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Marketing
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11/24/2018

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Term
Consumer behavior
Definition
The totality of consumers' decisions with respect to acquisition, consumption and disposition
Term
Offering
Definition
A product, service, activity, experience or idea offered by a marketing organization to consumers
Term
Acquisition
Definition
The process by which a consumer comes to own an offering
Term
Usage
Definition
The process by which a consumer uses an offering
Term
Disposition
Definition
The process by which a consumer discards an offering
Term
Culture
Definition
The typical or expected behaviors, norms and ideas that characterize a group of people
Term
Reference group
Definition
A group of people consumers compare themselves with for information regarding behavior, attitudes or values
Term
Symbols
Definition
External signs that consumers use to express their identity
Term
Marketing
Definition
The activity, set of institutions and processess for creating, delivering and exchanging offerings with value for individuals, groups and society
Term
Motivation
Definition
An inner state of activiation that provides energy needed to achive a goal
Term
Motivated reasoning
Definition
Processing information in a way that allows consumers to reach the conclusion that they want to reach
Term
Felt involvement
Definition
The consumer's experience of being motived with respect to a product or service or decisions and actions about these
Term
Enduring involvement
Definition
Long term interest in an offering, activity or decision
Term
Situational involvement
Definition
Temporary interest in an offering, activity or decision, often caused by situational circumstances
Term
Cognitive involvement
Definition
Interest in thinking about and learning information pertinent to an offering, acitivity or decision
Term
Affective involvement
Definition
Interest in expending emotional energy and evoking deep feelings about an offering, activiy or decision
Term
Response involvement
Definition
Interest in certain decisions and behaviors
Term
Personal relevance
Definition
Something that has a direct bearing on the self and has potentially significant consequences or implications of our lives
Term
Self-concept
Definition
Our mental view of who we are
Term
Values
Definition
Abstract, enduring believes about what is right/wrong, important or good/bad
Term
Need
Definition
An internal state of tension experienced when there is a discrepancy between the current and ideal/desired physical or psychological state
Term
Functional need
Definition
Need that motivates the search for offerings that solve consumption-related problems
Term
Symbolic need
Definition
Need that relates to the meaning of our consumption behaviors to ourselves and to others
Term
Hedonic need
Definition
Need that relates to sensory pleasure
Term
Approach-avoidance conflict
Definition
An inner struggle about acquiring or consuming an offering that fulfills one need but fails to fulfill another
Term
Approach-approach conflict
Definition
An innner struggle about which offering to acquire when each can satisfy an important but different need
Term
Avoidance-avoidance conflict
Definition
An inner struggle about which offering to acquire when neither can satisfy an important but different need
Term
Goal
Definition
Outcome that we would like to achieve
Term
Appraisal theory
Definition
A theory of emotion that proposes that emotions are based on an individual's assessment of a situation or an outcome and its relevance to his or her goals
Term
Self-control
Definition
Process consumers use to regulate feelings, thoughts and behavior in line with long-term goals, rather than to pursue short-term goals
Term
Ego depletion
Definition
Outcome of decision-making effort that results in mental resources being exhausted
Term
Embodiment
Definition
Connection between mind and body that influences and expresses consumer self-control and behavior
Term
Percieved risk
Definition
The extent to which the consumer anticipates negatives consequences of an action to emerge and positive consequences to not emerge
Term
Performance risk
Definition
The possibility that the offering will not perform as well as hoped or expected
Term
Financial risk
Definition
The extent to which buying, using or disposing of an offering is perceived to have the potential to create financial harm
Term
Physical risk (safety)
Definition
The extent to which buying, using or disposing of an offering is perceived to have the potential to create physical harm of harm to one's satefy
Term
Social risk
Definition
The extent to which buying, using or disposing of an offering is perceived to have the potential to do harm to one's social standing
Term
Psychological risk
Definition
The extent to which buying, using or disposing of an offering is perceived to have the potential to harm one's sense of self and thus create negative emotions
Term
Time risk
Definition
The extent to which buying, ysing of disposing of an offering is perceived to have the potential to lead to loss of time
Term
Ability
Definition
