Thursday, February 28, 2019

Consumer Behaviour Essay

Problem recognition is define as the perception of a difference in the midst of the ideal maintain of affairs and the actual situation (stream nones chapter 1 Schiffman et al. (2011). Needs recognition is the depression pose of all consumer decision dish. The task recognition for buying a RADO becharm is initially my wish for being able to wear a sentry. However I know I want a lavishness watch of elevated value and syllabus, this makes the grease ones palms of a high matter highly complex and an lengthened problem solving decision as it is very expensive.I will be very motivated in the attached step which is the inquisition for information. Being of such a high expensed acquire I want to find out as much(prenominal) information as I can, not just more or less the proceeds but to a fault the effect of wearing a RADO watch. Firstly I will do an internal search of information, this is a quick mop over the mind on what I can recall some the harvest-home and is done as soon as a problem is recognised. With lower interest or motivated gets this could be deemed luxuriant and I would move onto the purchase.However, as this is a complex purchase I want to know more information, this is called an external information search. By including an external probe I will recrudesce understand the risks involved with buying a RADO watch. Such as functional risk, will the product work as expected? Physical risk, is the watch safe? such as reactions to the materials it is make from. Financial risk, is it worth the price? will I gain enough satisfaction to warrant such an expensive item. Social risk, am I going to embarrass myself or not fit in? physiological risk, what effect will wearing a RADO watch remove on myself esteem, will I feel good? and lastly time risk, the tally of time and effort spent on the purchase decision, was it a raging? The amount of time spent on an external information search all depends on the value of the product to the co nsumer. In this case I would undergo a very detailed pointigation where I invest a lot of time because of my student financial situation. When doing external investigate I am soon effected by marketers and exposure to external stimulants.For example when doing my search I wanted to see where I could purchase a RADO watch from . When I visited the RADO website I was soon drawn in by the instant look of class and wealth which appeals to my individual(prenominal)ity and pick up by purchasing a new RADO watch I would be fueling my ego and moving towards my ideal self image. I also comfortable my need for knowledge and information about the product, I learnt what they were make out of, what new technology they include and what celebrities and events endorse the products, which to me shows they be of a popular status and could create a positive image about myself.Therefore I will move on to the next stage of the decision model, military rank of alternatives. By using the conjuncti ve decision harness I am able to set a degree of undertake off quantity. The Executive watch market is very competitive and includes new(prenominal) brands such as ROLEX, TISSO and MIDO. All of which offer a similar product but I believe a RADO watch provides a better experience. Its combined features such as having a reputation of being find free, sleek and an industry leader for design and new materials match its personal experience portraying a high social class, wealth, success and confidence. by and by all Andy Murray wears one. by and by being satisfied with my choice and research I then purchase the RADO watch from either the Christchurch or Auckland supplier. However buy the product IS important it is not the final stage of the consumer decision model. later on purchasing the product a consumer then evaluates the effect, while wearing my RADO watch I evaluate its effect, has it meet all my expectations. Consumers will try to fell post purchase cognitive dissonance b y seeking plump for that they made the right decision, either from peers, advertising or other customers. after(prenominal) purchasing my watch I felt it did meet all my expectations of class and image aswell as functionality however I was not happy from the price I paid. RADO watches are very expensive ranging from over $1000 for the cheapest. After investing so much money I feel that it is not worth the satisfaction or wellbeing I gained. Therefore I would take the final step in the model by divestment. I would claim back my money from the watch by reselling it. Divestment is the remarketing, reselling or brass of the product or packaging after use. My purchase of a manual tooth brush is allot more simple and would be considered a usual decision with low involvement as I would always contract the cheapest brush. The first stage, needs recognition would occur when my current tooth brush became haggard out and I need a replacement. When undergoing an information search I would solely rely on an internal method and would feel satisfied that I know enough information about the product choices.The yard I have a low involvement outlook is because I see the product as low risk as at that place is no strong design difference or any features between the choices that effect social, financial, psychological, or time risk. they all seem in opposite asunder from a slight price difference. This comes from a recollection of past experiences where I formulate the same satisfaction from any brand, The next step in the model, pre purchase evaluation of alternatives would solely happen at the single bewray I went to when I am actually pickax my product from the shelf.As a tooth brush is of low involvement and value to me I have no motivation to visit any other outlets and want to get the purchase done as fast and easily as possible. The next step is to purchase the item, which I will do by picking the cheapest one from the shelf, pay then leave the store to consume the product. When I consume the product I dont have some(prenominal) standards that need to be meet. Therefore this brush easy for fills my requirements and I am satisfied.Being of a low involvement purchase the post purchase evaluation will be limited and not as extensive of such as the RADO watch. I will continue to re purchase this brand but only if it remains the cheapest, I have no brand loyalty and will switch to alternative brands if there are opportunities such as a sale. The final stage in the process is divestment. After use, both the product and its packaging will be prone of as rubbish because it holds no further value for resale, unlike the watch which is still valuable because of its high price. cant try it on rado The standard consumer decision process model by Engel, Blackwell and Miniard is very useful for marketers as it is a road map of consumers minds which takes a journey through the different steps of consumption, starting with problem recognition then info rmation search, evaluation of alternatives, purchase, consumption, post consumption evaluation and lastly divestment.

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