Consumer Decision Making Unit 2 Consumer Decision Process Model - Stages - Factor influencing CDP Pre-purchase process Need recognition:- Its importance - factors triggering need recognition Information Search:- internal vs external search - its importance amount of search Determining alternatives:- constructing the consideration set - Evaluation of alternatives - pre-existing vs new evaluator - Process involved in constructing evaluations - Compensatory vs non-compensatory evaluation strategies Overview of Unit 2 2 Dr.CD, KSM
3 Dr.CD, KSM 2006 saw the launch of Fair And Lovelys brand extension Menz Active in the Indian market. Menz Active is HLLs reply to the much hyped and much discussed launch of Fair And Handsome by Emami Limited.
In 2005 Emami launched Indias first fairness cream for men. Indian fairness cream market is worth around Rs 1000 crores. But why fairness cream for men? Research suggests that 28 % of all fairness cream users are men. That makes sense for a serious brand in that segment isnt it? 4 Dr.CD, KSM 5 CDB Model Need recognition Information Search Pre-purchase evaluation of alternatives Purchase Intention / Purchase Consumption Post-consumption evaluation Divestment 6 Dr.CD, KSM Dr.CD, KSM 7 CDB Stages
Need Recognition Memory Individual Influences Environmental Influences 8 Dr.CD, KSM