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Unit 13: Consumer Decision-making Process




                                                                                                Notes
                         Figure  13.3:  A  Simple Model  of  Consumer  Decision-making



































          13.3.3 Extended Decision-making Process

          Consumer purchases  involving  extended  decision making  correspond most  closely to the
          traditional decision making perspective. Such decisions involve extensive internal (long-term
          memory) and external (outside sources) information search followed by a rigorous evaluation
          of several alternatives because consumers do not possess any meaningful information about the
          product or service and need much of it. The evaluation often involves careful consideration of
          attributes of one brand at a time and taking stock of how the attributes of each brand measure up
          to a set of desired characteristics. All this happens in response to a high level of consumer’s
          involvement in making a purchase decision. Such complex decisions are relatively few and may
          relate to buying a computer, stereo system, washing machine, laser printer, or a new house etc.
          Post purchase evaluation is more likely to be complex and dissonance causing.

          Extended decision making may also be involved in certain emotional decisions such as choosing
          a birthday gift for the girl friend, decision to buy jewellery for the wife, choosing a designer
          dress, or buying a holiday abroad with family etc. Some of these decisions may appear to be
          related to cognitive effort, however, the needs being met and the criteria being evaluated are
          largely emotions or feelings rather than product or service attributes. Because of the involvement
          of emotions or feelings, there is less external information to search for.




              Task  Consider  a  few  products  that  you  buy.  Which  products  required  a  high
             involvement and which required a low involvement? Divide them on the basis of nominal,
             limited and extended decision making. Plot them on a graph as shown in Figure 13.2. Is
             your graph similar?






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