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Marketing 201
Chapter 5
12
Marketing
Undergraduate 3
09/30/2013

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Term
consumer behavior
Definition
the actions a person takes in purchasing and using products and services
Term
Purchase decision process
Definition
1. problem recognition 2. infor search 3. alternative evaluation 4. purchase decisions 5. post-purchase behavior
Term
evaluation criteria
Definition
factors that represent both the objective attributes of a brand and the subjective
Term
consideration set
Definition
the group of brands that would be considered amongst all brands
Term
cognitive dissonance
Definition
the feeling of post-purchase psychological tension or anxiety
Term
situational influences
Definition
1. purchase task 2. social surroundings 3. physical surroundings 4. temporal effects 5. antecedent states
Term
perceived risk
Definition
represents the anxiety felt because the consumer cant anticipate the outcomes of a purchase
Term
opinion leaders
Definition
users of a particular product who can influence others
Term
reference groups
Definition
people to whom an individual looks as a basis for self-appraisal
Term
consumer socialization
Definition
process by which people acquire skills to function as consumers
Term
family life cycle
Definition
the district phases that a family progresses through from formation to retirement
Term
social class
Definition
the relatively permanent, homogenous divisions in a society into which people sharing similar values can be grouped
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