The author of the essay "How relevant is the rational model of consumer decision-making to marketers today?" begins with the short introduction of the rational model notion. The rational decision-making model would tend to assume that consumer characteristics are universal, meaning that buyers of products and services generally share the same set of homogeneous cognitive thinking traits by which decision-making is a practical and sensible process. For instance, a consumer opens a refrigerator, witnesses a lack of a favorite beverage and then sets about exploring options to fulfill this need. The vast volumes of marketing literature that have conducted studies on consumption behavior would tend to strongly refute this notion. In most East Asian countries, cultures are collectivist in which group opinion and group membership are substantial social values. Shukla (2010) reports that Asian consumers have recurring tendency to consume products that can enhance their social position or gain some sort of psychological fulfillment when important reference groups applaud their product decision-making, a phenomenon known as conspicuous consumption. The energy drink, Red Bull, for instance, may be more socially acceptable in a group that is familiar with the brand name and trust in its quality over that of a lesser-known juice brand. To choose another beverage brand and then present it to the collectivist reference group could lead to social chastisement or some other dimension of criticism that would influence future repurchases. In this type of social scenario, based on collectivist values, there would be no evaluation of alternatives since the consumer has considerable experience with negative emotions stemming from the reference group opinions and would not want to repeat this social situation again. This would certainly have implications for both Red Bull and for the lesser-known beverage brand. Schiffman and Kanuk (2010) also recognise that cultural values have influence on consumption behaviour and even maintain a persuasion about which brands a consumer is most dedicated to. These researchers indicate that the volume of purchases a consumer maintains toward a favourite brand is influenced by how it assists in expressing social affiliation and status. Husik and Cicic (2009) call this status consumption, which is attempting to gain psychological satisfaction by exposing others in the social environment to the choice of product or service consumed. To further lend support for the influence of the cultural or social environment by suggesting an even more complicated and dynamic set of psychological characteristics that influence purchase decision-making behaviour. According to the research, people have an inherent desire to make comparisons to themselves and others in the social environment and generally want to believe they are better than everyone else (Durayappah 2010). When witnessing members of society in less-privileged life situations, it can even enhance the individual’
The author of this descriptive essay mainly focuses on the discussion of the topic of the rational model of consumer decision-making and analyzes how relevant it is to the marketers today. At the end of the paper, the author comes to the interesting conclusions and gives his recommendations…
The main aim of research is to provide an inclusive description about different models and theories of consumer behavior in context of generating positive attitudes related to some particular products or brands. Models and theories are selected which have a core relationship between consumer behavior and marketing strategies.
The author explains that the decision-making process purchasing process progresses in five stages: recognizing needs, searching for information, evaluating alternatives, purchasing decision and post-purchasing behavior. Need Recognition is the start of the buying process, where the customers realize their need or problem.
Doris Carnevali’s model of clinical judgment and decision making postulates that an integration of critical thinking is important for effective diagnostic reasoning (Carnevali, 2003, p. 45). The diagnostic role of a nurse is the assessment and evaluation of the patient’s condition and application of theory and practice in prescribing the most effective nursing intervention and therapy for the health condition.
The paper tells that one of the major problems with rational decision-making model is that it revolves completely around simplistic assumptions along with the introduction of alternatives and precise information. The entire model requires tinge of sensation and other vices which are composed of their entity frames.
Encoding involves the receipt of information which is then processed or combined with other stimuli. Storage is the creation of a permanent record of information that has been encoded. Retrieval is the process of recalling information that has been processed in response to a particular cue or stimulus.
According to the research findings, it can, therefore, be said that five categories as represented by sincerity, excitement, competence, sophistication, and ruggedness provided examples of the aforementioned brand personality that provided insight into how brand personality is used in products we recognize.
The author states that information may be internal or external and depends on whether the buyer is highly involved with the product or not. The level of involvement depends on previous experience, interest, perceived risk, and situation. Routine purchases and low-cost goods are low-involvement; therefore, do not require a lot of information.
the firm stated that it is specifically interested in presenting a more “green” and sustainable image to the customer while being mindful of the environmental impact that product packaging has once utilized and discarded. The firm further noted that although redesigning the
The author explains that the TV set already existing at home was just a 14-inch TV, which was not fun enough for children, especially when they needed to connect and play some video games on TV. Additionally, their father did not feel equally happy, since the screen size was too little for a comfortable display of players.
Based on the difference in religion, the decisions of the parents are recognized to be different from each other related to the treatment of the child because the mother is a Christian Scientist and insisted that the child should be provided with treatment.
4 pages (1000 words)Essay
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