177   178   179   180   181   182   183