Processes a customer uses to make purchase decisions, as well as to use and dispose of purchased goods or services; also includes factors that influence purchase decisions and product use Consumer decision- making process A five-step process used by consumers when buying goods or services. (1) need recognition, (2) information search, (3) evaluation of alternatives, (4) purchase, and (5) postpurchase behavior (Consideration set) A group of brands, resulting from an information search, from which a buyer can choose inner tension that a consumer experiences after recognizing and inconsistency between behavior and values or opinions The type of decission making exhibited by consumers buying frequently purchased, low-cost goods and services; requires little search and decision time The type of decision making that requires a moderate amount of of time to gather information and deliberating about an unfamiliar brand in a familiar product category The most complex type of consumer decision making, used when buying an unfamiliar, expensive product or an infrequently bought item; requires use of several criteria for evaluating options and much time for seeking information Factors affecting involvement levels Previous experience, Interest, Perceived risk of negative consequences, Situation, Social visibilty Types of Reference Groups Primary membership groups, Secondary membership groups, Aspirational reference groups, Norms, Nonaspirational reference groups An individual who influences the opinions of others The process by which people select, organize, and interpret stimuli into a meaningful and coherent picture A process whereby a consumer changes or distorts information that conflicts with his or her feelings or beliefs A process whereby a consumer remembers only that information that supports his or her personal beliefs
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