Exam 8: Decision-Making and Involvement

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_______ occurs when a consumer realizes that there is a difference between what is happening and what ideally could happen.

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Some experts and consumer advocates contend that greater amounts of choice lead to

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A

What is the difference between anchoring and framing?

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Anchoring helps consumers start the choice process by helping them focus on one product attribute
Framing describes how consumers make decisions within different contexts

Consumer researchers have found that consumers have both personal and social motivations when they shop. Identify and describe at least three personal and three social motivations for shopping. Provide an example of each.

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A _______ will often choose a brand based on simple decision criteria, such as price.

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What happens when a consumer believes that it is morally acceptable to forget negative ethical information and makes purchases without considering the ethical implications?

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_______ involvement involves the perceived personal relevance of the product based on needs, values, or interest.

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What is framing?

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The disconfirmation paradigm describes the difference between

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_______ information needs are fulfilled when information is used as a stimulus to creative thinking, beauty, and appreciation.

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In low-involvement decisions, consumers may use simple evaluative criteria or

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_______ heuristics narrow down a consumer's choice to those involved with obeying a request.

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_______ is the concept that it is rational to make a good enough decision, rather than the best decision, because the time, effort, and money to make the best decision may simply not be worth it.

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_______ heuristics assist consumers by reducing the number of attributes to be considered; they are "rules" that help to make decisions easier.

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_______ helps consumers start the choice process by helping them focus on one product attribute?

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_______ information needs are fulfilled when information is shared with others to communicate the consumer's social position.

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The _______ impulse occurs when consumers purchase numerous items at a time and stockpile them in anticipation of some future need.

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A candy company wants to increase consumer involvement by linking their brand to hedonic needs. Provide an example of how they can accomplish this. Explain your reasoning.

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Define satisficing and maximizing. What criteria does a satisficer base purchasing behavior on? What criteria does a maximizer base purchasing behavior on? What are some of the pros and cons to both approaches? Describe a situation where it would be better to be a maximizer and one where it would be better to be a statisficer

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What are evaluative criteria?

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