Spectator Consumer Observes an event for entertainment.

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Presentation transcript:

5.01 Analyze Factors that Influence the Consumer’s Decision-Making Process.

Spectator Consumer Observes an event for entertainment

Participant Consumer Actually involved in an event.

Consumer Decision Making Process Intrinsic factors: personal reasons for attending an event Attitude or personal preference Perception of the event

Consumer Decision Making Process Extrinsic factors: other influences on a person’s decision to attend an event. People Situations

Consumer Decision Making Process Occasional factors: rare or special reasons to attend an event. Location Time of the Event Weather

Levels of Consumer Motivation Uninformed Informed Preference Action

Uninformed Consumers are unaware of the product’s existence. Promotional objective: to inform the consumer about features and benefits of the product.

Preference Consumers identify with a particular product. Promotional objective: to create goodwill and differentiate the product form others.

Action Consumers make a purchase. Promotional objective: reinforce the buying decision.

Informed Consumers become aware of the products existence. Promotional objective: to inform the consumer about features and benefits of the product.