Preview

Ethel's Chocolate Lounges Essay

Good Essays
Open Document
Open Document
837 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Ethel's Chocolate Lounges Essay
The paper that I am writing is an evaluation of Ethel’s Chocolate Lounges: Back to the Future? Chocolate Lounges Sweet Success and to answer the questions of: (1) describe the buying decision a consumer makes when choosing to spoil themselves with Ethel’s Chocolate; (2) describe the factors that make customers want to eat and spend money at Ethel’s; (3) what factors will motivate consumers the most and; (4) what is so appealing about Ethel’s and what needs are met buy the consumer.

THE CONSUMERS BUYING DECISION When a customer is looking to make a purchase there are three broad categories that a consumer will generally follow: routine response behavior, limited decision making and extensive decision making. The easiest way to figure out
…show more content…
These 5 factors are previous experience, interest, perceived risk of negative consequences, situation, and social visibility. Previous experience would be whether they had ever been to this store often and what type of knowledge of the product they might have. Interest would refer to the level of interest the consumer shows towards the product. This would be different for all people as a person’s interest in not only the products offered but also their level of interest in the actual experience. Perceived risk of negative consequences would first involve how the consumer feels about the purchase. This can be from the money that would was spent, buyer’s remorse for either spending too much or on an unwise product, and even how people around the consumer reacted to the purchase. Situation circumstances could transform a low involvement decision into a high involvement decision. For example, if the customer is used to only buying chocolate bars in the check-out lane of the grocery store, but decides that the entire experience at Ethel’s is worth this higher involvement decision. And finally, the social visibility involvement increases as more and more people become aware of Ethel’s product and

You May Also Find These Documents Helpful

  • Best Essays

    Cango Operations

    • 3288 Words
    • 14 Pages

    SDSU (2010, September 7) Consumer behavior: Consumer buying process. San Diego State University. Retrieved from http://www-rohan.sdsu.edu/~renglish/370/notes/chapt05/index.htm…

    • 3288 Words
    • 14 Pages
    Best Essays
  • Better Essays

    Cereal Aisle Analysis

    • 1249 Words
    • 5 Pages

    To understand how the consumer progressed through the consumer behavior process, we must first understand the consumer buying process. It is also important to note that not every consumer goes through all the stages. There are six stages in the consumer buying process: Problem Recognition (need) - in this stage the consumer realizes that they are lacking something, therefor they have a need; Information Search- now that the consumer has acknowledged their need (or want) they start finding the necessary information or taking the necessary actions to fulfill their need; Evaluation of Alternatives- in this stage the consumer knows what they need or they at least have some general idea, and now they are looking at all the options available to them; Purchase Decision- At this point the consumer is now processing all the information from the evaluation of alternatives, and deciding to move forward with their purchase or not; Purchase- this is the stage where the transaction is complete. The need that was previously acknowledged has been met; Post Purchase Evaluation- At this point the consumer decides whether they are happy with their purchasing decision or if they have feelings or remorse.…

    • 1249 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    Study Guide

    • 500 Words
    • 2 Pages

    3. For example, what is the role of temporal factors? Atmospherics? In-store decision making? What does “spontaneous shopping” mean? Why is it important to marketers?…

    • 500 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Describe the type of consumer buying decision that best describes the choice to indulge at Ethel’s.…

    • 1109 Words
    • 5 Pages
    Good Essays
  • Good Essays

    MOD 4

    • 776 Words
    • 4 Pages

    2: Name and describe the types of buying decision behavior and describe a personal example for each.…

    • 776 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Consumers typically make common decisions on food, apparel or entertainment in small quantities. Professional buyers typically make large scale purchases. Consumers make unilateral decisions, while professional buyers make decisions as a team, often subject to approval of others, using a formal buying process. Consumers face a yes or no decision on an offered price, while professional buyers will negotiate not only the offered price but related factors like payment methods, technical support, changes in quality or features or advertising support.…

    • 456 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    An individual who purchases products and services from the market for his/her own personal consumption is called as consumer.To understand the complete process of consumer decision making, let us first go through the following example:Tim went to a nearby retail store to buy a laptop for himself. The store manager showed him all the latest models and after few rounds of negotiations, Tim immediately selected one for himself.In the above example Tim is the consumer and the laptop is the product which Tim wanted to purchase for his end-use.Why do you think Tim went to the nearby store to purchase a new laptop ?The answer is very simple. Tim needed a laptop. In other words it was actually Tim’s need to buy a laptop which took him to the store.The Need to buy a laptop can be due to any of the following reasons:…

    • 570 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    Mehdi Research

    • 3678 Words
    • 15 Pages

    The agenda of this report is to analysis the customer purchase patterns and the different factors that influence the customer decision making for purchasing any particular product or acquiring any services. The data analyzed in this report will give a general perspective in respect to consumer behavior. This can be helpful in making marketing strategies using a set of marketing mix relevant to the…

    • 3678 Words
    • 15 Pages
    Better Essays
  • Satisfactory Essays

    The consumer decision making process has been studied extensively over the last decades. It is of critical importance to understand the various decision stages before conducting market research, developing products/services, promotions, pricing strategies, and ultimately a sound marketing plan. Therefore, we take a detailed look into the buyer decision process.…

    • 191 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Marketing Objective

    • 695 Words
    • 3 Pages

    However, marketers must understand that getting customers to commit to a decision, such as a purchase decision, is only achievable when a customer is ready to make the decision. As we saw in the tutorials covering Consumer Buying Behavior and Business Buying Behavior, customers often move through several stages before a purchase decision is made. Additionally before turning into a repeat customer, purchasers analyze their initial purchase to see whether they received a good value, and then often repeat the purchase process again before deciding to make the same choice.…

    • 695 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    It is necessary to understand consumer behaviour; this is based on the activities leading to the acquisition and use of goods or services, including decision-making processes that determine a purchase. In this process the consumer performs actions such as search, purchase, use and evaluation of products expected to be used to meet their needs (Solomon Michael, 2007).…

    • 2244 Words
    • 9 Pages
    Powerful Essays
  • Better Essays

    Consumer Behavior

    • 1443 Words
    • 6 Pages

    I observed 5 consumers in total, consumer A and B in the cereal aisle and consumer C, D and E in the Bread aisle. When making a purchase decision, a consumer goes through a process which is often composed of stages: Recognition, Information Search, Alternative evaluation, Purchase decision, and Post-purchase behavior.…

    • 1443 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    Information Search

    • 1354 Words
    • 6 Pages

    Combination of both 4-5 Information search and purchase involvement High purchase involvement Low purchase involvement Habitual decision making Limited Decision making Extended Decision making increasing active external research 4-6 Information search What do you look for?…

    • 1354 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Customers go through a five-stage decision-making process in any purchase. This is summarized in the diagram below:…

    • 2175 Words
    • 9 Pages
    Powerful Essays
  • Satisfactory Essays

    Comparative study of consumer behavior towards Nestle and Cadbury chocolates. Sub Objectives of the study are:…

    • 418 Words
    • 2 Pages
    Satisfactory Essays

Related Topics