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Marketing Ch. 11
N/A
24
Marketing
Undergraduate 3
03/06/2013

Additional Marketing Flashcards

 


 

Cards

Term
Post-decision Dissonance
Definition
anxiety feeling over whether the correct decision was made
Term
Post-decision Regret
Definition
feeling that you should have purchased another option
Term
Hypothesis Testing
Definition
testing expectations through experience
Term
Hypothesis Generation
Definition
forming expectations about products
Term
Exposure to Evidence
Definition
actually experiencing the product
Term
Encoding to Evidence
Definition
processing information from experience
Term
Integration of Evidence
Definition
combining new info with previous knowledge
Term
Ambiguity of Information
Definition
not enough information to confirm or disprove hypothesis
Term
Top Dog
Definition
a market leader or brand that has a large market share
Term
Underdogs
Definition
lower-share brands
Term
Satisfaction
Definition
the feeling that results when consumers make a positive evaluation or feel happy with their decision
Term
Dessatisfaction
Definition
the feeling that results when consumers make a negative evaluation or are unhappy with a decision
Term
Disconfirmation
Definition
discrepancy between expectations and performance
Term
Expectations
Definition
beliefs about how a product/service will perform
Term
Performance
Definition
the measurement of whether the product/service actually fulfills consumers' needs
Term
Attribution Theory
Definition
a theory of how individuals find explanations for events
Term
Equity Theory
Definition
a theory that focuses on the fairness of exchanges between individuals, which helps in understanding consumer satisfaction and dissatisfaction
Term
Fairness in the Exchange
Definition
the perception that people's inputs are equal to their outputs in an exchange
Term
Post-decision feelings
Definition
positive or negative emotions experienced while using the products or services
Term
Affective Forecasting
Definition
when we try to predict how a product will make us feel
Term
Negative Word-of-mouth Communication
Definition
the act of consumers saying negative things about a product or service to other consumers
Term
Customer Retention
Definition
the practice of keeping customers by building long-term relationships
Term
Physical Detachment
Definition
physically disposing of an item
Term
Emotional Detachment
Definition
emotionally disposing of a possession
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