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Purchasing/Buying Behavior Exam 1
Chapters 2-4
66
Business
Undergraduate 4
02/14/2011

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Term
affect
Definition
refers to their feelings about stimuli and events, such as whether they like or dislike a product
Term
Cognition
Definition
refers to their thinking, such as their beliefs about a particular product
Term
behavior
Definition
refers to the physical actions of consumers that can be directly observed and measured by others. overt in nature
Term
environment
Definition
refers to everything external to consumers that influences what they think, feel, and do
Term
reciprocal system
Definition
any of the elements (affect, cognition, behavior, environment) can be either a cause or an effect of a change at any particular time
Term
marketing strategy
Definition
a set of stimuli placed in consumers' environments designed to influence their affect, cognition, and behavior. primary goal is effective product positioning/enhancing customer satisfaction. in studying this, the marketer is most interested in identifying those consumer variables that impact the success of a marketing strategy
Term
information-processing models
Definition
identify a sequence of cognitive processes in which each process transforms or modifies information and passes it on to the next process, where additional operations take place
Term
interpretation processes
Definition
require exposure to information and involve two related cognitive processes: attention and comprehension. Make sense of or determine the meaning of the environment and one’s own behaviors and internal affective states
Term
attention
Definition
governs how consumers select which information to interpret and which information to ignore
Term
comprehension
Definition
refers to how consumers determine the subjective meanings of information and thus create personal knowledge and beliefs
Term
knowledge, meanings, and beliefs
Definition
consumers' subjective understanding of information produced by interpretation processes
Term
integration processes
Definition
concern how consumers combine different types of knowledge (1) to form overall evaluations of products, other objects, and behaviors and (2) to choose among alternative behaviors, such as a purchase. Combining knowledge to for attitude and decision judgments
Term
unconscious
Definition
important characteristic of our cognitive system: much of our thinking occurs below the level of conscious awareness
Term
activation
Definition
refers to how product knowledge is retrieved from memory for use in interpreting and integrating information
Term
product knowledge and involvement
Definition
concern the various types of knowledge, meanings, and beliefs about products that are stored in consumers' memories
Term
spreading activation
Definition
activation of one meaning concept may trigger related concepts and activate those meanings as well. occurs unconsciously and automatically.
Term
limited capacity
Definition
people can consciously consider only a small amount of knowledge at one time
Term
automatic processing
Definition
when cognitive processes have become habitual and require less capacity and conscious control, i.e. grocery shopping
Term
general knowledge
Definition
concerns people's interpretations of relevant information in their environments, i.e. knowledge about product categories, particular behaviors, other people, and even themselves
Term
procedural knowledge
Definition
if-then link between a concept or an event and an appropriate behavior, i.e. if you are dissatisfied with the service, do not leave a tip.
Term
associative networks
Definition
organize and link many types of knowledge together
Term
schemas
Definition
contain mostly episodic and semantic general knowledge
Term
scripts
Definition
organized networks of procedural knowledge
Term
cognitive learning
Definition
occurs when people interpret information in the environment and create new knowledge or meaning. accretion, tuning, restructuring
Term
accretion
Definition
what most cognitive learning probably occurs by, as consumers interpret information about products and services, they add new knowledge, meanings, and beliefs to their existing knowledge structures. Least complex/most frequent cognitive learning aspect
Term
tuning
Definition
when parts of a knowledge structure are combined and given a new overall meaning
Term
restructuring
Definition
involves the revision of the entire associative network of knowledge, which might include creation of entirely new meaning structures and/or reorganization of an old knowledge structure. least frequent/most complex cognitive learning aspect
Term
levels of product knowledge
Definition
used to interpret new information and make purchase choices. They are product class, form, brand, and model/features
Term
attributes
Definition
physical characteristics of products. concrete attributes represent tangible/physical characteristics. abstract attributes represent more subjective/intangible characteristics (such as quality or comfort)
Term
functional consequences
Definition
tangible outcomes of using a product that consumers experience rather directly, i.e. eating satisfies hunger
Term
psychosocial consequences
Definition
refers to the psychological and social outcomes of product use. internal, personal outcomes, such as how the product makes you feel
Term
benefits
Definition
desirable consequences consumers seek when buying and using products and brands
Term
perceived risk
Definition
concerns the undesirable consequences that consumers want to avoid when they buy and use products.
