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Chapter 5 - Consumer Awareness
Chapter 5 - Consumer Awareness
25
Business
12th Grade
10/25/2012

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Cards

Term
90 Days Same as Cash
Definition
Financing as a marketing tool.
Term
Branding
Definition
Advertising aimed at creating customer awareness of a product.
Term
Buyer's Remorse
Definition
Doubting a purchase.
Term
Caveat Emptor
Definition
Buyer beware!
Term
Color
Definition
Used in real estate to catch the consumer's eye.
Term
Financing
Definition
Borrowing money and paying over time.
Term
Finite
Definition
A fixed or set amount.
Term
Impulse Purchase
Definition
Buying an item without thinking or planning for it first.
Term
Opportunity Cost
Definition
The true cost of something in terms of what you give up.
Term
Shelf Positioning
Definition
Finding the right place in the store for a product.
Term
Significant Purchase
Definition
Causes some pain when purchased with cash; usually purchases of $300 or more.
Term
Personal Selling
Definition
Marketing by a salesperson to an individual or a small group of customers.
Term
Financing as a Marketing Tool
Definition
Using financing options to market products to customers.
Term
Media
Definition
Promoting products using any and all forms of media.
Term
Product Positioning
Definition
Advertisers present their products in the best possible light to a target audience.
Term
Bandwagon
Definition
Persuading people to do something by telling them that others are doing it, too; "Don't be left out."
Term
Testimonial
Definition
Famous people say they use a product or persuade you to use a product.
Term
Transfer/Fantasy
Definition
By using the names or pictures of famous people, but not their direct quotations, the ad is trying to convey that the product will help the consumer imitate the famous person in the ad.
Term
Repetition
Definition
The product name is repeated at least four times.
Term
Emotion
Definition
Words are used in the ad to evoke strong feelings about someone or something.
Term
Nostalgia
Definition
Creates a sentimental tone while pointing back to "the good ole days."
Term
Statistics
Definition
Facts and statistics are shown.
Term
Humor
Definition
Makes people laugh so they have a positive association with the product.
Term
Sense Appeal
Definition
Sounds or pictures that are pleasing to the eye.
Term
Slogans
Definition
Repeating the advertiser's message makes the consumer remember the product.
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