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Marketing 360 Chapter 5
Consumer Behavior
30
Marketing
Undergraduate 1
02/09/2010

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Term
affect
Definition
the feeling component of attitudes, which refers to the general emotional response a person has for a product or a branded product
Term
attitude
Definition
a learned predisposition to respond favorably or unfavorably to stimuli, based on the enduring evaluations of things (prior experiences, etc.) Ex: brand loyalty is an example of a specific attitude.
Term
brand loyalty
Definition
a pattern of repeat consumer purchases from the same vendor, based on an overall attitude, or beliefs of the item's superiority
Term
clickstream analysis
Definition
A means of performing marketing research by tracking consumer movements into/out of and around a company's web site. No one is lurking to watch your mouse clicks however programs do see which web pages are landing pages, which pages are clicked off quickly, which pages are popular, general patterns of consumer navigating on a firm's web site.
Term
cognition
Definition
the knowing component of attitudes, refers to beliefs or knowledge a person has about a product category or brand
Term
cognitive dissonance
Definition
Term
consumer behavior
Definition
the process involved when individuals or groups select, purchase, use, and dispose of goods & services to satisfy their needs.
Term
Consumer decision-making model (CDM)
Definition
Depiction of how consumers make purchases. It has the following steps, problem recognition, information search, product evaluation, purchase, and post-purchase activities.
Term
consumer satisfaction or dissatisfaction
Definition
the overall feelings or attitude a person has about a product after they purchase and consume it. If there is a gap in expected and actual satisfaction then consumers are unhappy.
Term
culture
Definition
the values, beliefs, customs, and tastes valued by a group of people. Marketers study culture as it affects how consumers make decisions (at every step of the CDM) across many countries and migrations (ex: ABC's)
Term
Evaluate Alternative
Definition
The step in the consumer decision process after information search has been completed and the consideration set (those alternatives that will be considered for purchase) is decided. At this step, the consumer compares the different product/service choices using the evaluative criteria (like miles per gallon or safety) using the information gained in the information search step of the CDM.
Term
evaluative criteria
Definition
the dimensions used by consumers to compare competing product alternatives.
Term
evoked set
Definition
the list of potential solutions (typically products) which a consumer considers when making their purchase decision (ex: out of all the cars available, you may choose amongst 3 or 5 different cars).
Term
family life cycle
Definition
the set of stages of life through which we progress (ex: childhood, college years, maturity, golden years).
Term
heuristics
Definition
mental short-cut rules that simplify consumer decisions, and help people make decisions quickly, for example "higher price = higher quality"
Term
hierarchy of needs
Definition
An approach that categorizes motives according to five levels of importance, the more basic physical needs being on the bottom of the hierarchy and the higher cognitive, emotional and spiritual needs at the top.
Term
information search
Definition
the process whereby a consumer searches for appropriate information to make a reasonable decision. The search starts internally with a check of the information a consumer already has about the product category and purchase context (beliefs, prior experience, predispositions). The information search then switches to external sources (personal friends, family, magazines websites and even shopping in stores or online).
Term
involvement
Definition
either temporary (situational) or long-lasting (enduring) interest that a consumer has for a brand or product category.
Term
learning
Definition
A relatively permanent change in behavior caused by new information or experience. If you understand how consumers learn (where, when, how many exposures are needed, etc.) you can shape this process.
Term
lifestyle
Definition
the pattern of living that determines how people choose to spend their time, money, and energy and that reflects their values, tastes, and preferences.
Term
motivation
Definition
an internal state that drives us to satisfy needs by activating goal-oriented behavior
Term
perceived risk
Definition
The assessment of the potential danger the consumer would be exposed to if they purchase a product. Usually measured in terms of loss of money, time, ego/status, or privacy.
Term
perception
Definition
The process by which people select, organize, and interpret information from the outside world..You use your 5 (or 6?) senses to perceive stimuli (information signals - such as taste, texture, visuals, etc.)
Term
problem recognition
Definition
the process that occurs whenever the consumer identifies a gap between their current and desired state. This starts up the consumer decision-making process
Term
psychographics
Definition
the set of activities, interests, and opinions which are used to form groups, (ex: all tri-athletes, all hunters, all vegans)
Term
reference group
Definition
the people who you identify with an lean on when making decisions, such as family or close friends.
Term
self-concept
Definition
how the consumer perceives themself - which is composed of a mixture of beliefs, observations, and feelings.
Term
status symbol
Definition
a product or service which sends a message to others, perhaps that the consumer is affluent.
Term
subliminal advertising
Definition
hidden messages in vendor messages. these are messages that are not consciously received, but they still affect consumer decisions - such as hidden shapes in pictures, or perhaps the use of music or noises in TV ads. Subliminal ads are sneaky product placement is also sneaky.
Term
TPB - Theory of planned behavior
Definition
The most famous model of how consumers form decisions whether to use a product. The model suggests that consumers base purchases on internal attitude, social influences, and facilitating conditions (have the $$ and time to purchase the product).
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