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MKT 303 Final
Final chapters 8-17
29
Marketing
Undergraduate 3
03/17/2010

Additional Marketing Flashcards

 


 

Cards

Term
Allegory
Definition
a story about an abstract trait or concept for which a person, animal, or vegetable stands
Term
Buzz
Definition
word of mouth that consumers think is authentic and truly customer generated
Term
Communications Model
Definition
specifies the elements they need to control in order to communicate with their customers
Term
Corporate paradox
Definition
the more involved a company appears to be in the dissemination of news about its products, the less credible it becomes
Term

ELM

Elaboration likelihood model

 

Definition
assumes that once a consumer recieves a message she beings to process it
Term
Hype
Definition
inauthentic
Term
Match-up hypothesis
Definition
the celebrity's image and that of the product he or she endorses should be similiar
Term
M-commerce
Definition
mobile commerce.. where marketers promote their goods and services via wireless devices
Term
Refutational arguments
Definition
first raise a negative issue and then dismiss it
Term
Resonance
Definition
a form of presentation that combines a play on words with a relevant picture
Term
Sleeper effect
Definition
when people "forget" about the negative source and winde up changing their attitudes anyway
Term
Source attractiveness
Definition

refers to the social value recipients attribute to a communicator

 

This value relates to the person's physical appearance, personality, social status, or similiarity to the receiver

Term
two-factor theory
Definition
explains the fine line between familiarity and boredom; it proposes that two separate psychological processes are operating when we repeatedly show an ad to a viewer
Term
the communications model identifies what several important componets for marketers?
Definition
those elements include a source, a message, a medium, a reciever, and feedback
Term
Describe the elements of the traditional communications model, and tell how the updated model differs
Definition
  • the elements are source, message, and medium
  • the updated model differs with the consumer actually seeking out the message

 

Term
What is source credibility, and what are two factores that influence whether we decide a source is credible?
Definition
  • source credibility refers to a communicator's expertise, objectivity, or trustworthiness
  • it should have sincerity and it is more persuasive when the consumer has not yet learned much about a product or formed an opinion of it
Term
when should a marketer present a message visually versus verbally?
Definition
when you really want the consumer to remember your product because it stays as a chunk of information in their memory
Term
Purchase momentum
Definition
occurs when consumers buy beyond needs satisfaction
Term
Behavioral influence perspective
Definition
consumers buy based on environmental cues, such as a sale
Term
Experiential perspective
Definition
consumers buy based on totality of product’s appeal
Term
Individual Decision Making
Definition

Problem Recgonition

Information Search

Evaluation of Alternatives

Product Choice

Outcomes

Term
Secondary demand
Definition
persuade consumers to use specific brand
Term
Mental accounting
Definition
framing a problem in terms of gains/losses influences our decisions
Term
Sunk-cost fallacy
Definition
We are reluctant to waste something we have paid for
Term
Prospect theory
Definition
 risk differs when consumer faces options involving gains versus those involving losses
Term
Heuristics
Definition
mental rules-of-thumb that lead to a speedy decision
Term
Covariation
Definition
perceived associations among events
Term
Zipf’s Law
Definition
our tendency to prefer a number one brand to the competition
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