Explain engel-kollat-blackwell model, Marketing Research

Assignment Help:

Explain Engel-Kollat-Blackwell Model

Variables grouped into following categories

a) Stimulus inputs

b) Information processing

c) Decision process and

d) Variables

Manipulate the decision process

Strength of model

Deals with a low-involvement situation. It is recommended that in low involvement situation the degree to which the various stages in the model are undertaken decreases

Problems with model

No way of testing example If had idea of personality characteristics how could they be applied or else measured in relation to predicting buyer behaviour.

  • Lack of specificity that is variables are named in superficially plausible way but not specified in any operational detail

i. Information processing

ii. Central control Unit

iii. Decision Process and

iv. Environmental influences

i.Information processing: this component encompass the consumer's selective attention, comprehension, exposure and retention of stimuli relating to a product or else brand received from marketing and non-marketing sources. As a marketer the first step is to make sure that a consumer is exposed to your message or stimuli put attention to it understands what it is all about and as well remembers it.

ii. Central Control Unit: The stimuli thus received as well as retained are processed in the central control unit. The stimuli is processed as well as interpreted with the help of four psychological filter:

a. Stored information as well as past experience about the product/brand which serves as a memory for comparing different alternatives;

b. Evaluative criteria which the consumer utilizing in judging the alternatives

c. General as well as specific attitudes which influence the purchase decision

d. Basic personality traits which manipulate how the consumer is likely to respond to various alternatives.

iii. Decision process: Its component of the model consists of:

a. Problem recognition

b. Internal search as well as evaluation

c. External search as well as evaluation

d. Purchase processes

e. Decision outcomes

If the purchase decision is such that it needs extensive problem solving the consumer would go through all the above five stages. In case of limited problem solving or else reutilised response behaviour a few of the intervening stages may be skipped as well as the consumer may directly reach the purchase decision.

iv. Environmental Influences: The environmental factors that may well influence the consumer's purchase decision are culture, family, income, social class and physical situations. Depending on the definite product under consideration these factors may have a favourable or else unfavourable influence on the purchase decision.


Related Discussions:- Explain engel-kollat-blackwell model

Spot rate-exchange rate, Spot Rate : The current exchange rate is usually ...

Spot Rate : The current exchange rate is usually the spot rate. It is the rate at which most foreign exchange transactions are carried out. If the contract to buy or sell foreign

Analyze, Identify three or more of the secondary sources of information ava...

Identify three or more of the secondary sources of information available to REI.

Usage segmentation, Usage Segmentation Marketers are familiar with that ...

Usage Segmentation Marketers are familiar with that the occasion or situation frequently determines what consumers will purchase or consume. For this reason they occasionally fo

What are the steps involved in questionnaire building, What are the steps i...

What are the steps involved in questionnaire building? Answer When there is a debate with regard to questionnaire building process, there is consensus among research commu

Identification and measurement of exchange risks, IDENTIFICATION AND MEASUR...

IDENTIFICATION AND MEASUREMENT OF EXCHANGE RISKS : In foreign trade, you may be either an exporter or an importer. Let us now examine what is the exchange risk to which an exporte

Example to have the consumer reflexively, Q. Example to have the consumer r...

Q. Example to have the consumer reflexively? A special issue in memory are consequently called 'scripts' or procedures we remember for doing things. Scripts involve a sequence

Exploratory research, Here the hypothetical solution or actions are explore...

Here the hypothetical solution or actions are explored and evaluated by the decision marker. These studies do not require extensive efforts as information from previous studies can

Factors influencing consumer demand and launch of santro, What makes Santro...

What makes Santro click? "The consumer", says Subbu (Director marketing and soles, Hyundai) He believes that the way to a consumer's mind is thought his heart so all product launch

Marketing Management, what are the significant factors that have led to the...

what are the significant factors that have led to the success of shoppers’ stop

Research Methodology, Explain the steps involved in a research process.

Explain the steps involved in a research process.

Write Your Message!

Captcha
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