Global Information Lookup Global Information

Consideration set information


Consideration set is a model used in consumer behaviour to represent all of the brands and products a consumer evaluates before making a final purchase decision. The term consideration set was first used in 1977 by Peter Wright and Fredrick Barbour.[1] The consideration set is a subset of the awareness set, which is all of the brands and products a consumer initially thinks of when faced with a purchasing decision.[2] The awareness set is filtered into the consideration set through the consumer's individual thoughts, preferences, and feelings — such as price, mood, previous experiences, and heuristics. Conversely, products that do not meet the criteria for the consideration set are either placed into the inert set or the inept set. These sets are fluid and the products in each set can change rapidly when the consumer is presented with new information.[3]

  1. ^ "Phased Decision Strategies: Sequels to an Initial Screening". Stanford Graduate School of Business.
  2. ^ "Awareness Set". Monash Business School.
  3. ^ Cite error: The named reference influences was invoked but never defined (see the help page).

and 18 Related for: Consideration set information

Request time (Page generated in 0.8416 seconds.)

Consideration set

Last Update:

The term consideration set was first used in 1977 by Peter Wright and Fredrick Barbour. The consideration set is a subset of the awareness set, which is...

Word Count : 1930

Consideration

Last Update:

Look up consideration in Wiktionary, the free dictionary. Consideration is a concept of English common law and is a necessity for simple contracts but...

Word Count : 4017

Decoy effect

Last Update:

D increases the share of B in absolute terms. Suppose there is a consideration set (options to choose from in a menu) that involves smartphones. Consumers...

Word Count : 1216

Brand awareness

Last Update:

their consideration set across a broad range of product categories. Consumers typically purchase one of the top three brands in their consideration set as...

Word Count : 6279

Product placement

Last Update:

product placement can lead to an exclusion of competing brands from the consideration set of the audience – subconsciously. It is also hoped to bypass advertising...

Word Count : 14914

Consumer behaviour

Last Update:

realistic purchase options, known as the consideration set. By definition, the consideration set refers to the "small set of brands which a consumer pays close...

Word Count : 20411

Cantor set

Last Update:

Georg Cantor in 1883. Through consideration of this set, Cantor and others helped lay the foundations of modern point-set topology. The most common construction...

Word Count : 6916

Algebra of sets

Last Update:

being set complement, the bottom being ∅ {\displaystyle \varnothing } and the top being the universe set under consideration. The algebra of sets is the...

Word Count : 1865

SBCS

Last Update:

encoding "Single-byte Character Sets". Microsoft. Retrieved 2017-04-17. "SBCS, DBCS, and MBCS data conversion considerations". IBM. 14 September 2015. Retrieved...

Word Count : 217

Naive set theory

Last Update:

of sets could be the von Neumann universe. But even when fixing the class of sets under consideration, it is not always clear which rules for set formation...

Word Count : 4715

Happy Valley set

Last Update:

Nyeri The Happy Valley set was a group of mostly British and Anglo-Irish aristocrats and adventurers who settled in the "Happy Valley" region of the Wanjohi...

Word Count : 3173

Academy Award for Best Production Design

Last Update:

named as a nominee. However, the studio later withdrew the film from consideration and it is not considered an official nominee. United Artists submitted...

Word Count : 771

2016 Baseball Hall of Fame balloting

Last Update:

more than three votes. Along with the era, these rules defined the consideration set: Players who played in at least 10 major league seasons, who are not...

Word Count : 3180

Open set

Last Update:

Whether a set is open depends on the topology under consideration. Having opted for greater brevity over greater clarity, we refer to a set X endowed...

Word Count : 4574

Consideration under American law

Last Update:

Consideration is the central concept in the common law of contracts and is required, in most cases, for a contract to be enforceable. Consideration is...

Word Count : 1232

Consideration and initiating structure

Last Update:

Consideration and initiating structure are two dimensions of leader behavior identified in 1945 as a result of the Ohio State Leadership Studies. Reviews...

Word Count : 566

Drum kit

Last Update:

called a drum set, trap set, or simply drums) is a collection of drums, cymbals, and sometimes other auxiliary percussion instruments set up to be played...

Word Count : 9821

Mens rea

Last Update:

guilty until their intention in committing the crime has been taken into consideration. The general rule under common law and statutory law is that ignorance...

Word Count : 6281

PDF Search Engine © AllGlobal.net