Term
values
Definition
people's broad life goals, i.e. i want to be successful. often involve the emotional affect associated with such goals and needs
Term
means-end chain
Definition
links consumers' knowledge about product attributes with their knowledge about consequences and values. Has four levels: attributes, functional consequences, psychosocial consequences, values
Term
involvement
Definition
refers to the consumers' perceptions of importance or personal relevance for an object, event, or activity. a motivational state that energizes and directs consumers' cognitive and affective processes and behaviors as they make decisions
Term
intrinsic self-relevance
Definition
based on consumers' means-end knowledge stored in memory, acquired through their past experiences with a product. most lasting form of involvement
Term
situational self-relevance
Definition
determined by aspects of the immediate physical and social environment that activate important consequences and value, thus making products and brands seem self-relevant, i.e. 50% off sign
Term
routinized choice behavior
Definition
what strong brand loyalty is most closely associated with
Term
salient beliefs
Definition
what activated beliefs are described as
Term
time
Definition
the major factor that reduces the predictive accuracy of behavioral intentions
Term
belief strength
Definition
the perceived probability of association between an object and its relevant attributes
Term
affect/cognition
Definition
these systems are highly interdependent. affect is largely influenced by the cognitive system
Term
decision-making processes
Definition
activated in impulse purchases, the purchase of fad items, high-involvement purchases, and voluntary purchases
Term
product brand
Definition
marketers are particularly interested in consumers' knowledge about this.
Term
levels of affective responses
Definition
emotions, specific, moods, evaluations
Term
emotions
Definition
a level of affective response, high arousal, joy or love
Term
specific
Definition
level of affective response, fear or warmth or sadness
Term
moods
Definition
level of affective responses, like or favorable
Term
evaluations
Definition
lower arousal, weaker, dislike or unfavorable
Term
satisfied customers
Definition
remain loyal longer, spread favorable word-of-mouth, reduce transaction costs, tend to be less price sensitive
Term
bundles of attributes
Definition
the marketer's focus upon the physical characteristics of their products often causes them to assume that consumers view products/brands as this
Term
Wheel of Consumer Analysis
Definition
four factors: consumer affect/cognition, consumer behavior, consumer environment, marketing strategy. all interact and influence one another
Term
4 C's of marketing mix
Definition
customer solution, customer cost, communication, and convenience
Term
product model
Definition
a specific example of a brand that has one or more unique product features or attributes
Term
product form
Definition
broader category that includes several brands that are similar in some important way. basis for this category is a physical characteristic that brands share
Term
product class
Definition
broadest and most inclusive level of product knowledge and may include several product forms
Term
accretion process
Definition
levels of knowledge are formed when people acquire separate meaning concepts
Term
laddering
Definition
helps managers understand what product attributes mean to the consumer
Term
conditions for an exchange
Definition
there are at least two parties, each party has something that might be of value to the other party, each party is capable of communication and delivery, each party is free to accept or reject the offer, each party believes it is appropriate or desirable to deal with the other party
Term
four P's of marketing
Definition
product, price, place, promotion
Term
affective system
Definition
usually responds immediately and automatically to significant aspects of the environment. largely reactive, little direct control, felt physically, responds virtually to any type of stimulus, learned
Term
Types of perceived risk
Definition
functional, physical, financial, social, psychological
Term
value satisfaction
Definition
type of product knowledge, cognitive representations of important broad life goals that consumers are trying to achieve
Term
types of product knowledge
Definition
value satisfaction, bundle of benefits, bundle of attributes
Term
bundle of benefits
Definition
consequences or outcomes when purchasing and using products and services
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