ADM 2320 Lecture Notes - Lecture 8: Opinion Leadership, Selective Perception, Cognitive Dissonance

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Hve you seen/heard it: selective perception, selective comprehensive/distortion. What does it mean to you: selective retention. Reinforcment: values, beliefs, attitudes, patterns and tastes, activities, interests and opinions, may show differences between consumers with identical demographic characteristics. Lifestyle: external influences-social cultural, personal influence, opinion leadership, word of mouth, reference groups, family influence, social class, subcultures, cultural differences: are taken into account when marketing, decision making process, activation, search & evaluation, intention, decision, consumption, outcome. Key consideration: financial risk (expensive, personal risk (health, social risk (image) Consequences: cognitive dissonance sort of like byers regret: brand examined, seller considered, attributes evaluated, use of eternal info, time & effort spent. Important for advertisers so that consumer will stay engaged when it come to advertisement instead of just ignoring of leaving room during promotion. Can be high risk:not always money could be risky like bright hair dye. Much info needed infrequently purchased: limited problem solving. Example would be repurchase of products like laptops, microwaves.

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