The extent to which consumers have the required resources to make an outcome happen
Term
Exposure
Definition
The process by which the consumer comes in physical contact with a stimulus
Term
Marketing stimuli
Definition
Information about commercial offerings communicated either by the marketer or by nomarketing sources
Term
Zipping
Definition
Fast-forwarding through commercials on a program recorded earlier
Term
Zapping
Definition
Use of a remote control to switch channels during commercial breaks
Term
Attention
Definition
The amount of mental activity a consumer devotes to a stimulus
Term
Preattentive processing
Definition
The non-conscious processing of stimuli
Term
Prominence
Definition
The intensity of stimuli that causes them to stand out relative to the environment
Term
Concreteness
Definition
The extent to which a stimulus is capable of being imagined
Term
Habituation
Definition
The process by which a stimulus loses its attention-getting abilities by virtue of its familiarity
Term
Perception
Definition
The process of determining the properties of stimuli using vision, hearing, taste, smell and touch
Term
Absolute threshold
Definition
The minimal level of stimulus intensity needed to detect a stimulus
Term
Differential threshold (Just noticable difference)
Definition
The intensity difference needed between two stimuli before they are perceived to be different
Term
Weber's law
Definition
The stronger the initial stimulus, the greaterthe additional intensity needed for the second stimulus to be perceived as different
Term
Subliminal perception
Definition
The activation of sensory receptors by stimuli presented below the perceptual threshold
Term
Perceptual organization
Definition
The process by which stimuli are organized into meaningful units
Term
Figure and ground
Definition
The principle that people interpret stimuli in the context of a background
Term
Closure
Definition
The principle that individuals have a need to organize perceptions so that they form a meaningful whole
Term
Grouping
Definition
The tendency to group stimuli to form a unified picture or impression
Term
Preference for the whole
Definition
The tendency to perceive more value in a whole than in the combined parts that make up a whole
Term
Comprehension
Definition
The process of extracting higher-order meaning from what we have perceived in the context of what we already know
Term
Source identification
Definition
The process of determining what the perceived stimulus actually is, what category it belongs to
Term
Objective comprehension
Definition
The extent to which consumer accurately understand the message a sender intended to communicatie
Term
Subjective comprehension
Definition
What the consumer understands from the message, regardless of whether this understanding is correct
Term
Perceptual fluency
Definition
The ease with which information is processed
Term
Consumer memory
Definition
The persistnece of learning over time
Term
Retrieval
Definition
The process of remembering or accessing what was previously stored in memory
Term
Sensory memory
Definition
Input from the five senses stored temporarily in memory
Term
Working memory (WM)
Definition
The portion of memory where incoming information is encoded or interpreted in the context of existing knowledge and kept available for more processing
Term
Long-term memory (LTM)
Definition
The part of memory where information is permanently stored for later use
Term
Episodic memory (autobiographical)
Definition
Knowlegde we have about ourselves and our personal, past experiences
Term
Semantic memory
Definition
General knowledge about an entity, detached from specific episodes
Term
Explicit memory
Definition
When consumers are consciously aware that they remember something
Term
Implicit memory
Definition
Memory without a conscious attempt at remembering something
Term
Recognition
Definition
The process of identifying whether we have previously encountered a stimulus when reexposed to the stimulus
Term
Recall
Definition
The ability to retrieve information about a stimulus from memory without being reexposed to the stimulus again
Term
Elaboration
Definition
Transferring information into long-term memory by processing it at deeper levels
Term
Schema
Definition
The set of associations linked to a concept in memory
Term
Spreading of activation
Definition
The process by which retrieving a concept or association spreads to the retrieval of a related concept or association
Term
Priming
Definition
The increased sensitivity to certain concepts and associations due to prior experience based on implicit memory
Term
Brand image
Definition
Specific type of schema that captures what a brand stands for and how favorably it is viewed
Term
Brand personality
Definition
The set of associations included in a schema that reflect a brand's personification
Term
Script
Definition
A special type of schema that represents knowledge of the sequence of actions involved in performing an activity
Term
Brand extension
Definition
Using the brand name of a product with a well-developed image on a product in a different category
Term
Taxonomic category
Definition
How consumers classify a group of objects in memory in an orderly, often hierarchical way, based on their similarity to one another
