The consumer buying decision-making process
What are the five steps of the consumer buying decision-making process? Which two steps are the most important with regard to developing quality integrated marketing communications?
Identify seven new trends in consumer behavior, and discuss how each of the trends influences consumer behavior, as well as the development and execution of marketing communication strategies.
What is an evoked set? Why are evoked sets, inept sets, and inert sets important to the marketing department?
Sample Answer
Five steps of the consumer buying decision-making process:
- Need recognition: The consumer becomes aware of a need or want.
- Information search: The consumer gathers information about the product or service that can meet their need or want.
- Evaluation of alternatives: The consumer evaluates the different options available to them.
- Purchase decision: The consumer decides which product or service to purchase.
- Post-purchase evaluation: The consumer evaluates their purchase and decides whether they are satisfied with it.
Two most important steps with regard to developing quality integrated marketing communications:
- Information search: This is the step where consumers are actively looking for information about products and services. Marketers can develop and execute integrated marketing communications campaigns that provide consumers with the information they need to make informed purchase decisions.
- Evaluation of alternatives: This is the step where consumers are comparing different products and services. Marketers can develop and execute integrated marketing communications campaigns that highlight the benefits of their products and services and differentiate them from the competition.