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CH:5
consumer behavior
46
Marketing
Undergraduate 4
10/10/2012

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Cards

Term
affective component
Definition
component of attitude
reflects what a person feels about the issue at hand- like or dislike something
Term
attitude
Definition
persons eval of their feelings about behavioral tendencies towards something
3 COMPONENTS: cog, affective, and behavorial
Term
behavioral component
Definition
actions a person takes with regard to the issue at hand
Term
cognitive component
Definition
reflects what a person believes to be true
Term
compensatory decision rule
Definition
at work when the consumer is evaling alts and trade off one characteristics vs another, such that good comp for the bad ones
Term
consumer decision rule
Definition
the set of crit that consumers use consciously or subconsciously to quickly and efficiently select from among several alts
Term
conversion rate
Definition
percentage of consumers who buy a prod after viewing it
Term
culture
Definition
set of values, beliefs, understandings, and way of doing things shared by members of a society, 2 levels
visible and underlying
Term
decision heuristics
Definition
mental shortcuts that help consumers narrow down choices , like price, brand, and prod presentation
Term
determinant attributes
Definition
prod or serv features that are important to the buyer and on which competing brands or stores are perceived to differ
Term
esteem needs
Definition
needs that enable ppl to fulfill inner desires
Term
eval criteria
Definition
consist of salient or important things about a prod
Term
evoke set
Definition
the set of alt brands or stores that the consumer states he or she would consider when making a purchase decision
Term
extended problem solving
Definition
purchase decision process, custy gives a lot of time to determine alts, often occurs when the custy thinks the purchase entails a lot of risk
Term
external locus of control
Definition
consumers think that fate or other external factors control all outcomes
Term
external search info
Definition
when consumer seeks outside info outside of personal knowledge to help make buying decision
Term
financial risk
Definition
initial cost of purchase, as well as cost of using item or serv
Term
functional needs
Definition
how the prod works
Term
habitual buying decision
Definition
custy has little conscious effort in buying decision
Term
impulse buying
Definition
on the spot decision
Term
internal locus of control
Definition
custy has some control over the outcome of their actions, in which case they generally engage in more search activities
Term
internal search for info
Definition
memory based, gathered thru past experiences
Term
involvement
Definition
custy interest in prod or serv
Term
learning
Definition
change in a persons thought process or behavior that arises from experience and takes place thru out the consumer decision process
Term
lifestyle
Definition
part of psychographics, how a person lives their life to attain goals
Term
limited prob solving
Definition
calls for a moderate amt of effort or time
Term
love needs
Definition
needs expressed thru interactions with others
Term
motive
Definition
need or want that is strong enough to cause the person to seek satisfaction
Term
multi-attribute model
Definition
based on notion that custys see a prod as a collection of attributes or characteristics.
Term
need recognition
Definition
beginning of consumer decision process, occurs when consumers recognize they have an unmet need, and want to go from their actual needy state to a different desired state
Term
noncompensatory
Definition
when consumer chooses a prod or serv on the basis of a subset of characteristics, regardless of the values of its others attributes
Term
perception
Definition
process where ppl select, org, and interpret info to form a meaningful pic of the world
Term
performance risk
Definition
involves the dangers in a poorly performing prod or serv
Term
physio need
Definition
bio needs, food drink rest shelter
Term
physio risk
Definition
fear of harm from a product not performing properly
Term
post purchase cog dissonance
Definition
inconsistency btw beliefs and behaviors that in turn evokes a motivation to reduce the dissonance, BUYERS REMORSE
Term
psycho need
Definition
personal grat consumer feels about prod or serv
Term
psycho risk
Definition
the way ppl will feel if the prod or serv doesnt convey the right image
Term
reference group
Definition
one or more persons whom an indy uses as a basis for comparison regarding beliefs feelings and behavs
Term
retrieval sets
Definition
brand and stores that consumers can think of readily
Term
safety needs
Definition
protection and physical well being
Term
safety risk
Definition
same as psycho risk
Term
self actualization
Definition
when a person is completely satisfied with their life
Term
situational factors
Definition
affect consumer buying decision
Term
social risk
Definition
what others might think about their purchase
Term
universal sets
Definition
all possible choices for a prod category
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