Term
Prototype
Definition
The best example of a cognitive category
Term
Prototypicality
Definition
The extent to which an object is representative of its category
Term
Goal-derived category
Definition
Things viewed as belonging in the same category because they serve in the same goals
Term
Construal level theory
Definition
Theory describing the different levels of abstractness in the associations that a consumer has about things and how the consumer's psychological distance influences the abstractness of the association and his/her behavior
Term
Decay
Definition
The weakening of memory strenght over time
Term
Interference
Definition
When the strength of a memory deteriorates over time because of competing memories
Term
Primacy and recency effect
Definition
The tendency to show greater memory for information that comes first or last in a sequence
Term
Retrieval cue
Definition
A stimulus that facilitates the activation of memory
Term
Attitude
Definition
A relatively global and enduring evaluation of an object, issue, person or action
Term
Cognitive function
Definition
How attitudes influence our thoughts
Term
Affective function
Definition
Katz' notion that our feelings influence our attitudes
Term
Connative function
Definition
How attitudes influence our behavior
Term
Favorability
Definition
The degree to which we like or dislike something
Term
Attitude accessibility
Definition
How easily an attitude can be remembered
Term
Attitude confidence
Definition
How strongly we hold an attitude
Term
Attitude persistence
Definition
How long our attitude lasts
Term
Attitude resistance
Definition
How difficult it is to change an attitude
Term
Ambivalence
Definition
When our evaluations regarding a brand are mixed
Term
Central-route processing
Definition
The attitude formation and change process when effort is high
Term
Peripheral-route processing
Definition
The attitude formation and change process when effort is low
Term
Cognitive response
Definition
Thought we have in response to a communication
Term
Counterargument (CA)
Definition
Thought that disagrees with the message
Term
Support argument (SA)
Definition
Thought that agrees with the message
Term
Source derogation (SD)
Definition
Thought that discounts of attacks the source of the message
Term
Belief discrepancy
Definition
When a message is different from what consumers believe
Term
Expectancy-value model
Definition
A widely used model that explains how attitudes form and change
Term
Theory of reasoned action (TORA)
Definition
A model that provides an explanation of how, when and why attitudes predict behavior
Term
Behavior
Definition
What we do
Term
Behaviroal intention (BI)
Definition
What we intend to do
Term
Attitude toward the act (Aact)
Definition
How we feel about doing something
Term
Subjective norm (SN)
Definition
How others feel about our doing something
Term
Normative influence
Definition
How other people influence our behavior through social pressure
Term
Theory of planned behavior
Definition
An extension of the TORA model that predicts behaviors over which consumers perceive they have control
Term
Credibility
Definition
Extent to which the source is trustworthy, expert or has status
Term
Strong argument
Definition
A presentation that features the best or central merits of an offering in a convincing manner
Term
One-sided message
Definition
A marketing message that presents only positive information
Term
Two-sided message
Definition
A marketing message that presents both positive and negative information
Term
Comparative message
Definition
A message that makes direct comparisons with competitors
Term
Affective response
Definition
When consumers generate feelings and images in response to a message
Term
Emotional appeal
Definition
A message designed to elicit an emotional response
Term
Attractiveness
Definition
A source characteristic that evokes favorable attitudes if a source is physically attractive, likable, familiar or similar to ourselves
Term
Match-up hypothesis
Definition
Idea that the source must be appropriate for the product/service
Term
Fear appeal
Definition
A message that stressess negative consequences
Term
Terror management theory (TMT)
Definition
A theory which deals with how we cope with the threat of death by defering our world view of values and beliefs
Term
Attitude toward the ad
Definition
Whether the consumer likes or dislikes an ad
Term
Utiltarian dimension (functional)
Definition
When an ad provides information
Term
Hedonic dimension
Definition
When an ad create postive of negative feelings
Term
Peripheral route to persuasion
Definition
Aspects other than key message arguments that are used to influence attitudes
Term
Peripheral cues
Definition
Easily processed aspects of a message
Term
Thin-slice judgements
Definition
Evaluations made after very brief observations
Term
Simple inferences
Definition
Beliefs based on peripheral cues
Term
Heuristics
Definition
Simple rules of thumb that are used to make judgements
Term
Frequency heuristic
Definition
Belief based simply on the number of supporting arguments or amount of repetition
Term
Truth effect
Definition
When consumers believe a statement simply becuase it has been repeated a number of times
