Exam 3: Overview of Consumer Decision Making

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What implications for consumer satisfaction does the expectancy disconfirmation model pose?

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Utility describes the amount of happiness and satisfaction a consumer gains from a product or service.

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John is shopping for a new cell phone. Upon entering the large electronics store, he realized there were just too many choices! He quickly became frustrated and ended up quickly choosing a brand he had often seen advertised on television. John is experiencing a satisfaction paradox.

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_____ occurs when product performance falls short of consumers' expectations and seems inferior to rejected alternatives.

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Cognitive dissonance occurs when consumers second-guess their purchase decisions.

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Markus is trying to decide what type of movie to rent tonight. He has narrowed his choices down to the categories of comedies and action. This process of narrowing down choices into manageable subsets is known as:

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While time pressure can cause people to limit external information search, perceptions of crowding in a retail environment can cause people to increase external search due to the social stimulation of crowds.

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During intermediate problem solving, consumers are not motivated to rigorously evaluate each alternative, hence they often engage in heuristics to help them.

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_____ attributes are key product attributes that are most likely to affect a buyer's final choice. These attributes are usually described according to their importance and _____.

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External uncertainty is really about uncertainty about brand information, whereas, internal uncertainty is really about uncertainty about brand utility.

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Which of the following statements about information search during consumer decision making is false?

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Which of the following is not a possible motive to engage in consumer decision making?

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The expectancy disconfirmation model suggests that as expectancies increase, satisfaction increases.

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The difference between brand loyalty and brand laziness can be explained by the amount of information processing a person does.

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Brand laziness can explain many consumer routine choices.

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Paul recently switched from regular soda to diet sodas because he wants to lose weight. In this case, Paul is engaging in intrinsic variety seeking.

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What is want creation? What is the "dark side" of marketers engaging in want creation?

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People who tend to engage in high levels of ongoing search (vs. those that don't) tend to impulse shop less.

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Imagine you are in the market for a new laptop computer. Discuss the possible sources of information you will use to generate your consideration set.

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What is the difference between needs and wants?

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