Impulse purchase

Impulse purchase

An impulse purchase or impulse buy is an unplanned or otherwise spontaneous purchase. One who tends to make such purchases is referred to as an impulse purchaser or impulse buyer.

Marketers and retailers tend to exploit these impulses which are tied to the basic want for instant gratification. For example, a shopper in a supermarket might not specifically be shopping for confectionary. However, candy, gum, mints and chocolate are prominently displayed at the checkout aisles to trigger impulse buyers to buy what they might not have otherwise considered. [ [http://www.kindredmedia.com.au/info/tempting_shopping/199/1 Tempting Shopping, Children and Impulse Buying - David Vernon, March 2007] ] Alternatively, impulse buying can occur when a potential consumer spots something related to a product that stirs a particular passion in them, such as seeing a certain country's flag on the cover of a certain DVD. Sale items are displayed in much the same fashion.

Impulse buying can also extend to so-called "big ticket" items such as automobiles and home appliances. Automobiles in particular are as much an emotional purchase as a rational one. This in turn leads auto dealers all over the world to market their products in a rapid-fire, almost carnival-like manner designed to appeal to emotion over reason.

Impulse buying disrupts the normal decision making models in consumers' brains. The logical sequence of the consumers' actions is replaced with an irrational moment of self gratification. Impulse items appeal to the emotional side of consumers. Some items bought on impulse are not considered functional or necessary in the consumers' lives. Preventing impulse buying involves techniques such as setting budgets before shopping and taking time out before the purchase is made. Fact|date=January 2008

A study published in the June 2008 issue of the Journal of Consumer Research suggests that consumers are more susceptible to making impulsive purchases for one brand over another if they are distracted while shopping. In the study, Central Michigan University Psychology professor Bryan Gibson surveyed college students by measuring their preference for a variety of soft drinks, including Coke and Pepsi. Results of Gibson's study found that implicit attitudes, or those that people may not be conscious of and able to verbally express, predicted product choice only when participants were presented with a cognitive task, suggesting that implicit product attitudes may play a greater role in product choice when the consumer is distracted or making an impulse purchase. [ [http://newswise.com/articles/view/542684/ Study Shows Consumers May be Swayed by Distraction] Newswise, Retrieved on July 16, 2008.]

References


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Look at other dictionaries:

  • impulse purchase — UK US noun [C] ► IMPULSE BUY(Cf. ↑impulse buy) …   Financial and business terms

  • impulse purchase — 1. noun Something bought spontaneously, without planning or thought. Syn: impulse buy 2. verb To buy without thinking or planning …   Wiktionary

  • Impulse purchase — Незапланированная покупка …   Краткий толковый словарь по полиграфии

  • impulse purchase — / ɪmpʌls ˌpɜ:tʃɪs/ noun something bought as soon as it is seen …   Marketing dictionary in english

  • impulse purchase — / ɪmpʌls ˌpɜ:tʃɪs/ noun something bought as soon as it is seen …   Dictionary of banking and finance

  • impulse buy — ➔ buy2 * * * impulse buy UK US noun [C] (also impulse purchase) ► something that you buy without having planned it, and without thinking carefully: »I hadn t intended to get another pair of shoes it was an impulse buy. impulse buyer noun [C] ( …   Financial and business terms

  • impulse buyer — ➔ buyer * * * impulse buy UK US noun [C] (also impulse purchase) ► something that you buy without having planned it, and without thinking carefully: »I hadn t intended to get another pair of shoes it was an impulse buy. impulse buyer noun [C] ( …   Financial and business terms

  • impulse buying — impulse buy UK US noun [C] (also impulse purchase) ► something that you buy without having planned it, and without thinking carefully: »I hadn t intended to get another pair of shoes it was an impulse buy. impulse buyer noun [C] (also impulse… …   Financial and business terms

  • Purchase — To buy, to be long, to have an ownership position. The New York Times Financial Glossary * * * ▪ I. purchase pur‧chase 1 [ˈpɜːtʆs ǁ ˈpɜːr ] noun COMMERCE 1. [uncountable] the act of buying something: • Keep the receipt as your proof of purc …   Financial and business terms

  • purchase — buy; be long; have an ownership position. Bloomberg Financial Dictionary * * * ▪ I. purchase pur‧chase 1 [ˈpɜːtʆs ǁ ˈpɜːr ] noun COMMERCE 1. [uncountable] …   Financial and business terms

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