Consumer Decision Making Process: Purchasing A Laptop
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This presentation discusses the consumer decision-making process for purchasing a laptop. It covers the five key steps: problem recognition, identification of alternatives, evaluation, final decision, and post-purchase decision. The presentation also highlights possible issues that may occur during the purchase process.
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Consumer Decision Making Process Purchasing A Laptop Student’s name Institution Affiliation(s)
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2 Introduction Consumer decision-making process involves five key steps which include: a)Problem recognition b)Identification of the available alternatives c)Evaluation of those alternatives d)Final decision to buy a product and e)Post-purchase decision.
3 a) Problem Recognition As Adhikary (2014) states, “with most customer buying process models, the approach begins with the determination by the consumer that he or she has a need or a want that must be fulfilled”. At this stage of consumer buying process, consumers identify their needs and then carryout a search for the available alternatives (Peng et al., 2016). My need and desire is to own a new laptop gadget which will give me the ability to be able to do more research than ever before.
4 b) Identification of the Available Alternatives When purchasing a laptop, I will research the products online to find out what brands have the best beginning components included in the package such as: Hard drive size Processor size Random virtual memory availability, and External outlets such as USB ports, SD ports and wireless access, all built in, along with a DVD with full capabilities (Cansu, 2013).
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5 c) Evaluation of Purchasing Alternatives As a consumer, I will look for price, features, functionality, shape, and reliability in order to choose the laptop that suits my needs. Customers usually choose such company to buy the product from which can deliver them with superior quality product (Conner, 2016). For a laptop, I will be going for one from Dell, Hp or Samsung.
6 d) Final decision to buy the Laptop This is the fourth stage of the consumers’ decision-making process. At this stage, a person goes on to buy a particular product from a selected company (Anderson & O’Connor, 2019). The more welcoming the response of the company will be, the more the customer will be satisfied with the product, as well as with the company (Willman, 2017).
7 e) Post-Purchase Decision This is the last stage in the consumer buying process. At this stage, a company evaluates the satisfaction level of the customers. “After the order is received the purchasing company may spend time reviewing the results of the purchase” (Willman, 2017). When the product is delivered to the customer properly, it increases the level of customer satisfaction, whereas poor delivery and lack of product quality affects the image of the product manufacturing company in the market(Hicks, Steele, & Spencer, 2013) .
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Possible issues that would occur during the purchase process Different pricing for the same product. If the product is the same price at all the contracted stores but available online for cheaper, then chances are that I will order online instead of going to a physical store to make the purchase, unless it is just to look at the physical model before making the purchase online .8
9 References Adhikary, A. (2014). Advertising: A Fusion Process between Consumer and Product. Procedia Economics and Finance, 11, 230–238.https://doi.org/10.1016/S2212-5671(14)00191-9 Anderson, C. L., & O’Connor, E. L. (2019). The effect of the health star rating on consumer decision-making. Food Quality and Preference, 73, 215–225.https://doi.org/10.1016/j.foodqual.2018.11.005 Cansu, C. (2013). The Consumer Decision Making Process as It Relates to Replaying a Laptop Computer. American Academic & Scholarly Research Journal, 5(6), 129–154. Retrieved from:https:// www.questia.com/library/journal/1P3-3193317421/the-consumer-decision-making-process-as-it-relates Conner, M. (2016). Drivers of Decision-Making: Models of Consumer Decision-Making. In Reference Module in Food Science.https://doi.org/10.1016/B978-0-08-100596-5.03358-8 Dumitru, M. (2015). Important Elements in Consumer’s Decision-making Process. Procedia Economics and Finance, 22, 780–786.https://doi.org/10.1016/S2212-5671(15)00306-8 Faulds, D. J., Mangold, W. G., Raju, P. S., & Valsalan, S. (2018). The mobile shopping revolution: Redefining the consumer decision process. Business Horizons, 61(2), 323–338.https:// doi.org/10.1016/j.bushor.2017.11.012 Gumilar, I., Rizal, A., Sriati, & Putra, R. S. (2018). Analysis of consumer behavior in decision making of purchasing ornamental freshwater fish (case of study at ornamental freshwater fish market at Peta Street, Bandung). IOP Conference Series: Earth and Environmental Science, 137, 012081. https://doi.org/10.1088/1755-1315/137/1/012081
10 References Continued. Hicks, J., Steele, J., & Spencer, M. (2013). Decision Making Processes and Outcomes [Research article]. https://doi.org/10.1155/2013/367208 Komal, R., & Jha, M. (2014). Consumer buying decisions models: A descriptive study. International Journal of Innovation and Applied Studies, 6, 2028–9324. Peng, H., Xia, S., Ruan, F., & Pu, B. (2016). Age Differences in Consumer Decision Making under Option Framing: From the Motivation Perspective. Frontiers in Psychology, 7.https:// doi.org/10.3389/fpsyg.2016.01736 Pescher, C., Reichhart, P., & Spann, M. (2014). Consumer Decision-making Processes in Mobile Viral Marketing Campaigns. Journal of Interactive Marketing, 28(1), 43–54.https:// doi.org/10.1016/j.intmar.2013.08.001 Stankevich, A. (2017). Explaining the Consumer Decision-Making Process: Critical Literature Review. Journal of International Business Research and Marketing, 2(6), 7–14. Willman, H. (2017). The future of consumer decision making. European Journal of Futures Research, 5(1), 14.https://doi.org/10.1007/s40309-017-0125-5 Zhang, Y., & Doucette, W. R. (2019). Consumer decision making for using comprehensive medication review services. Journal of the American Pharmacists Association, 59(2), 168-177.e5.https:// doi.org/10.1016/j.japh.2018.11.003 Zuschke, N. (2019). An analysis of process-tracing research on consumer decision-making. Journal of Business Research.https://doi.org/10.1016/j.jbusres.2019.01.028