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IMC Chapter 9
N/A
41
Marketing
Undergraduate 2
06/06/2010

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Term
behavioral influence perspective
Definition
the view that consumer decisions are learned responses to environment cues
Term
brand loyalty
Definition
repeat purchasing behavior that reflects a conscious decisions to continue buying the same brand
Term
compensatory decision rules
Definition
a set of rules that allows information information about attributes of competing products to be averaged in some way: poor standing on one attribute can potentially be offset by good standing on another
Term
consideration set
Definition
the products a consumer actually deliberates about choosing
Term
consumer hyperchoice
Definition
a condition where the large number of available options forces us to make repeated choices that drain psychological energy and diminish our ability to make smart decisions
Term
country of origin
Definition
original country where product was produced, can be important in decision-making process
Term
cybermediary
Definition
intermediary that helps to filter and organize online market information so that consumer can identify and evaluate alternative more efficiently
Term
determinant attributes
Definition
the attributes actually used to differentiate among choices
Term
electronic recommendation agent
Definition
a software tool that tried to understand a human decision maker's multiattribute preferences for a product category by asking the user to communicate his or her preferences. Based on that data, the software then recommends a list of alternatives sorted by the degree they fit with the person's preferences
Term
ethnocentrism
Definition
the belief in the superiority of one's own country's practices and products
Term
evaluative criteria
Definition
the criteria used by consumers to compare competing product alternatives
Term
experiential perspective
Definition
an approach stressing the Gestalt or totality of the product or service experience, focusing on consumers' affective responses in the marketplace
Term
extended problem solving
Definition
an elaborate decision-making process, often initiated by a motive that is fairly central to the self-concept and accompanied by perceived risk; the consumer tries to collect as much information as possible and carefully weighs product alternatives
Term
feature creep
Definition
trend toward an increasing number of options a product offers that make it more difficult for consumers to decide among competitors
Term
habitual decision making
Definition
choices made with little or no conscious effort
Term
heuristics
Definition
the mental rules of thumb that lead to a speedy decision
Term
inertia
Definition
the process whereby purchase decisions are made out of habit because the consumer lacks the motivation to consider alternatives
Term
information search
Definition
the process by which the consumer surveys his or her environment for appropriate data to make a reasonable decision
Term
intelligent agents
Definition
software programs that learn from past user behavior in order to recommend new purchases
Term
knowledge structure
Definition
organized system of concepts relating to brands, store and other concepts
Term
limited problem solving
Definition
a problem-solving process in which consumers are not motivated to search for information or to rigorously evaluate each alternative; instead they use simple decision making rules to arrive at a purchase decision
Term
low-literate consumer
Definition
people who read at a very low level; tend to avoid situations where they will have to reveal their inability to master basic consumption decisions such as ordering from a menu
Term
market beliefs
Definition
a consumer's specific beliefs or decision rules pertaining to marketplace phenomena
Term
mental accounting
Definition
principle that states that decisions are influenced by the way a problem is posed
Term
neuromarketing
Definition
a new technique that uses a brain scanning device called fMRI that tracks blood flow as people perform mental tasks...still trying to figure out how to best use it.
Term
noncompensantory decision rules
Definition
decision shortcuts a consumer makes when a product with a low standing one one attribute cannot make up for this position by being better on another attribute
Term
perceived risk
Definition
belief that a product has potentially negative consequences
Term
problem recognition
Definition
the process that occurs whenever the consumer sees a significant difference between his or her current state of affairs and some desired or ideal state; this recognitions initiates the decision-making process (NEED AND OPPORTUNITY RECOGNITION)
Term
product signal
Definition
communicates an underlying quality of a product through the use of aspects that are only visible in the ad
Term
prospect theory
Definition
a descriptive model of how people make choices
Term
purchase momentum
Definition
initial impulses to buy in order to satisfy our needs increase the likelihood that we will buy even more
Term
rational perspective
Definition
a view of the consumer as a careful, analytical decision maker who tries to maximize utility in purchase decisions
Term
search engines
Definition
software (such as google) that helps consumers access information based upon their specific requests
Term
silent commerce
Definition
new trend that enables transacations and information gatherirng to occur in the background without any direct intervention by consumers or managers
Term
variety seeking
Definition
the desire to choose new alternatives over more familiar ones
Term
Zipf's law
Definition
pattern that describes the tendency for the most robust effect to be far more powerful than others in its class; applies to consumer behavior in terms of buyers' overwhelming preferences for the market leader in a product category
Term
lexiocographic rule
Definition
selects brand that is best on most important attribute (noncompensatory decision rule)
Term
elimination-by-aspect rule
Definition
noncompensatory rule, eliminate product if it doesn't have a specific attribute (make cut-offs)
Term
conjunctive rule
Definition
noncompensantory rule, processing by brand, looks for brand that makes all the cutoffs for the different attributes; gets lost if this doesn't happen (noncompensatory)
Term
simple additive rule
Definition
compensatory rule, chooses product with largest number of positive attributes
Term
weighted additive rule
Definition
compensatory rule, take into account relative weight of positive attributes
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