What is mental accounting and how does it impact consumer decision making?

Design and create a slide presentation to persuade an audience to purchase a product or service
August 7, 2017
Develop a pamphlet to inform parents and caregivers about environmental factors that can affect the health of infants.
August 7, 2017
Show all

What is mental accounting and how does it impact consumer decision making?

  • What is mental accounting and how does it impact consumer decision making?
  • How might a company take advantage of consumers’ mental accounting? Give examples.
  • As a marketer, how might you frame certain decisions to benefit from the disparities that arise in one’s cognitive accounting?
  • As a consumer, how would you avoid the pitfalls posed by the inequalities of one’s cognitive accounting?


Leave a Reply

Your email address will not be published. Required fields are marked *