Categories of Decision Alternatives Awareness set Alternatives the consumer is aware of Evoked set Alternatives given consideration All potential alternatives (brands, products) Specific alternative purchased Inert set Backup alternatives Alternatives considered but not purchased Unawareness set Alternatives the consumer does not know about Inept set Avoided alternatives FIGURE 15-2

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
icon
Related questions
Question

What implications for marketing strategy does
Figure 15–2 suggest?

Categories of Decision Alternatives
FIGURE 15-2
All potential alternatives
(brands, products)
Awareness set
Unawareness set
Alternatives
Alternatives the
the consumer
consumer does not
is aware of
know about
Evoked set
Inert set
Inept set
Alternatives
Backup
Avoided
given
alternatives
alternatives
consideration
Alternatives
Specific
considered
alternative
but not
purchased
purchased
Transcribed Image Text:Categories of Decision Alternatives FIGURE 15-2 All potential alternatives (brands, products) Awareness set Unawareness set Alternatives Alternatives the the consumer consumer does not is aware of know about Evoked set Inert set Inept set Alternatives Backup Avoided given alternatives alternatives consideration Alternatives Specific considered alternative but not purchased purchased
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.