ASSUMPTION 1. Buying behavior is rational in the sense that it is within the buyers “bounded rationality” (March and Simon, 1958) that is his behavior is rational within the limits of his cognitive and learning capacities and within the constraint of limited info 2. Trying to develop a positive theory and not a normative theory 3. If brand c is systematic then it can be observed in different ways series of measures of the buyer’s buying behavior - Purchase behavior, attitude toward a brand, comprehension of the brand attention to impinging stimuli, intention to buy a brand 4. If behavior is systematic, it is cause by some event -a stimulus- either in the buyer or in the buyers environment this event of stimulus is an input to the system and purchase behavior is the output
Buying behavior is more or less repetitive
Buyers establish purchase cycles for various prod wc determine how often he will buy Durable appliance – cycle is lengthy and purchase is infreq; food personal-care – cycle is short and p is freq Confronted by repetitive brand-choice decisions the consumer simplifies his task by storing relevant info and establishing a routine in his decision process
Elements of a buyers brand-choice decision
Set of motives Several alternative courses of action Decision mediators by wc the motives are matched with the alternatives 3 important notions involved in the definition of alternatives as brands The several brands wc become the alternatives ti the buyer need not belong to the same product class as defined by industry Ex. Coffee, tea, to satisfy needs for beverages or coffee and beer, both belonging to physically dissimilar product classes Second the brands which are alternatives of the buyer’s choice decision re generally small in number, collectively called his evoked set Third any 2 consumers may have quite different altenatives in their evoked set
Decision mediators serve the function of ordering
and structuring the buyers motives and then ordering and structuring the various brands based on their potential to satisfy these ordered motives. Dmed develop the buyers process of learning about the buying situation. They are therefore influenced by info from the buyers environment and even more importantly by the actual experience of purchasing and consuming the brand.