Consumer Decision Process Essay Example | Topics and Well Written Essays - 3000 words

Consumer Decision Process - Essay ExampleConsumer decision address is complex and is affected by several factors. In this paper the factors affecting consumer decision process argon examined with the help of an actual purchase situation of a vacation and well supplanted with theoretical support. Grounding theory There is a five step process in the consumer buying process need recognition, training search, alternative evaluation, purchase decision, and post purchase evaluation. Consumers can go through three types of decision-making. The first is office decision-making which is used when the purchase is simple, inexpensive, and familiar. Another is called limited decision-making. The consumer uses this type when decision-making involves a moderate search and purchasing effort. The net decision-making process is referred to as extensive and is used when the product is unfamiliar or very significant to consumers. Consumers may search for brand and outlets in combinations (Hawkins et.al, 1983). Most consumers be influenced by various groups in the decision-making buying process. Consumer choices are nested and interlocked across the assorted contexts of daily life (e.g., First and Dholakia 1982 Huffman, Ratneshwar, and Mick 2000).We examine these contexts in following paragraphs. demographic Influences Demographic and economic descriptors of a market are often helpful only when insufficient to apologize what is purchased by consumers. They provide us with directional indicators of the total quantity purchased by variously categorized consumers but they are unable to pinpoint the specific choices of the consumers and what factors determined such choices. These factors can reveal little intimately the individual assortment of products purchased, brand choice, brand switching etc. Typical examples of such factors are agewise, income wise, part wise, brand wise sales or purchase data. Such data can provide all-encompassing leads for future marketing effort s. The marketing efforts however can only be truly guided by deeper analysis of other factors as discussed below.Motivation In consumer motivation there are essentially two views. First view holds the Freudian position that forces shaping peoples behavior are largely unconscious. People may be unwilling, or unable to reveal or identify what is motivating them. In such cases naming of motivating factors becomes arduous. They have to be conjectured with the help of patterns of consumer behavior to given stimuli-often in controlled conditions. It has to be supplanted by supernumerary efforts in indirect structured searching. Second view is attributed to the development of Maslows need hierarchy. This view states that consumers are operate to satisfy certain needs at particular times and these needs can be consistent in a hierarchical pattern. According to Maslows hierarchy of needs, there are five categories of needs that is to say (1) physiological, (2) safety, (3) social, (4) e steem, and (5) self-actualization. They form a pyramid structure with the lowest and broadest