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Consumer Behavior Mid-Term
Mid-Term for Consumer Behavior
66
Marketing
Undergraduate 3
02/20/2010

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Term
Consumer Behavior
Definition
act that consumers display in searching for, purchasing, using, evaluating, and disposing of products and services they expect to satisfy needs
Term
Production, Product, and Selling Concept
Definition
Production - Henry Ford

Product - consumers buy highest quality, best performance, most features

Selling - marketers primary focus is selling product, assumes consumers won't buy without aggresive persuasion
Term
Consumer Research
Definition
represents the process and tools used to study consumer behavior
Term
Customer Value
Definition
ratio between customer's perceived benefits and the resources used to obtain these benefits
Term
Customer Satisfaction
Definition
individual's perception of the performance of the product or service in relation to his/her expectations
Term
Consumer Decision Making
Definition
Input Stage - influences consumer recognition of product need (consists of info from marketing efforts and social info.)

Process - how consumers make decisions (psychologically)

Output - consumer decision making noting purchase behavior and postpurchase evaluation
Term
Positivism
Definition
quantitative research to understand the effects of various promotional inputs on customer
Term
Interpretivism
Definition
research focus on understanding consumer experiences (more interested in consumption than buying)
Term
Observational Research
Definition
figuring out relationship between people and products by watching them in process of using/buying products
Term
Mechanical Observation
Definition
uses mechanical/electronic device to record customer behavior/response to particular stimulation (i.e. counters)
Term
Physiological Observation
Definition
devices that monitor respondents patterns of information processing (i.e. an eye camera)
Term
Test Experiment
Definition
prior to launching new product, elements such as package,price, promotion are manipulated in controlled setting in order to predict sales
Term
Validity vs. Reliability
Definition
Validity - a study that collects the appropriate data needed to answer the questions or objectives

Reliability - if the same questions, of similar sample, produce same results
Term
Likert Scale
Definition
check/write number corresponding to level of "agreement" with a series of statements
Term
Semantic Differential Scale
Definition
uses a series of odd numbers between to opposite objectives (1, 3, 5, 7, 9)
Term
Projective Techniques
Definition
designed to tap underlying motivates of individuals despite their unconscious rationalizations or efforts at conscious concealment
Term
Zaltman Metaphor Elicitation Technique (ZMET)
Definition
relies on visual images to assess consumers' deep and subconscious thoughts about products, services, marketing strategy)
Term
Mystery Shoppers
Definition
professional observers who pose as customers to interact w/ and provide unbiased evaluations of company's service personal
Term
Hybrid Segmentation
Definition
use a combination of several segmentation bases to create rich and comprehensive profiles of particular consumer segments
Term
AIO's
Definition
Activities, interests, and opinions (psychographic profile of a consumer segment)
Term
Sociocultural Variables
Definition
a division of consumer markets that have been successfully divided into segments on basis of stage in family, social class, cultural values, group memberships, etc.
Term
Usage Situation
Definition
a segmentation variable that is known by looking at the occasion or situation that determines what consumers will purchase or consume
Term
Benefit Segmentation
Definition
segmentation used to position various brands within the same product category (toothpastes with "whitening" are divided to benefit segmentation)
Term
Differentiated vs. Concentrated Marketing
Definition
differentiated - targeting several segments using individual marketing mixes

Concentrated - targeting one segment with a unique marketing mix
Term
Innate Needs
Definition
physiological needs including food, water, air, clothing, shelter, and sex
Term
Acquired Needs
Definition
needs we learn in response to our culture or environment, including needs for self-esteem, prestige, affection, power, learning
Term
Approach vs. Avoidance Object
Definition
approach - positive goal is one toward which behavior is headed

avoidance - negative goal is one from which behavior is directed away from
Term
Rational vs. Emotional Motives
Definition
rational - in terms of the traditional economic smart sense

emotional - implies selection of goals based upon personal/subjective criteria
Term
Defense Mechanisms
Definition
people sometimes adopt these to protect their egos from feelings of failure when they do not attain their goals
Term
Behaviorist vs. Cognitive School
Definition
Behavior - considers motivation to be a mechanical process (a response to a stimulus)

Cognitive - believes all behavior is directed at goal achievement based upon past experiences
Term
Personality
Definition
inner psychological characteristics that both determine and reflect how a person responds to his/her environment
Term
Freud's Psychoanalytic theory of personality
Definition
unconscious needs or drives, especially sexual and other biological drives at the heart of human motivation and personality
Term
Consumer Innovativeness vs. Materialism vs. Ethnocentrism
Definition
innovative - how receptive a person is to new experiences

materialism - degree of consumer's attachment to worldly possesions

ethnocentrism - consumers likelihod to accept or reject foreign-made products
Term
Dogmatism
Definition
personality trait that measures the degree of rigidity individuals display toward unfamiliar
Term
Inner-Directedness vs. Other-Directedness
Definition
Inner - trusting on personal values

Other - trusting on guidance and values from other people's opinions
Term
Optimum Stimulation Levels
Definition
linked with greater willingness to take risks, try new products, or to be innovative
Term
Sensation Seeking
Definition
characterized by varied, novel, complex sensations and experience, willing to take physical and social risks for sake of such experience
Term
Need For Cognition
Definition
measures a persons craving or enjoyment for thinking
Term
Brand Personification
Definition
tries to recast consumers' perception of the attributes of a product or service into a human-like character
Term
Multiple Selves
Definition
thinking reflects the understanding a single consumer will act differently under different circumstances and with different people
Term
Extended Self
Definition
individuals tend to by products and services and patronize retailers whose images or personalities relate in some meaningful way to their own self-images
Term
Virtual Personality (Self)
Definition
provides an individual with opportunity to try on different personalities or different identities
Term
Stimulus
Definition
any unit of input to any of the senses
Term
Absolute Threshold
Definition
lowest level at which an individual can experience a sensation
Term
Sensory Adaptation
Definition
concern that consumers will get used to their current print ads and TV commercials and no longer "see" them
Term
Differential Threshold (Just Noticeable Difference)
Definition
minimal difference that can be detected between two similar stimuli is called this (Weber's Law)
Term
Subliminal Perception
Definition
perceiving stimuli without beign consciously aware that they are doing so (stimuli too weak or too brief to be consciously seen or heard)
Term
Expectations
Definition
people usually see what they expect to see, and what they expect is based on familiarity
Term
Gestalt Psychology
Definition
perceived characteristics of even the simplest stimulus are viewed as a function of the whole to which the stimulus appears to belong
Term
Figure-and-Ground Relationships
Definition
Gestalt principle of perceptual organization focusing on contrast (figure is clearly perceived while ground is the background)
Term
Perceptual Mapping
Definition
helps marketers determine how their products/services appear to consumers in relation to competitive brands on one or more characteristics
Term
Reference Prices
Definition
any price that a consumers uses as a basis for comparison in judging another price
Term
Acquisition vs. Transaction Utility
Definition
acqusition - consumer's perceived gain/loss associated with a purchase

Transaction - perceived pleasure or displeasure associated with financial aspect of purchase determined by difference between internal reference price and purchase price
Term
Cognitive Dissonance
Definition
discomfort that consumers experience as a result of conflicting information
Term
Narrow Categorizers
Definition
a.k.a. high risk perceivers; they limit their product choices to a few safe alternatives
Term
Broad Categorizers
Definition
low-risk perceivers that make their choices from a wide range of alternatives
Term
Acculturation
Definition
the learning of a new or foreign culture
Term
World Brand
Definition
products that are manufactured, packaged, positioned in exactly the same way regardless of country
Term
Global Strategy
Definition
standardizing both product and communications programs when conducting business on a global basis
Term
Local Strategy
Definition
customizing both product and communications program by geographical area
Term
Opinion Leadership
Definition
process by which one person informally influences actions/attitudes of others
Term
Opinion Seekers
Definition
individuals who actively seek information and advice about products
Term
Market Maven
Definition
customer influencer group that possess a wide range of information about many different types of products/retail outlets, and other market dimensions
Term
Diffusion vs. Adoption Process
Definition
diffusion - macro process concerned with spread of new product from its source to consuming public

adoption - micro process about stages through which individual consumer passes when deciding to accept/reject product
Term
Continuous vs. Dynamically Continuous vs. Discontinuous Innovation
Definition
Continuous - introduction of modified product rather than totally new product

Dynamic - involves creation of a new product or modification of existing product

Discontinuous - requires consumers to adopt new behavior patterns
Term
Adopter Categories
Definition
classification scheme indicating where a consumer stands in relation to other consumers in terms of time
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