1. The effect of a competent salesperson, which adds value via expert advice that makes
the shopper’s choice easier, can be understood in terms of exchange theory that
stresses that every interaction involves an exchange of value.
2. A buyer/seller situation is as in many other dyadic encounters (two-person groups); it
is a relationship where some agreement must be reached about the roles of each
participant during the process of identity negotiation.
a. A salesperson’s role and effectiveness is affected by age, appearance, education
level, motivation to sell, ability to adapt, and similarity to the customer, including
incidental similarity such as a shared birthday or common birthplace.
b. People differ in their interaction styles from assertive (and aggressive) to
nonassertive.
Discussion Opportunity—Ask: What stores do you like to go to because you like the salespeople?
What do you like about them? What are some of the stores you hate to shop at because of the
salespeople? How do they make you feel? What specifically do you not like about them? What
would you do to correct the situation if you were the management of the store?
III. Ownership and the Sharing Economy
A. Sharing economy or what is sometimes called collaborative consumption. In this
business model people rent what the need is rather than buy it. Collaborative
consumption communities typically offer a web site that allow individuals to list their
services and rating system that allow both buyers and sellers to rate their experiences.
Technology has dramatically lowered transaction costs, so that it’s much easier to share
assets and track them across large numbers of people.
IV.. Post-purchase Satisfaction and Disposal
A. Consumer satisfaction/dissatisfaction (CS/D) describes the overall feelings a person
has about a product after it has been purchased.
B. Postpurchase Satisfaction?
1. Consumers want quality and value. We infer quality when we rely on cues such as
brand name, price, product warranties, and so on.
2. According to the expectancy disconfirmation model, consumers form beliefs about
a product’s performance based on prior experience with the product or
communications about the product that imply a certain level of quality.
3. Managing expectations—To avoid customer dissatisfaction, marketers should avoid
promising something they cannot deliver. The power of quality claims is most evident
when a company’s product fails.
4. Consumers that expect too much may be fired if it is not feasible to meet his/her
needs or underpromising or setting expectations low so they may be exceeded can
alter expectations.