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Unit 13: Consumer Decision-making Process




          13.4 Summary                                                                          Notes

               Buying decisions and consumption of products or services always take place in the context
               of some specific situation. It is  extremely important for marketers  to understand how
               situations and internal as well as external influences affect the purchase decision process.
               Depending on various factors, including the level of consumer involvement, time pressure,
               and the mood etc., consumer decision making generally falls under one of the three major
               decision approaches; nominal decision making, limited decision making, and extended
               decision making.
               Nominal decision making occurs when the products are low cost, frequently purchased,
               familiar brands/products, of low-involvement category, and little thought or search time
               is given to purchase.
               Limited decision making is usually straightforward and simple. It involves input from
               long-term memory and limited search, few alternatives and attributes are considered, and
               there is little or no post-purchase evaluation.
               Extended decision making occurs when the product is expensive, risky, ego intensive, is
               purchased infrequently,  consumer involvement  is high,  consumer  considers  much
               information from internal and external sources, post purchase evaluation is more likely
               to be complex and dissonance causing.
               Nominal decision making and extended decision making are two ends of a continuum. In
               between there might be various shades of consumer involvement depending on the product
               category, nature of purchase situation, and personal factors.

          13.5 Keywords

          Awareness Set: Contains evoked set, inept set and inert set
          Evoked Set: Contains brands that consumer will evaluate

          Inept Set: Contains those brands which consumers find unworthy of consideration
          Inert Set: Contains those brands which consumers are aware of, but won't consider
          Limited Decisions: Simple decisions involving internal search and a little external search
          Nominal Decisions: Routine and habitual purchase decisions

          13.6 Self Assessment

          Fill in the Blanks
          1.   Ads of men's creams show that men also need to be fair, can be a source of .......................
               and may lead to purchase of the cream.
          2.   You have fever and you need some medicine. You decide to buy the same medicine that
               you bought the last time you had fever. This may be termed as ....................... decision
               making.
          3.   You are facing dandruff problems and ask a friend to advise you on which brand's shampoo
               to buy. This may be termed as ....................... decision making.
          4.   You want to buy new shoes and you select a few brands from which you will choose. These
               options represent your .......................






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