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In what way do consumers stray from a deliberative, rational decision process?

In what ways do consumers stray from a deliberative, rational decision process

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Page 1: In what ways do consumers stray from a deliberative, rational decision process

In what way do consumers

stray from a deliberative,

rational decision process?

Page 2: In what ways do consumers stray from a deliberative, rational decision process

Low involvement Consumer Decision Making

Person chose a peripheral route instead of central route for buying some products.

No specific choice for products like salt

Page 3: In what ways do consumers stray from a deliberative, rational decision process

Variety Seeking Buying Behavior

Consumers choose such brands without much evaluation, and evaluates the product during consumption such as cookies.

Let’s try Oreo today, Milano was good!!

Page 4: In what ways do consumers stray from a deliberative, rational decision process
Page 5: In what ways do consumers stray from a deliberative, rational decision process

Availability Heuristic

Last time, I bought it, it was not long

lasting.

Page 6: In what ways do consumers stray from a deliberative, rational decision process

Representative Heuristic

Similar package

appearance of different brands.

Page 7: In what ways do consumers stray from a deliberative, rational decision process

Anchoring & Adjustment

HeuristicConsumers arrive at an

initial judgment and then adjust it based on the

additional information.

Page 8: In what ways do consumers stray from a deliberative, rational decision process

SummaryConsumers are constructive decision makers and subject to many contextual influences. They often exhibit low involvement in their decisions, using many heuristics as a result

Page 9: In what ways do consumers stray from a deliberative, rational decision process

Credit

KOTLER, P. & KELLER, K. 2011. Marketing Management 14th Edition , Upper Saddle River, NJ, Prentice Hall(With due thanks to the owners of Photographs)

Page 10: In what ways do consumers stray from a deliberative, rational decision process
Page 11: In what ways do consumers stray from a deliberative, rational decision process

Disclaimer :Paras Arora

H.B.T.I. Kanpurduring an

internship by Prof. Sameer Mathur,

IIM Lucknowwww.iiminternshi

p.com