100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Consument en Marketing Topic 7 tm 9 $5.36
Add to cart

Class notes

Consument en Marketing Topic 7 tm 9

1 review
 52 views  0 purchase
  • Course
  • Institution
  • Book

Consument en Marketing: Alles wat je moet weten voor het tentamen over de topics 7,8 en 9! Samenvatting van de hoorcolleges met extra aantekeningen tijdens de hoorcolleges. Succes met leren! Zie ook mijn bundel met een samenvatting van alle topics bij elkaar :)

Preview 4 out of 42  pages

  • May 23, 2020
  • 42
  • 2019/2020
  • Class notes
  • Henk roest
  • Topic 7 tm 9

1  review

review-writer-avatar

By: tedkapteijns • 4 year ago

avatar-seller
TOPIC 7: ALTERNATIVES EVALUATION AND DECISION MAKING




Alternatives Evaluation

Information relevant to making a choice:

➢ choice alternatives (e.g., brands)
➢ choice criteria (e.g., product attributes)

 information on choice alternatives may be
➢ externally available (stimulus-based)
➢ retrieved from memory (memory-based “evoked set” or “consideration set”)
➢ a mixture of both cases
 in a similar way, information on choice criteria may be stimulus-based, memory-based, or
mixed

Alternatives Evaluation

Needed to evaluate:

– Set of brands
– List of criteria (e.g. attributes)
– Brand beliefs on criteria
– Criteria importances
– Process for combining brand and
attribute information

Set of Brands 




List of criteria (e.g. attributes)

1

,List of criteria (e.g. attributes)

The various features a consumer looks for in response to a particular type of problem

Type of evaluative criteria:
1) Core function (technical)
2) Financial & behavioral costs (economic)
3) Commanded & obliged (legalistic)
4) Esteem and self-esteem (integrative)
5) Risk reduction (adaptive)
6) Liking (intrinsic)
7) Moral




Process for combining brand and attribute information




2

,Choice Disjunctive Rule

Establishes a minimum required performance for each
important attribute (often a high level).

All brands that meet or exceed the performance level for any
key attribute are acceptable.

If minimum performance was:




Choice Compensatory Rule

The compensatory decision rule states that the brand that rates highest on the sum of the
consumer’s judgments of the relevant evaluative criteria will be chosen.




3

, High involvement choice … is often a staged process

 Stage 1: Narrow the set of all alternatives (dozens of brands) to a smaller consideration (also
called evoked) set
- often done on basis of meeting the threshold on one or a few attributes
(= noncompensatory)
 Stage 2: Choose the best alternative from the consideration set
- often done comparing some “weighted average scores” across cars (= compensatory)

Decision Making
Consumer Choice Processes

 Attribute-based choices
– Have pre-determined evaluative criteria
– May require both external and internal search
– Complicated decision rules may be used
 Affective choices
– More holistic; an overall evaluation
– Based on how one feels about a purchase

Affective choices

 With affective decision making, consumers make a decision because the choice feels right
rather than because they have made a detailed, systematic evaluation of offerings
 Appraisal theory examines how our emotions are determined by the way that we think about
or “appraise” the situation. This theory also explains how and why certain emotions can
affect future judgments and choices. People who are fearful tend to see more risk in new
situations than do people who are angry.

Affective forecasts and choices

 Consumers’ predictions of what they will feel in the future affective forecasting—can
influence the choices they make today
 Affective forecasting occurs when consumers try to predict how they will feel in a future
consumption situation. Specifically, they try to predict what feelings they will have, how
strongly these feelings will be, and how long the feelings will last

Imagery

 Imagery plays a key role in emotional decision making. Consumers can attempt to imagine
themselves consuming the product or service and can use any emotions they experience as
input for the decision
 Adding information actually makes imagery processing easier because more information
makes it easier for consumers to form an accurate image (whereas it may lead to information
overload under cognitive processing)




4

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller vand1407200. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $5.36. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

52510 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$5.36
  • (1)
Add to cart
Added