Abstract
This study investigates differences in online purchase behaviour between consumer archetypes. It shows how consumers' decision-making styles and product knowledge define distinct archetypal behaviour that shapes online purchase processes and affects decision-related outcomes: satisfaction with choice; and satisfaction with process. The first study proposes a new modelling approach that creates an accurate representation of decision-making behaviour. Using this method, a clear structure that underlies seemingly chaotic purchase processes is identified. This structure offers an analytical tool capable of capturing behavioural differences between archetypes. The results show that decision-making style and product knowledge affect the structure and complexity of decision-making processes. The second study found that consumers with higher product knowledge are more satisfied with decision-making process and that this relationship is mediated by the duration of decision-making. Maximizers are more satisfied with their choice than satisficers, and this relationship is mediated by the number of alternatives that are evaluated.
Original language | English |
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Pages (from-to) | 71-82 |
Number of pages | 12 |
Journal | Journal of Business Research |
Volume | 91 |
Early online date | 5 Jun 2018 |
DOIs | |
Publication status | Published - 1 Oct 2018 |
Keywords
- Consumer decision-making
- Consumer satisfaction
- Maximization tendency
- Process modelling
- Product knowledge
- Purchase processes