Question

In: Economics

Define the behavioral outcomes of consumption ?

Define the behavioral outcomes of consumption ?

Solutions

Expert Solution

Answer :-

Procedural justice - Extent that consumers believe the processes involved in processing a transaction, performing a service or handling a complaint is fair

Critical incident - Exchanges between consumers and business that the consumer views as unusually negative

There are basically four behavioral outcomes of consumption.

  1. Complaining Behavior
  2. Word-of-Mouth(WOM)
  3. Switching
  4. Loyalty

Complaining Behavior:-

The action that occurs when a consumer actively seeks out someone with whom to share an opinion regarding a negative consumption event.

Word-of-Mouth :-

Positive or negative pass on information from one to another about experiences with companies.

Switching :-

Times when a consumer chooses a competing choose, rather than the previously purchased choice, on the next purchase.

Loyalty :-

Easier to do business with a customer who has already done business with a company is easier than a new customer.


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