Shared Flashcard Set

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Consumer Behavior
n/a
34
Marketing
Undergraduate 3
11/30/2010

Additional Marketing Flashcards

 


 

Cards

Term
M- Commerce
Definition
Mobile commerce. When marketers promote their goods and services via wireless devices like cell phones, PDAs or Ipods
Term
Blogs: Moblogging, vlogging, podcasting, RSS, flogs, twittering
Definition
moblogging-posting messages while on the go
vlogging- video blogging
podcasting- creating your own radio show
RSS- really simple sindication, signing up to have things sent directly to comp
Flog- companies creating fake blogs for buzz
Twitter- status updates, moment by moment
Term
Source credibility
Definition
expertise, credibility, trustworthiness
Term
Sleeper effect
Definition
people forgetting about negative sources associated with a brand (Mr. Whipple for Charmin) and wind up changing their attitudes
Term
Corporate paradox
Definition
the more involved the company appears to be in the dissemination of news about its products, the less credible it becomes
Term
Buzz V Hype
Definition
Buzz=good, authentic, credible, consumer word of mouth

hype=bad, fake, corporate, advertising, overt
Term
Match-up hypothesis
Definition
celebrity endorses work when celebrity has a clear and popular image and the image of the celebrity and the company match up
Term
refutation argument
Definition
raise a negative argument and then dismiss it ex: VW beetle
Term
fear appeals
Definition
use only a moderate threat or consumers will tune it out
Term
resonance
Definition
combining a play on words with a relevant picture
Term
Metaphor V simile
Definition
simile compares 2 objects, metaphor explains relationship between 2 objects
Term
allegory
Definition
story about an abstract trait or concept for which a person, animal, or vegetable stands
Term
ELM
Definition
high involvement=behavior change-central route
low involvement= attitude change-peripheral route
Term
3 crucial variables for ELM
Definition
involvement, argument strength, source characteristics
Term
consumer hyperchoice
Definition
consumers having too many options- forces us to make repeated choices
Term
purchase momentum
Definition
impulse purchase "rev up" consumer to buy more rather than satisfy need to buy
Term
cognitive processing styles
Definition
rational- logical, analytical
experiential- holistic
Term
Extended V limited problem solving
Definition
high risk v low risk
much info search, little info search
alt view as similar, significant difference for alt
Term
hyperopia
Definition
being so obsessed with planning the future that you can't enjoy the present
Term
loss aversion
Definition
tendency for emphasis to be on loss rather than gain
Term
evoked set
Definition
alternatives a consumer knows about
Term
consideration set
Definition
which brands a buyer would actually consider
Term
long tail
Definition
you can sell a few of a million different things rather than a million of only a few things. (Barnes and noble V amazon)
Term
heuristics
Definition
mental rule of thumb to make speedy decisions
Term
zapfs law
Definition
tendency to prefer the number one brand
Term
inertia
Definition
buying a brand out of habit because it requires less effort
Term
non-compensatory decision rules
Definition
eliminating all options that do not meet some basic standard
Term
time poverty
Definition
feeling pressed for time
Term
queuing theory
Definition
mathematical study of waiting lines
Term
minipreneurs
Definition
one person businesses
Term
unplanned v impulse
Definition
unplanned happens when you are unfamiliar or pressed for time, impulse is when you feel like you just cant go without something, like candy or other ad ons by the register
Term
POP stimuli
Definition
things that are by the register to increase final sale
Term
gemba
Definition
one true source of information
Term
lateral cycling
Definition
people exchanging what they dont use for what other ppl dont use any more. recycling
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