Describe the event and explain what you did about it

Assignment Help Marketing Management
Reference no: EM131264762

To Buy or Not to Buy?

Thomas from Michigan decided to replace the two front tires on his truck because winter was approaching and they were beginning to look worn. He suspected that the tires probably could hold out longer, but wanted to be on the safe side. When he went to shop for tires at a store that had been recommended to him by a good friend, the mechanic of the shop advised him to replace all four tires. Putting faith in the mechanics recommendation, Thomas spent more than he had planned and bought all four tires instead of just replacing the front two. Afterward, because he had spent so much money for the tires that he wasn't even sure he needed, he experienced cognitive dissonance about the decision. Hoping to dispel his doubts, he compared prices of tires at other places and discussed his decision with his co-workers the next day that had experienced buying tires. The evidence that Thomas collected convinced him that he used good judgment in replacing his old tires, and he also believed that he had gotten a good bargain.

• Recall an occasion when you experienced cognitive dissonance about a purchase. Describe the event, and explain what you did about it.

• Did anyone such as a family member, friend, or colleague play a role in your cognitive dissonance about your purchase?

• What did you learn from this experience overall and the factors and influences that play a part in you the consumer's decision making process.

• 150 words.

Reference no: EM131264762

Questions Cloud

Interpersonal conflict in television : Interpersonal Conflict in Television. Watch one episode of one of the above television programs and identify and describe one interpersonal conflict that was not handled effectively.
Describe the various theoretical explanations : Describe the various theoretical explanations of social problems and the relationship of social problems to the quality of life. The second part of the written assignment requires researching articles within the online library.
Why do i want a website : Purpose: Why Do I Want a Website? In our globalized world, the Internet is a way to network, earn professional opportunities, and become proactive in our fields
What factors should be considered in the decision : What factors should be considered in this decision? How does the fact that Bit Technology is an international Corporation affect which factors are important?
Describe the event and explain what you did about it : Recall an occasion when you experienced cognitive dissonance about a purchase. Describe the event, and explain what you did about it.
Evaluating the strategic plan : Determine the best possible options for evaluating the strategic plan. Explain the ethical issues faced by the organization, summarize the legal and regulatory issues faced by the organization, and then summarize the organization's corporate social r..
Write a program to compute the autarky solution : Write a program to compute the autarky solution, and use it to reproduce Hopenhayn and Nicolini's calibration of r, as described in text.
Calculate the discounted payback period : Calculate the Weighted Average Cost of Capital (WACC) for Art's Artichokes assuming that they will be utilizing retained earnings rather than any new common stock.
Demonstrate personal passion for your critical thinking : Demonstrate personal passion for your position and critical thinking with persuasive language, sound logic, valid claims, and credible support for the claims.

Reviews

Write a Review

Marketing Management Questions & Answers

  Effectiveness of benadryl

At the bottom of the ad, in small print, is an explanation of how the effectiveness of Benadryl was determined.

  Why marketing managers should understand consumer behaviour

The type of decision making a consumer uses for a product does not necessarily remain constant. Why? Support your answer with an example from your own experience.

  Marketing concept according to krzysztof kubacki

Define the below marketing concept according to Krzysztof Kubacki Define the various Orientations said by Garnier, could they be as Product and Market Orientation

  Characteristics of an effective marketing information system

L5MM Marketing Management. Evaluate the role and uses of marketing information and intelligence. Appraise the structure and characteristics of an effective marketing information system

  What are some things you should consider?

Learning Team Reflection Assignment: What are some things you should consider and What made this campaign unsuccessful

  Identify the companys recent product acquisition

Introduction. Identify the company by its full name; identify the company's recent product acquisition

  Develop an initial budget for your plan

Prepare a pie chart showing the dollars/percentages budgeted for each included marketing activity for the first year. Provide justification for your choices.

  Create an appeal slogan for the item that you selected

Create an online appeal message in which you are trying to solicit money for the item that you selected.  Create an appeal slogan for the item that you selected. Propose at least two (2) graphics and / or photographs that will be used for the appeal ..

  Physical and chemical properties of water

Discuss how the unique physical and chemical properties of water contribute to the importance of water for life on Earth to survive

  Calculate the total entropy change of the system

Ten grammes of water at 20°C is converted into ice at -10°C at constant atmospheric pressure. Assuming the specific heat of liquid water to remain constant at 4.2 J/gK and that of ice to be half of this value, and taking the latent heat of fusion ..

  What influences the choice of products and services

What Influences the Choice of Products and Services?

  What is the price in the domestic market

How much will the firm produce, how will production be divided between the two plants, and how much will be sold in the two markets? What is the price in the domestic market, and what will be the firm's profit?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd