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Exam 2
Handlin chap 3 and 4
39
Marketing
Undergraduate 2
10/01/2013

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Cards

Term
enviormental scanning
Definition
the process of acquiring information on events outside the organization to identify and interpret potential trends
Term
social forces
Definition
the demographic characteristics and the culture of the population
Term
demographics
Definition
description of a population according to characteristics such as age, gender, ethnicity, income, and occupation
Term
baby boomers
Definition
the generation of children born between 1946 and 1964
Term
generation x
Definition
members of the US population born between 1965 and 1976
Term
generation y
Definition
the 72 million americans born between 1977 and 1994
Term
multicultural marketing
Definition
marketing programs that reflect unique aspects of different races
Term
culture
Definition
the set of values, ideas, and attitudes that is learned and shared among the members of a group
Term
economy
Definition
pertains to the income and resources that affect the cost of running a business or household
Term
technology
Definition
inventions from applied science or engineering research
Term
marketspace
Definition
an information and communication based electronic exchange enviornment occupied by digitized offerings
Term
competition
Definition
alternative firms that could provide a product to satisfy a specific markets needs
Term
regulation
Definition
restrictions that state and federal laws place on business
Term
consumerism
Definition
a movement started to increase the influence, power, and rights of consumers in dealing with institutions
Term
self regulation
Definition
an alternative to government control, whereby an industry attempts to police itself
Term
ethics
Definition
the moral principles and values that govern the actions and decisions of an individual or a group
Term
consumer bill of rights
Definition
codified the ethics of exchange between buyers and sellers, including rights to safety, to be informed, to choose and to be heard
Term
code of ethics
Definition
a formal statement of ethical principles and rules of conduct
Term
moral idealism
Definition
a personal moral philosophy that considers certain individual rights or duties as universal, regardless of the outcome
Term
utilitarianism
Definition
a personal moral philosophy that focuses on the "greatest good for the greatest number"
Term
social responsibility
Definition
the idea that organizations are part of a larger society and are accountable to that society for their actions
Term
green marketing
Definition
marketing efforts to produce, promote, and reclaim enviornmentally sensitive products
Term
cause marketing
Definition
tying the charitable contributions of a firm directly to sales produced through the promotion of one of its products
Term
purchase decision process
Definition
the stages a buyer passes through in making choices about which products or services to buy
Term
consumer behavior
Definition
the actions a person takes in purchasing and using products and services
Term
involvement
Definition
the personal, social, and economic significance of a purchase to the consumer
Term
motivation
Definition
the energizing force that stimulates behavior to satisfy a need
Term
personality
Definition
a persons consistent behaviors or responces to recurring situations
Term
perception
Definition
the process by which a person selects, organizes, and interprets information to create a meaningful picture of the world
Term
perceived risk
Definition
the anxiety felt when a consumer cannot anticipate possible negative outcomes of a purchase
Term
learning
Definition
behaviors that result from repeated expierience and reasoning
Term
brand loyalty
Definition
a favorable attitude toward and consistent purchase of a single brand over time
Term
attitude
Definition
a tendency to respond to something in a consitently favorable or unfavorable way
Term
beliefs
Definition
a consumers perception of how a product or brand performs
Term
opinion leaders
Definition
individuals who have social influence over others
Term
word of mouth
Definition
people influencing each other in personal conversations
Term
reference groups
Definition
people to whom an individual looks as a basis for self-appraisal or as a source of personal standards
Term
family life cycle
Definition
a familys progression from formation to retirement, each phase bringing with it distinct purchasing behaviors
Term
subcultures
Definition
subgroups within the larger, or national, culture with unique values, ideas, and attitudes
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