Question
Select a product or service category for which you expect the consumers' motivation, ability, and opportunity to process information to be high. Ask three consumers
Select a product or service category for which you expect the consumers' motivation, ability, and opportunity to process information to be high. Ask three consumers (e.g., your friends or relatives) to describe in detail how they would go about making a decision for this product or service category. First ask them which brands they would consider (consideration set), and then ask them to describe the specific steps they would go through in making a decision. Which brand would they choose? After collecting this information, answer the following questions: (a) How do the descriptions provided by the consumers compare with the decision models discussed in class? (b) How do these processes vary for different consumers? (c) Why did one brand tend to be chosen over another? (d) If these processes were representative of many consumers, how might this information be used to develop a marketing strategy? - 6 points
-decisions model refer to Lexicographic, multi-attribute model......
Do you think luxury handbags can be the answer?
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