Consumer Behaviour Essay Example for Free

Consumer behaviour EssayProblem realisation is defined as the perception of a difference between the pattern state of affairs and the actual situation (stream notes chapter 1 Schiffman et al. (2011). Needs recognition is the first stage of each(prenominal) consumer finis process. The hassle recognition for buying a RADO take care is initially my sine qua non for macrocosm adapted to wear a watch. besides I know I want a luxury watch of high value and class, this makes the bribe of a high involvement highly interwoven and an extensive problem solving decision as it is precise expensive. I give be truly motivated in the coterminous step which is the count for information. being of such a high costd bribe I want to find out as often information as I feces, not just close to the reaping save also the effect of wearing a RADO watch. Firstly I lead do an internal front of information, this is a quick sweep over the mind on what I can recall about the product and is done as currently as a problem is recognised. With cast down interest or motivated purchases this could be deemed expectly and I would move onto the purchase.However, as this is a complex purchase I want to know more information, this is called an external information search. By including an external investigation I go forth better understand the risks involved with buying a RADO watch. Such as useable risk, will the product work as expected? Physical risk, is the watch safe? such as reactions to the materials it is make from. Financial risk, is it worth the price? will I gain enough satisfaction to countenance such an expensive item. Social risk, am I going to embarrass myself or not stand for in?Physiological risk, what effect will wearing a RADO watch have on myself esteem, will I feel good? and lastly time risk, the amount of time and effort spent on the purchase decision, was it a waste? The amount of time spent on an external information search all depends on t he value of the product to the consumer. In this case I would undergo a very detailed investigation where I invest a lot of time because of my student financial situation. When doing external research I am soon effected by marketers and exposure to outside stimulants.For example when doing my search I wanted to see where I could purchase a RADO watch from . When I visited the RADO website I was soon drawn in by the instant look of class and wealth which appeals to my own(prenominal)ity and realize by purchasing a new RADO watch I would be fueling my ego and moving towards my archetype self image. I also satisfied my need for knowledge and information about the product, I learnt what they were make out of, what new technology they include and what celebrities and events endorse the products, which to me shows they are of a popular status and could bring in a positive image about myself. thence I will move on to the next stage of the decision model, evaluation of alternatives. By using the conjunctive decision rule I am able to set a degree of cut off standard. The Executive watch market is very competitive and includes other brands such as ROLEX, TISSO and MIDO. All of which offer a similar product but I believe a RADO watch provides a better experience. Its combined features such as having a reputation of being scratch free, sleek and an indus seek leader for design and new materials match its personal experience portraying a high social class, wealth, success and confidence.After all Andy Murray wears one. After being satisfied with my choice and research I then purchase the RADO watch from either the Christchurch or Auckland supplier. However Purchasing the product IS important it is not the final stage of the consumer decision model. After purchasing the product a consumer then evaluates the effect, while wearing my RADO watch I evaluate its effect, has it meet all my expectations. Consumers will try to reduce post purchase cognitive dissonance by seeki ng support that they made the right decision, either from peers, advertising or other customers.After purchasing my watch I felt it did meet all my expectations of class and image aswell as functionality however I was not happy from the price I paid. RADO watches are very expensive ranging from over $1000 for the cheapest. After investing so much money I feel that it is not worth the satisfaction or wellbeing I gained. Therefore I would take the final step in the model by divestment. I would claim stand my money from the watch by reselling it. Divestment is the remarketing, reselling or disposal of the product or packaging after use. My purchase of a Manual tooth brush is allot more simple and would be considered a habitual decision with low involvement as I would always choose the cheapest brush. The first stage, needs recognition would reach when my current tooth brush became worn out and I need a replacement. When undergoing an information search I would solely rely on an int ernal method and would feel satisfied that I know enough information about the product choices.The reason I have a low involvement anticipation is because I see the product as low risk as there is no hearty design difference or any features between the choices that effect social, financial, psychological, or time risk. they all seem indifferent apart from a slight price difference. This comes from a recollection of past experiences where I work the same satisfaction from any brand, The next step in the model, pre purchase evaluation of alternatives would solely supervene at the single shop I went to when I am actually picking my product from the shelf.As a tooth brush is of low involvement and value to me I have no motivation to visit any other outlets and want to get the purchase done as fast and easily as possible. The next step is to purchase the item, which I will do by picking the cheapest one from the shelf, honorarium then leave the store to consume the product. When I c onsume the product I dont have many standards that need to be meet. Therefore this brush easy for fills my requirements and I am satisfied.Being of a low involvement purchase the post purchase evaluation will be check and not as extensive of such as the RADO watch. I will continue to re purchase this brand but only if it remains the cheapest, I have no brand loyalty and will switch to alternative brands if there are opportunities such as a sale. The final stage in the process is divestment. After use, both the product and its packaging will be disposed of as glass because it holds no further value for resale, unlike the watch which is still valuable because of its high price. cant try it on rado The standard consumer decision process model by Engel, Blackwell and Miniard is very useful for marketers as it is a road map of consumers minds which takes a journey through the different steps of consumption, starting with problem recognition then information search, evaluation of alter natives, purchase, consumption, post consumption evaluation and lastly divestment.