Is More Choice Always Better? Introduction Choice in the business is refer to as consumers’ choice and defined as the decisions that consumers make when purchasing products and service (Foxall, 2005). Consumers’ choice behaviour is examine by how consumers make their decision on which products or services to purchase or consume over time. It becomes quite clear that it is a big factor when any individual makes a decision, especially in the era of competitive marketing, where consumers are often spoil with choices and situations where customers are not able to choose well due to the variety choices they have to pick from (Foxall, 2005). ……….. of More Choices Having more choices can benefit people in two ways. Firstly, people with high demand of tastes and needs, more choices will satisfy their specific wants and needs (George, 2012). In situations where different people have different taste in a particular product or service, people might need a wider range of varieties and information of the products to choose from before they can make up their mind (Huber, Kirchler and Sutter, 2008). For example, Apple Inc. the American multinational technology company, offers a variety of types and specifications of computers to satisfy their customers of all ranges in the corporate and commercial market. Laptop that are light weight are catered to customers who carry laptops around on daily basis and are suitable for travelling. For the corporate market, mid-range specification
Consumers are the centre of many marketers work. While the consumer is part of the marketing environment, it is also very important to recognise and understand the more personal and specific influences effecting consumers and the nature of the decision making process they use.
Consumers buying decision making play an important role for the success of every company or organisation. Without the investigation into consumers and their buying behaviour companies and organisation and marketer cannot achieved their aims and objective of their goals in the sale of their product. The purpose of this investigation is to explore the relationship between the consumers buying decision making process and the beverage brand products. (Coca Cola and Pepsi Cola) The data for the research has been collected from the UK one of the biggest town in England know as Huddersfield. The result from the research has determining that in the UK, majority of the consumers prefer Coca cola beverage brand than Pepsi and the research result has indicated that consumers buying decision can significant influence the beverage brand product in the UK market the research continue to say that if coca cola has put more focus on consumers buying decision in the UK know what they expected from them and producer according to their customers demand and try to satisfy their need and wants this can lead coca cola toward the success and increase their profit in the UK market
b) Ability to meet delivery times, the quality and stability of components, model selection that meets the requirements (laptop, netbook, tablet, etc.);
As a consumer, I find that the consumer decision making process is a great help in choosing for the right product which gives a consumer the greatest satisfaction. One of the latest scenarios where I applied this process into my product purchases was buying a
Can one choice make a difference? Robert Frost, an American poet, was born in San Francisco on March 26, 1874. Some of his most famous poems are The Road Not Taken, Stopping by Woods on a Snowy Evening, and Carpe Diem. Throughout his works, we see many people who are forced to face troublesome challenges that are essential in a person’s life, especially in The Road Not Taken. He exhibits his theme about making choices by capturing the essence of a person who has encountered and persevered through difficult times. In any case, one irreversible decision can have an enormous effect in somebody's life.
The consumer arrives at attitudes toward different brands through some evaluation procedure. How consumers go about evaluating purchase alternatives depends on the individual consume and the specific buying situation. In some cases, consumers use careful calculations and logical thinking. At other times, the same consumers do little or no evaluating; instead they buy on impulse and rely on intuition. Sometimes consumer makes buying decisions on their own; sometimes they turn to friends, consumer guides, or salespeople for buying advice.
Consumer behavior is defined in a variety of ways such as “the dynamic interaction of affect and cognition, behavior and environmental events by which human beings conduct the exchange aspects of their lives.” by the American Marketing Association. (2008). In a simpler form, consumer behavior can be explained as the actions of consumers and the different approaches a person may take to decide what to buy and the decision making process. The decision making process can be effected by many factors all related to a person or persons lifestyle. Determining that behavior can be confusing and
Consumer behaviour is defined as the behaviour that consumers undertake in seeking, purchasing, using, evaluating and disposing of products and services that they expect will satisfy their personal needs (Nayeem 2012). Different consumer may have different choices in purchase that is dependent on various influences. High involvement purchase sets the best example of engaging in consumer behaviour in various aspects as complex buying behaviour occurs when the consumer is highly involved with the purchase and when there are significant differences between brands. This behaviour can be associated with the purchase of a something significant in value and meaning to consumer which could be risky (Tanner 2012). High
In modern society, electronics are used on a daily basis. Virtually everyone has a smartphone that they carry with them at all times, and most individuals have a personal computer for home use. In this electronic age, it is primarily two companies that are competing over the market share in order to be recognized as the best performing tech company: Apple Incorporated and Microsoft Corporation. Most individuals, when asked, have strong preferences towards either Apple or Microsoft products
There are several desirable alternatives. Today‟s car buyer, for example, has an abundance of choices among similar attractive models. In fact, research indicates that those consumers who experience greater difficulty in making purchase decisions, or who consider a wider range of store and brand options, are more likely to experience greater magnitudes of postpurchase dissonance.
Everyday, every minute, and every second consumers are making decisions on whether or not they should purchase a given product. The product could be as small as a candy bar to as big as a car. The processes that flow inside the mind of a consumer when making a decision is both psychologically and economically based. So, understanding the process is central to making rationally based decisions. However, this decision is not only important to the consumer purchasing the product, it’s also of important significance to the marketers and policy makers. Reasons why making decisions can be so difficult is that the consumer is dealt with many alternatives, and with the rapid pace in technology this is making it more difficult.
When shopping for a computer, one can look at the cost and compare it to other models. For instance, individuals usually have less to spend than organizations. The HP Envy model is adequate for companies looking for greater processing power (Intel Turbo Boost) (“HP Pavilion HPE,” 2011). The Dell Studio model is a little expensive; however, this model is adequate for small business and organizations. Similarly, the HP Companies looking for attractiveness will find the MacBook’s unique design quite appealing. Overall, these three models range in price from $649.99 to $1300.00, they are high end products known for quality and
Understanding consumer buying behavior entails marketing, relationships, and consumer behavior. Consumer behavior comprises all the consumer decisions and activities connected with the choosing, buying, using and disposing of goods and services. Marketers must pay very close attention to consumer behavior that occurs before the purchase and after the particular product has been used. Studying consumer habits is one of the steps in marketing search and analysis. In addition to other basic principles of consumer buying habits, marketers also need to study the decision and actions of real people. Until recent history the study of consumer behavior was focused on generalized consumer decisions. With
It is almost universal, and in more areas beyond the world of consumer goods. Just consider these options: Where to go on vacation, where to put your retirement funds, which digital camera to buy, what to eat in the restaurant, in which restaurant to eat. No, in affluent societies, an area in which the number of choices is not overwhelming. The only exception is the American electoral politics. This is another paradox. You can choose from a thousand varieties of orange juice, but only between two presidential candidates. It should not be. Q - And besides consumer goods?
An element to consider is that the buyer is not necessarily the user of the product and may have influences from others. Some consumers are quite loyal to the same brand, making the decision quite routine. In some instances some consumers might not need to make a decision and knows exactly what they want. Other factors that can influence consumers could range from lifestyle, knowledge, attitude, personalities and even roles they play e.g. if the consumer were to buy snack food for a party they may choose a higher quality product that he would choose when selecting for themselves. Motivation also plays a major role where consumers would look at financial position, time constraints and value for money.