Term
Self-referencing
Definition
Relating a message to one's own experience or self-image
Term
Incidental learning
Definition
Learning that occurs from repetition rather than from conscious processing
Term
Mere exposure effect
Definition
When familiarity leads to a consumer's liking an object
Term
Classical conditioning
Definition
Producing a response to a stimulus by repeatedly pairing it with another stimulus that automatically produces this response
Term
Evaluative conditioning
Definition
A special case of classical conditioning, producing an effective repsone by repeatedly pairing a neutral conditioned stimulus with an emotionally charged unconditioned stimulus
Term
Dual-mediation hypothesis
Definition
Explains how attitudes toward the ad influence brand attitudes
Term
Dramas
Definition
Ads with characters, a plot and a story
Term
Transformational advertising
Definition
Ads that try to increase emotional involvement with the product or service
Term
Problem recognition
Definition
The perceived difference between an actual and an ideal state
Term
Ideal state
Definition
The way we want things to be
Term
Actual state
Definition
Current state, the way things actually are
Term
Internal search
Definition
The process of recalling stored information from memory
Term
Consideration (evoked set)
Definition
The subset of top-of-mind brands evaluated when making a choice
Term
Diagnostic information
Definition
That which helps us discriminate among objects
Term
Salient attribute
Definition
Attribute that is top of mind or more important
Term
Attribute determinance
Definition
Attribute that is both salient and diagnostic
Term
Online processing
Definition
When a consumer is actively evaluation a brand as he/she views an ad for it
Term
Inhibition
Definition
The recall of one attribute inhibiting the recall of another
Term
Confirmation bias
Definition
Tendency to recall information that reinforces or confirms our overall beliefs rather than contradicting them, thereby making our judgement or decision more positive than it should be
Term
Ongoing search
Definition
A search that occurs regularly, regardless of whether the consumer is making a choice
Term
External search
Definition
The process of collecting information from outside sources
Term
Prepurchase search
Definition
A search for information that aids a specific acquisition decision
Term
Judgement
Definition
Evaluation of an object or estimate of likelihood of an outcome or event
Term
Decision-making
Definition
Making a selection among options or courses of action
Term
Anchoring and adjustment process
Definition
Starting with an initial evaluation and adjusting it with additional information
Term
Estimation of likelihood
Definition
Judging how likely it is that something will occur
Term
Judgement of goodness/badness
Definition
Evaluating the desirability of something
Term
Imagery
Definition
Multisensory mental representation of a stimulus or an event
Term
Mental accounting
Definition
Categorizing spending and saving decisions into accounts mentally designated for specific consumption transactions, goals or situations
Term
Emotional accounting
Definition
The intensity of positive or negative feelings associated with each mental account for saving or spending
Term
Inept set
Definition
Options that are unacceptable when making a decision
Term
Inert set
Definition
Options toward which consumers are indifferent
Term
Attraction effect
Definition
When the addition of an inferior brand to a consideration set increases the attractivenesss of the dominant brand
Term
Decision framing
Definition
The initial reference point or anchor in the decision proces
Term
Cognitive decision-making model
Definition
The process by which consumers combine items of information about attributes to reach a decision
Term
Affective decison-making model
Definition
The process by which consumers base their decison on feelings and emotions
Term
Compensatory model
Definition
A mental cost-benefit analysis model in which negative features can be compensated for by positives ones
Term
Noncompensatory model
Definition
A simple decision model in which negative information leads to rejection of the option
Term
Cutoff level
Definition
For each attribute, the point at which a brand is rejected with a non-compensatory model
Term
Brand processing
Definition
Evaluating one brand at a time
Term
Multiattribute expectancy-value model
Definition
A type of brand-based compensatory model
Term
Conjunctive model
Definition
A noncompensatory model that sets minimum cutoffs to reject bad options
Term
Disjunctive model
Definition
A noncompensatory model that sets acceptable cutoffs to find options that are good
Term
Attribute processing
Definition
Comparing brands, one attribute at a time
Term
Additive difference model
Definition
Compensatory model in which brands are compared by attribute
Term
Lexicographic model
Definition
A noncompensatory model that compares brands by attitudes, one at a time in order of importance
Term
Elimination-by-aspects model
Definition
Similar to the lexicographic model but adds the notion of acceptable cutoffs
Term
Endowment effect
Definition
When ownership increases the value of an item
