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Vocab quiz 03
Marketing Vocab 03
45
Marketing
Undergraduate 3
09/13/2009

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Term
Ambiguity
Definition
Doubtfulness or uncertainty of meaning or intention
Term
Causal research
Definition
This type of research tests cause-an-effect relationships.
Term
Cognitive dissonance
Definition
Buyer discomfort caused by postpurchase thoughts like Did I do the right thing?
Term
Complex buying behavior
Definition
Describes the way buyers respond to products and/or services with significant differences between products and a high level of involvement.
Term
Consumer
Definition
The ultimate user of a product.
Term
Consumer product
Definition
A product bought by a final consumer for personal consumption.
Term
Convenience product
Definition
A consumer product the customer usually buys frequently and with a minimum of comparison and buying effort.
Term
Culture
Definition
The most basic learned human behavior including values, perceptions, wants, and items learned from family members and society.
Term
Demographics
Definition
Variables that allow a market or segment to be defined such as age, sex, income, education, etc.
Term
Descriptive research
Definition
This type of research ascertains magnitudes of an issue.
Term
Dichotomous question
Definition
A question with an answer where the respondent must make one of two choices.
Term
Dissonance-reducing behavior
Definition
Describes the way buyers respond to products with few differences and a high level of involvement.
Term
Esteem needs
Definition
The second highest level of human needs on Maslow's scale including self-esteem, recognition, and status.
Term
Exploratory research
Definition
This type of research suggests solutions or new ideas
Term
Focus group
Definition
A group questioned by a trained interviewer about a product, service, organization, or other key item of interest.
Term
Free response question
Definition
A question that allows the responded to answer with a word or a phrase.
Term
Habitual buying behavior
Definition
Describes the way buyers respond to products with few differences and a low level of involvement.
Term
Interval scale
Definition
A measurement scale where there are equal distances between items such as calendar days and temperature.
Term
Market research
Definition
The process of collecting, analyzing, and interpreting data about customers, competitors, the business environment, various business issues and scenarios.
Term
Maslows Hierarchy of Needs
Definition
A ranked model of human needs progressing from physiological through safety, social, esteem, and self-actualization.
Term
Nominal scale
Definition
A measurement scale for subjective data with a 1:1 correspondence like football and lottery numbers.
Term
Nonparametric statistics
Definition
Also referred to as distribution-free statistics, this field primarily uses small sample sizes and has specific tests for each scale of measurement.
Term
Open-end [unstructured] question
Definition
A question that allows the responded to answer in their own words [sometimes as long as paragraphs] and the results become very difficult to analyze.
Term
Ordinal scale
Definition
A measurement scale where no distance relation is known such as quality of lumber and military rank.
Term
Parametric statistics
Definition
Traditional statistics including the t-test and ANOVA with large sample sizes.
Term
Personal factors
Definition
These buying decision influences come from occupation, economic situation, lifestyle, personality, and self-concept.
Term
Primary data
Definition
Original information.
Term
Psychological factors
Definition
These buying decision influences come from motivation, perception, learning, beliefs, and attitudes.
Term
Psychological needs
Definition
The lowest level of human needs on Maslow's scale including hunger and thirst.
Term
Ranking, rating, or continuum questions
Definition
Questions where respondents are forced to answer on some mathematical scale for statistical analysis.
Term
Ratio scale
Definition
A continuous scale of measurement where there are definite relationships and a true zero point for items like measurement and loudness.
Term
Reliability
Definition
The extent to which the research techniques employed were free of error.
Term
Representative sample
Definition
A representative portion of the population based on the sampling method.
Term
Safety needs
Definition
The second lowest level of human needs on Maslow's scale including security and protection.
Term
Sampling
Definition
The method of selecting a small group which is representative of a larger population.
Term
Secondary data
Definition
Information collected from other sources that is not primary research.
Term
Self-actualization needs
Definition
The highest level of human needs on Maslow's scale including self-development and realization.
Term
Shopping product
Definition
A consumer product that the customer characteristically compares on such bases as suitability, quality, price, and style.
Term
Social factors
Definition
These are buying decision influences from small groups, family, social roles, and status.
Term
Social needs
Definition
The middle level of human needs on Maslow's scale including love and a sense of belonging.
Term
Specialty product
Definition
A consumer product with unique characteristics or brand identification for which a buyer is willing to make a special purchase effort.
Term
The Consumers Black Box
Definition
The process by which the consumer makes a buying decision.
Term
Unsought product
Definition
A consumer product that the consumer either does not know about or does not normally think of purchasing.
Term
Validity
Definition
A measurement of how accurately a question-response set measured what was intended.
Term
Variety-seeking behavior
Definition
Describes the way buyers respond to products with significant differences and a low level of involvement.
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