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Marketing Ch. 10
N/A
31
Marketing
Undergraduate 3
03/06/2013

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Cards

Term
Representativeness Heuristic
Definition
making a judgment by simply comparing a something with it's category prototype
Term
Availability Heuristic
Definition
basing judgments on events that are easier to recall
Term
Base-rate Information
Definition
how often an even really occurs on average
Term
Law of small numbers
Definition
the expectation that information obtained from a small number of people represents the larger population
Term
Traditional Hierarchy of Effects
Definition
sequential steps used in decision making involving thinking, then feeling, then behavior
Term
Low-effort Hierarchy of Effects
Definition
sequence of thinking-behaving-feeling
Term
Satisfice
Definition
finding a brand that satisfies a need even though the brand may not be the best brand
Term
Choice Tactics
Definition
simple rules of thumb used to make low-effort decisions
Term
Operant Conditioning
Definition
the view that behavior is a function of reinforcements and punishments received in the past
Term
Performance-related Tactics
Definition
tactics based on benefits, features, or evaluations of the brand
Term
Habit-Related
Definition
once we find convenient ways of doing things, we repeat them without thinking
Term
Brand Loyalty
Definition
strong preference for the same brand
Term
Price Related Tactics
Definition
buying the cheapest/on sale brand
Term
Zone of Acceptance
Definition
acceptable range of prices
Term
Deal-prone Consumers
Definition
consumers influenced by price
Term
Normative Influences
Definition
based on others' opinions
Term
Direct Influence
Definition
others manipulate us
Term
Vicarious Observation
Definition
observe others to guide our behavior
Term
Indirect Influence
Definition
concerned about others' opinions
Term
Affect
Definition
decisions based on low-level feelings
Term
Affect-related Tactics
Definition
tactics based on feelings
Term
Affect Referral
Definition
simply remember our feelings for the product or service
Term
Brand Familiarity
Definition
easy recognition of a well-known brand
Term
Co-branding
Definition
an arrangement by which the two brands from a partnership to benefit from the power of both
Term
Unity
Definition
when all the visual parts of a design fit together
Term
Prototypicality
Definition
when an object is representative of its category
Term
Variety Seeking
Definition
trying something different
Term
Optimal Stimulation Level (OSL)
Definition
the level of arousal that is most comfortable for an individual
Term
Sensation Seekers
Definition
those who actively look for variety
Term
Vicarious Exploration
Definition
seeking information simply for stimulation
Term
Impulse Purchase
Definition
unexpected purchase based on strong feeling
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