consumer choice
TRANSCRIPT
HOW CONSUMERS MAKE
CHOICES
Team 1
Francis Martinez | Michela Caltran | Roushan Kumar
Roman Malyshev | Gregory Vanhaute | Ding Zhao
The aim of marketing is
to know and understand the customer
so well the product or service
fits him and sells itself.
- Peter Drucker
A consumer choice is a
complex nonlinear
process:
Bounded Rationality: a
limited capacity for
processing information
Preferences are not stable
They construct a decision process that is appropriate
for the situation at hand.
Affective Based Choice
Based primarily on the immediate
emotional response to the
product or service.
The underlying motive is
consummatory: rewarding to the
individual.
Marketers should help consumers
visualize how they will feel during
and after the consumption
experience.
Can you think of a recent
purchase, where you made
an affective choice?
Attribute Based Choice
Attribute-based choice requires the
knowledge of the specific attributes
of the alternatives at the time the
choice is made, and it involves
attribute-by-attribute comparisons
across brands.
This is an effortful and time-
consuming process. It also tends
to produce a more nearly optimal
decision
What product categories do you think
will fall under the attribute-based choice?
• Vehicles
• Sport equipment
• Technology products
Attitude Based Choice
Attitude-based choice involves the use
of general attitudes, summary
impressions, intuitions, or heuristics;
no attribute-by-attribute comparisons
are made at the time of choice.
General attitudes
Summary impression
Intuition or heuristics
In which situation would you base
your purchase on someone’s opinion
rather than affective
or attribute-based choice?
Conclusion
Motivation, information availability and situational factors interact to
determine which choice process will be used.
Three types of consumer choice processes are:
Affective choice
Attribute-based choice
Attitude-based choice
These are not mutually exclusive and combinations may be used in
a single decision.
Thank you for
your participation!