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Chapter 21
Chapter 21 - learning review - Kerin 11th Edition
12
Marketing
Undergraduate 1
12/15/2013

Additional Marketing Flashcards

 


 

Cards

Term
What is the 8 second rule?
Definition

website must load within 8 seconds or consumers will start leaving site

 

looses convenience factor

Term
What are the 6 reasons consumers prefer to shop & buy online?
Definition
Convenience, Choice, Customization, Communication, Cost, Control
Term
What are the 6 online consumer lifestyle segments?
Definition
  • click & mortar
  • hunter gatherers
  • brand loyalists
  • time-sensitive materialists
  • hooked, online & single
  • ebivalent newbies
Term
Which of the 6 lifestyle segments spend the most money online?
Definition
Brand Loyalists
Term
which of the 6 consumer lifestyle segements spends the most time online?
Definition
Hooked, online, & single
Term
Consumer-initiated practice of generating content on a marketer's website that is custom tailored to an individual's specific needs & preferences is called ______________?
Definition
Personalization
Term
What are the 7 website design elements?
Definition
  • Context
  • Content
  • Community
  • Customization
  • Communication
  • Connection
  • Commerce
Term
A cross-channel shopper is ___________?
Definition
An online consumer who researches products online & then purchases them at a retail store.
Term
Channel conflict between manufacturers & retailers is likely to arise when manufacturers use _________ websites.
Definition
transactional
Term
What is dynamic pricing?
Definition
The practice of changing prices for products & services in real time in response to supply and demand conditions.
Term
What is customerization?
Definition
The practice of not only customizing a product or service but also personalizing th emarketing & overall shopping & buying interactions for each customer.
Term
What are the 3 rules of permission marketing?
Definition
  • Customer only receives information that they want - relevant & meaningful
  • They are always given the ability to opt-out
  • Their name and buyer data will not be sold
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