Consumer behaviour focuses on _____
Understanding how consumers make decisions about buying products and services.
The founding principle of consumer behaviour is _____
Listening to and learning from customers.
Firms must understand consumer _____ to develop effective marketing strategies.
Needs.
The first step in the consumer decision process is _____
Need recognition.
Need recognition occurs when _____
Consumers realize they have an unsatisfied need and want to go from their actual state to a desired state.
Functional needs are _____
Needs that fulfill a practical or utilitarian purpose.
Psychological needs are _____
Needs that fulfill personal gratification or emotional desires.
The second step in the consumer decision process is _____
Information search.
An internal search for information relies on _____
Personal memory and past experiences.
An external search for information relies on _____
Outside sources such as advertisements, reviews, or recommendations.
The key question during an information search is _____
Whether the time and effort are worth it to search for information.
A person with an internal locus of control believes _____
They have control over outcomes and therefore engage in more search activity.
A person with an external locus of control believes _____
External factors or fate control outcomes, so they search less.
Actual risk refers to _____
The real potential for negative consequences associated with a purchase.
Perceived risk refers to _____
The belief or perception of risk, regardless of its actual level.
The third step in the consumer decision process is _____
Alternative evaluation.
Evaluative criteria are _____
Important attributes used to compare alternative products or brands.
Determinant attributes are _____
Product features that are important to the buyer and differentiate brands.
A retrieval set consists of _____
Brands or stores readily brought to mind from memory.
An evoked set consists of _____
Brands or stores a consumer would actually consider buying from.
A compensatory decision rule means _____
Good attributes can compensate for bad ones when evaluating alternatives.
A non-compensatory decision rule means _____
A product is rejected if it fails to meet one key criterion, regardless of other strengths.
Decision heuristics are _____
Mental shortcuts used to simplify purchase decisions.
Examples of decision heuristics include _____
Price, brand, and product presentation.