The major components of Nicosia Model of consumer decision-making are: A. The consumer's attitude based on firm's message exposure B. Perceptual and learning constructs C. Feedback in the form of purchase experience D. Extensive problem solving by consumer E. Consumer's product search and evaluation Choose the correct answer from the options given below:
A, C and E only
The Nicosia Model of consumer decision-making, developed by Francesco Nicosia in 1966, is one of the early comprehensive models that attempts to explain the complex process a consumer goes through when making a purchase decision. It views the consumer as a system with inputs and outputs, focusing on the interaction between the consumer and the marketing environment.
The model is structured into four major fields (or sub-areas), representing different stages and influences in the consumer decision journey. Understanding these fields helps in identifying the major components of the model.
The Nicosia Model is typically broken down into the following interactive fields:
Let's evaluate each statement in the context of the Nicosia Model's major components:
Based on the analysis, the statements that represent the major components or explicit fields of the Nicosia Model are A (related to Field 1), C (Field 4), and E (Field 2). Statements B and D describe underlying processes or types of behaviour rather than the primary structural components or fields of the model as typically presented.
The major components of the Nicosia Model of consumer decision-making among the given options are the consumer's attitude formation based on messages (related to Field 1), the consumer's product search and evaluation (Field 2), and the feedback from purchase experience (Field 4).
Therefore, the correct statements are A, C, and E.
| Statement | Relates to Nicosia Model? | Explanation |
|---|---|---|
| A. Attitude from message exposure | Yes | Part of Field 1 (Attitude Formation). |
| B. Perceptual/learning constructs | No (as a major component) | Underlying processes within fields, not a named major component. |
| C. Feedback from purchase | Yes | Field 4 (Feedback). |
| D. Extensive problem solving | No (as a major component) | A type of decision-making process, not a structural field. |
| E. Product search and evaluation | Yes | Field 2 (Search and Evaluation). |
The Nicosia Model is one of several comprehensive models developed in the 1960s and 1970s to map the consumer decision process. Other notable models include:
These models highlight different aspects of the consumer decision process and provide frameworks for marketers to understand and influence consumer behaviour. The Nicosia Model is distinct in its focus on the interaction between the firm and the consumer and the explicit inclusion of a feedback loop from post-purchase experience.
Which of the following are necessary conditions for applying Simeon Denis Poisson distribution in the field of managerial decision making?
A. Each occurrence of an event is independent of the occurrence of the other event
B. The probability of an occurrence is the same for any two intervals of equal length
C. Poisson distribution describes continuous occurrences over a specific time interval
D. In each interval, occurrences can range from zero to infinity
Choose the correct answer from the options given below:
Which of the following common difficulties are faced in making decisions and implementing?
(A) Non-actionable information
(B) Unsupporting environment
(C) Easy acceptance by subordinates
(D) Ineffective communication
(E) Incorrect timing
Choose the correct answer from the options given below
Match List - I with List - II.
List - I Decision Rule | List - II Rationale for applying the decision Rule to Down App. | ||
(A) | Conjunctive | I) | "I bought the Smartphone App with the highest over all railing". |
(B) | Disjunctive | (II) | "I down loaded the Smartphone App that had the most downloads". |
(C) | Affect Referred | (III) | "I selected the Smart Phone App that had no bad features". |
(D) | Majority vote | (IV) | "I picked the Smart Phone App that excelled in at least one attribute ". |
Choose the correct answer from the options given below: