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Consumer Behavior
consumer behavior midterm
92
Business
Undergraduate 3
02/24/2007

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Term
consumer behavior
Definition
the behavior that consumers display in searching for, purchasing, using, evaluating, and disposing of products, services, and ideas
Term
consumer decision making
Definition
the process of making purchase decisions based on cognitive and emotional influences such as impulse, family, friends, advertisers, role models, moods, and situations that influence a purchase.
Term
consumer research
Definition
methodology used in study and interpret consumer behavior
Term
customer expectation
Definition
what customers expect based on past experiences
Term
customer satisfaction
Definition
an individual's perception of the performance of the product or service in relation to his or her expectations
Term
customer retention
Definition
providing value to customers continuously so they will stay with the company rather than switch to a competitor
Term
customer value
Definition
the ratio between the customer's perceived benefits and the resources used to obtain those benefits
Term
digital technologies
Definition
ability to allow much greater customization of products, services, and promotional messages through technological mediums
Term
marketing concept
Definition
a consumer-oriented philosophy that suggests that satisfaction of consumer needs provides the focus for product development and marketing strategy to enable the firm to meet its own organizational goals
Term
marketing ethics
Definition
designing, packaging, pricing, advertising, and distributing products in such a way that negative consequences to consumers, employees, and society in general are avoided
Term
marketing mix
Definition
the unique configuration of the four basic marketing variables (product, promotion, price, and channels of distribution) that a marketing organization controls
Term
marketing myopia
Definition
a focus on the product rather than on the consumer needs it presumes to satisfy
Term
market segmentation
Definition
the process of dividing a market into subsets of consumers with common needs or characteristics
Term
market targeting
Definition
the selection of one of more of the segments identified for the company to pursue
Term
narrowcasting vs. broadcasting
Definition
narrowcasting: a method that enables them to develop and deliever more customized messages to increasingly smaller markets on an ongoing basis. broadcasting: developing and delieving a message to the majority of individuals
Term
positioning
Definition
establishing a specific image for a brand in relation to competing brands
Term
production concept vs. the product concept
Definition
the production concept assumes that consumers are mostly interested in product availability at low prices. a product concept assumes taht consumers will buy the proudct taht offers them the highest quality, the best performance, and the most features
Term
selling concept
Definition
selling the product(s) that it has unilaterally decided to produce
Term
social responsibility
Definition
incorporating specific social goals into their mission statements nad including programs in support of these goals as integral components of theri strategic planning
Term
societal marketing concept
Definition
a revision of the traditional marketing concept that suggests that marketers adhere to principles of social responsibility in the marketing of their goods and services; that is, they must endeavor to satisfy the needs and wants of their target markets in a way that preserve and enhance the well-being of consumers and society as a whole
Term
targeting
Definition
the selection of a distinct market segment at which to direct a marketing strategy
Term
attitude scales
Definition
reserach measurement instrument used to capture evaluative data
Term
complaint analysis
Definition
system in which complaints are analyzed and should encourage customers to complain abotu an unsatisfactory product or provide suggestions for improcement by completing forms asking specific questions beyond the routine, and establish "listening posts" such as hotlines
Term
consumer panel
Definition
consumers paid for recording their purchases or media viewing habits in diaries which were summarized and analyzed by the data providers
Term
controlled experiement
Definition
a type of experiment that ensures that any difference in the outcome is due to different treatments of the variable under study and not to extraneous factors
Term
customer lifetime value profiles
Definition
profiles based on the collection and analysis of internal secondary data
Term
customer satisfaction measurement
Definition
quantitative and qualitative measures that gauge the level of cusomter satisfaction and its determinants
Term
depth interview
Definition
a lengthy and relativeliy unstructured interview designed to uncover a consumer's underlying attitudes and/or motivations
Term
experimentation
Definition
identifying cause and effect by testing relative sales appeal of different variables, such as package design, prices, promotional offers or copy themes
Term
exploratory study
Definition
a small scale study that idnetifies critical issues to include in a large-scale reserach study
Term
focus group
Definition
a qualitative research method in which about eight to ten persons participate in an unstructured group interview focused on a product or service concept
Term
interpretivism
Definition
research focused on understanding consumer experiences
Term
mail surveys
Definition
survey conducted by sending questionnaires directly to individuals at their homes
Term
mechanical observation
Definition
using a mechanical or electronic device to records customer behavior or response to a particular marketing stimulus
Term
motivational research
Definition
qualitative reserach designed to uncover consumers' subconscious or hidden motications. the basic premise of motivational research is that consumers are not always aware or, or may not wish to reveal, the basic reasons underlying their actions
Term
mystery shoppers
Definition
professional observers who pose as custeomrs in order to interact with and provide unbiased evaluations of the company's service personnel in order to identify opportunities for improving productivity and efficiency
Term
nonprobability sample
Definition
findings are representative of the population
Term
observational research
Definition
a form of consumer research that relies on observation of consumers int he process of buying and using products
Term
online surveys
Definition
surveys conducted on the internet
Term
personal interview survey
Definition
surveys that take place in the home or in a retail shopping area.
Term
physiological observation
Definition
devices taht monitor respondents' patterns of information processing
Term
positivism
Definition
a consumer behavior research approach that regards the consumer behavior discipline as an applied marketing science. its main focus is on consumer decision making
Term
primary data
Definition
original data performed by individual researchers or organizations to meet specific objectives
Term
probability sample
Definition
findings are projectable to the total population
Term
projective techniques
Definition
techniques designed to tap the underlying motives of individuals despite their unconscious rationalizations or efforts at conscious concealment
Term
qualitative research
Definition
research methods that are primarily used to obtain new ideas for promotional campaigns and products, such as focus groups, interviews, etc
Term
quantitative research
Definition
research methods that enable researchers to understand the effets of various promotional imputs on the consumer, thus enabling markets to predict consumer behavior
Term
reliability
Definition
the degree to which a measurement instrument is consistent in what it measures.
Term
research objectives
Definition
defining the objectives of a study
Term
secondary data (internal and external)
Definition
data that has been collected for reasons other than the specific research project at hand. internal data consists of information as data generated in-house for earlier studies. external data consists of any data collected by an outside organization.
Term
test marketing
Definition
testing elements of a product prior to its launch. elements such as package, price, and promotion are manipulated in a controlled setting in order to predict sales or gauge the possible responses to the product.
Term
validity
Definition
collecting the appropriate data to answer the questions or objective stated in the first stage of the research process
Term
AIOs (activities, interests, opinions)
Definition
psychographic variables that focus on activities, interests, and opinions. also referred to as lifestyle
Term
benefit segmentation
Definition
segmentation based on the kinds of benefits consumers seek in a product
Term
concentrated marketing
Definition
targeting a prodcut or service to a single market segment with a unique marketing mix (price, product, promotion, method of distribution)
Term
countersegmentation
Definition
strategy in which a company combines two or more segments into a single segment to be targeted with an individually tailored product or promotional campaign
Term
demographic characteristics
Definition
objective characteristics of a population (such as age, sex, marital status, income, occupation, and education) which are often used as the basis for segmenting markets
Term
demographic segmentation
Definition
the division of a total market into smaller subgroups on the basis of such objective characteristics as age, sex, marital status, income, occupation, and education
Term
differentiated marketing
Definition
targeting a product or service to two or more segments, using a specifically tailored product, promotional appeal, price, and/or method of distribution for each
Term
geographic segmentation
Definition
the division of a total potential market into smaller subgroups on the basis of geographic variables (i.e. region, state, city, or zip code)
Term
hybrid segmentation
Definition
the use of several segmentation variables to more accurately define or "fine-tune" consumer segments
Term
mass marketing
Definition
offering the same product and marketing mix to all consumers
Term
market segmentation
Definition
the process of dividing a potential marketing into distinct subsets of consumers nad selecting one or more segments as a target market to be reached with a distinct marketing mix
Term
micromarketing
Definition
highly regionalized marketing strategies that use advertising and promotional campaigns specificallly geared to local market needs and conditions
Term
positioning
Definition
establishing a specific image for a brand in relation to competing brands
Term
psychographic inventory
Definition
a series of written statements designed to capture relevant aspects of a consumer's personality, buying motices, interests, attitudes, beliefs, and values
Term
psychographic segmentation
Definition
identifying segments of consumers based on their responses to statements about their activities, interests, and opinions
Term
psychological segmentation
Definition
a division of a total potential market into smaller subgroups on the basis of intrinsic characteristics of the individual, such as personality, buying motives, lifestyle, attitudes, or interests
Term
repositioning
Definition
changing the way a product is perceived by consumers in relation to other brands or product uses
Term
sociocultural variables
Definition
sociological and anthropological variables that provide further bases for marketing segmentation
Term
use-related segmentation
Definition
popular and effective form of segmentation that categorized consumers in terms of product, service, or brand-usage characteristics, such as usage rate, awareness status, and degree of brand loyalty
Term
usage situation
Definition
situations and occasions that can determine what consumers will purchase or consume
Term
VALs
Definition
(values and lifestyle system) a research servivce that tracks marketing-relevent shifts in the beliefs, values, and lifestyles of psychological segments of the American population
Term
aquired needs
Definition
needs that are learned in response to one's culture or environment (such as the need for esteem, prestige, affection, or power.) also known as psychogenic or secondary needs
Term
approach object
Definition
a positive goal toward which behavior is directed
Term
avoidance object
Definition
a negative goal from which behavior is directed away
Term
defense mechanisms
Definition
methods by which people mentally redefine frustrating situations to protect their self-images and their self-esteem
Term
emotional motives
Definition
the selection of goals according to personal or subjective criteria
Term
generic goals
Definition
the general classes or categroies of goals that individuals select to fulfill their needs
Term
innate needs
Definition
psychological needs for food, water, air, clothing, shelter, and sex
Term
levels of aspiration
Definition
new and higher goals that individuals set for themselves
Term
maslow's hierarchy of needs
Definition
a theory of motivation that postulates that individuals strive to satisfy their needs according to a basic hierarchical structure, starting with physiological needs, then moving to safety needs, social needs, egotistic needs, and finally self-actualization needs
Term
motivation
Definition
the driving force within individuals that impels them to action
Term
motivational research
Definition
qualitatice research designed to uncover consumers' subconscious or hidden motivations. the basic premise of motivational research is that consumers are not always aware of, or may not wish to reveal, the basic reasons underlying their actions
Term
motivational research techniques
Definition
techniques used to measure and evaluate motivational research, such as metaphor analysis, storytelling, word association and sentence completion, thematic apperception test, drawing pictures and photo sorts.
Term
positioning
Definition
establishing a specific image for a brand in relation to competing brands
Term
positive vs. negative motivation
Definition
positive motivation is the driving force toward some object or condition. negative motivation is a driving forve away from some object or condition
Term
primary needs
Definition
biogenic needs that are essential to sustain biological life, such as food, water, air, clothing, shelter, and sex
Term
product-specific goals
Definition
the specifically branded of labeled products taht consumers select to fulfill their needs
Term
rational motives
Definition
motives or goals based on economic or objective criteria, such as price, size, weight, or miles-per-gallon
Term
secondary needs
Definition
acquired needs that are generally psychological, resulting from the individual's subjective psychological state, and relationships from others. these needs include self-esteem, prestige, affection, power, and learning
Term
substitute goal
Definition
the goal that replaces and individual's primary goal when that goal cannot be achieved
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