Term
Affective forecasting
Definition
A prediction of how you will feel in the future
Term
Noncomparable decision
Definition
The process of making a decision about products or services from different categories
Term
Alternative-based strategy
Definition
Making a noncomparable choice based on an overall evaluation
Term
Attribute-based strategy
Definition
Making a noncomparable choice by making abstract representations of comparable attributes
Term
Extremeness aversion
Definition
Options that are extreme on some attributes are less attractive than those with a moderate level of those attributes
Term
Compromise effect
Definition
When a brand gains share because it is an intermediate rather than an extreme option
Term
Attribute balancing
Definition
Picking a brand because it scores equally well on certain attributes rather than faring unequally on these attributes
Term
Metacognitive experiences
Definition
How the information is processed beyond the content of the decision
Term
Representativeness heuristic
Definition
Making a judgement by simply comparing a stimulus with the category prototype or exemplar
Term
Law of small numbers
Definition
The expectation that information obtained from a small number of people represents the larger population
Term
Availability heuristic
Definition
Basing judgements on events that are easier to recall
Term
Base-rate information
Definition
How often an event really occurs on average
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
A process of learning drive by the use of rewards to reinforce desired behavior and punishment to discourage objectionable behavior
Term
Performance-related tactics
Definition
Tactics based on benefits, features or evaluations of the brand
Term
Habit
Definition
A learned behavior that involves regular performance of the same act repeatedly over time
Term
Shaping
Definition
Leading consumers through a series of steps to create a desired response
Term
Brand loyalty
Definition
Buying the same brand repeatedly because of a strong preference for it
Term
Multibrand loyalty
Definition
Buying two or more brands repeatedly because of a strong preference for them
Term
Price-related tactics
Definition
Simplifying decision heuristics that are based on price
Term
Deal-prone consumer
Definition
A consumer who is likely to be influenced by price
Term
Normative choice tactics
Definition
Low-elaboration decision-making that is based on others' opinions
Term
Affect
Definition
Low-level feelings
Term
Brand familiarity
Definition
Easy recognition of a well-known brand
Term
Affect-related tactics
Definition
Tactics based on feelings
Term
Affect referral
Definition
A simple type of affective tactic whereby we simply remember our feelings for the product or service
Term
Co-branding
Definition
An arrangement by which the two brands form a partnership to benefit from the power of both
Term
Variety seeking
Definition
Trying someting different
Term
Optimal stimulation level (OSL)
Definition
The level of arousal that is most comfortable for an individual
Term
Sensation seeker
Definition
A consumer who actively looks for variety
Term
Vicarious exploration
Definition
Seeking information simply for stimulation
Term
Impulse purchase
Definition
An unexpected purchase based on a strong feeling
Term
Post-decision dissonance
Definition
A feeling of discomfort about whether or not the correct decision was made
Term
Post-decision regret
Definition
The negative feelings that one should have made another decision than one actually did
Term
Hypothesis testing
Definition
Comparing prior belief or expectations with new information information
Term
Hypothesis generation
Definition
Forming expectations about the brand, product or service
Term
Exposure to evidence
Definition
Actually experiencing the brand
Term
Encoding of evidence
Definition
Processing the information that one experiences
Term
Integration of evidence
Definition
Combining new information with stored knowledge
Term
Ambiguity of information
Definition
When there is not enough information form the consumption experience to confirm or disprove one's hypotheses
Term
Satisfaction
Definition
The feeling that a purchase decision, consumption experience or dispostion decison meets or exceeds one's expectations
Term
Dissatisfaction
Definition
The feeling that a purchase decision, consumption experience or dispostion decison falls short to one's expectations
Term
Disconfirmation
Definition
When expectations do not match the actual brand, product or service performance, because performance is either better or worse than expected
Term
Expectation
Definition
Belief about the performance of a brand, product or service
Term
Performance
Definition
The extent to which the product/service does what it is supposed to do and fulfills consumers' needs
Term
Attribution theory
Definition
A theory of how individuals find explanations for events
Term
Equity theory
Definition
A theory about the fairness of exchanges between individuals which helps in understanding consumer satisfaction and dissatisfaction
Term
Fairness of the exchange
Definition
The perception that the inputs and outputs of people involved in an exchange are equal
Term
