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Chapter 5
Exam 1
26
Marketing
Undergraduate 3
09/05/2008

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Cards

Term
Affect
Definition
The feeling component of attitudes, which refers to the general emotional response a person has for a product.
Term
Attitude
Definition
a learned predisposition to respond favorably or unfavorably to stimuli, based on the enduring evaluations of things (prior experiences,etc)
Term
Behavior
Definition
The doing component of attitudes involves a consumer's actions towards the product
Term
Brand Loyalty
Definition
A pattern of repeat consumer purchases from the same vendor, based on an overall attitude, or beliefs of the item's superiority
Term
Clickstream Analysis
Definition
A means of measuring a web site's success by tracking consumers movement around a company's web site.
Term
Cognition
Definition
The knowing component of attitudes, refers to beliefs or knowledge a person has about a product category or brand.
Term
Cognitive Dissonance
Definition
The anxiety or regret a consumer may have after they choose a product from the evoked set. Here the consumer stresses asking themselves, "did I make the best choice?" smart vendors follow-up with consumers to assure them that their purchase decision was wise.
Term
Consumer Behavior
Definition
The process involved when individuals or groups select, purchase, use and dispose of goods & services to satisfy their needs
Term
Consumer decision-making model
Definition
Depiction of how consumers make purchases. It has the following steps, need recognition, information search, product evaluation, purchase, and post-purchase activities.
Term
Culture
Definition
the values, beliefs, customs, and tastes valued by a group of people. Marketers study culture as it affects how consumers make decisions (at every step of the CDM)
Term
Evaluative Criteria
Definition
The dimensions used by consumers to compare competing product alternatives
Term
Evoked Set
Definition
the list of potential solutions (typically products) which a consumer considers when making their purchase decision (ex. out of all the cars available, you may choose amongst 3 or 5 different cars)
Term
Family life Cycle
Definition
The set of stages of life through which we progress (childhood, maturity, golden years)
Term
Heuristics
Definition
Mental short-cut rules that simplify consumer decisions, and help people make decisions quickly for ex. "higher price-higher quality"
Term
Information Search
Definition
The process whereby a consumer searches for appropriate information to make a reasonable decision.
Term
Involvement
Definition
Either temporary (situational) or long-lasting (enduring) interest that a consumer has for a brand or product category.
Term
Learning
Definition
A relatively permanent change in behavior caused by new information or experience. If you understand how consumers do this you can shape this process.
Term
Motivation
Definition
An internal state that drives us to satisfy needs by activating goal oriented behavior.
Term
Perceived Risk
Definition
The assessment of the potential danger the consumer would be exposed to if they purchase a product. Usually measured in terms of loss of money, time, ego/status, or privacy.
Term
Perception
Definition
The process by which people select, organize and interpret information from the outside world. You use your 5 (or 6?) senses to perceive stimuli (information signals - such as taste, texture, visuals...)
Term
Problem Recognition
Definition
The process that occurs whenever the consumer identifies a gap between their current and desired state. This starts up the consumer decision-making process.
Term
Reference Group
Definition
The people who you identify with and lean on when making decisions,such as family or close friends.
Term
Self Concept
Definition
How the consumer perceives themselves - which is composed of a mixture of beliefs, observations, and feelings.
Term
Status Symbol
Definition
A product or service which sends a message to others, perhaps that the consumer is affluent.
Term
Subliminal Advertising
Definition
Hidden messages in vendor messages that are not consciously received but they still affect consumer decisions- such as hidden shapes in pictures, or perhaps the use of music or noises in TV ads.
Term
TPB Theory of planned Behavior
Definition
The most famous model of hoe consumers form decisions whether to use a product. the model suggests that consumers base purchases on internal attitude, social influences and facilitating conditions ( have the $$ and time to purchase the product).
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