Post-decision emotions
Definition
Positive or negative emotions experienced while using or disposing of the acquired brands, products or services
Term
Negative word-of-mouth communication
Definition
The act of consumers sharing negative information about a brand, product or service with other consumers
Term
Customer retention
Definition
The practice of retaining customers by building long-term relationships with them
Term
Physical detachment
Definition
Physically disposing of an item
Term
Emotional detachment
Definition
Emotionally disposing of a possession
Term
Nonmarketing source
Definition
Influence delivered from an entity outside a margketing organization
Term
Marketing source
Definition
Influence delivered from a marketing agent
Term
Word of mouth
Definition
Influence delivered verbally from one person to another person or group of people
Term
Opinion leader
Definition
An individual who acts as an information broker between the mass media and the opinions and behaviors of an individual or group
Term
Gatekeeper
Definition
A source that controls the flow of information
Term
Market maven
Definition
A consumer whom others rely for information about the marketplace in general
Term
Associative reference group
Definition
A group to which we currently belong
Term
Aspriational reference group
Definition
A group that we admire and desire to be like
Term
Brand community
Definition
A specialized group of consumers with a structured set of relationships involving a particular brand, fellow customers of that brand and the product in use
Term
Dissociative reference group
Definition
A group we do not want to emulate
Term
Primary reference group
Definition
Group with whom we have physical face-to-face interaction
Term
Secondary reference group
Definition
Group with whom we do not have direct contact
Term
Tie-strenght
Definition
The extent to which a clos, intimate relationship connects people
Term
Consumer socialization
Definition
The process by which we learn to become consumers
Term
Norm
Definition
Collective decision about what constitutes appropriate behavior
Term
Brand-choice congruence
Definition
The purchase of the same brand as members of a group
Term
Conformity
Definition
The tendency to behave in an expected way
Term
Compliance
Definition
Doing what the group or social influencer asks
Term
Reactance
Definition
Doing the opposite of what the individual or group wants us to do
Term
Coercive power
Definition
The extent to which the group has the capacity to deliver rewards and sanctions
Term
Informational influence
Definition
The extent to which sources influence consumers simply by providing information
Term
Valence
Definition
Whether information about something is good (positive valence) or bad (negative valence)
Term
Millennials
Definition
Individuals born between 1980 and 1994, also known as generation Y
Term
Generation X
Definition
Individuals born between 1965 and 1979
Term
Baby boomers
Definition
Individuals born between 1946 and 1964
Term
Gray market
Definition
Individuals over 65 years old
Term
Agentic goal
Definition
Goal that stresses mastery, self-assertiveness, self-efficacy, strength and no emotion
Term
Communal goal
Definition
Goal that stresses affiliation and fostering harmonious relations with others, submissiveness, emotionality and home orientation
Term
Gender
Definition
Biological state of being male or female
Term
Sexual orientation
Definition
A person's preference toward certain behaviors
Term
Clustering
Definition
The grouping of consumers according to common characteristics
Term
Ethnic group
Definition
Subculture with a similar heritage and values
Term
Acculturation
Definition
Learning how to adapt to a new culture
Term
Multiculture marketing
Definition
Strategies used to appeal to a variety of cultures at the same time
Term
Intensity of ethnic identification
Definition
How strongly people identify with their ethnic group
Term
Nuclear family
Definition
Father, mother and children
Term
Extended family
Definition
The nuclear family plus relatives such as grandparents, aunts, uncles and cousins
Term
Household
Definition
A single person living along or a group of individuals who live together in a common dwelling, regardsless of whether they are related
Term
Family life cycle
Definition
Differen stages of family life, depending on the age of the parents and how many children are living at home
Term
Household decision roles
Definition
Roles that different members play in a household
Term
Instrumental roles
Definition
Roles that relate to tasks affecting the buying decision
Term
Expressive roles
Definition
Roles that involve an indication of family norms
Term
Husband-dominant decision
Definition
Decision made primarly by the male head-of-household
Term
Wife-dominant decision
Definition
Decision made primarly by the female head-of-household
Term
Autonomic decision
Definition
Decision equally likely to be made by the husband or wife, but not by both
Term
Syncratic decision
Definition
Decision made jointly by the husband and wife
Term
Social class hierarchy
Definition
The grouping of members of society according to status, high to low
Term
Overprivileged
Definition
Families with an income higher than the avarage in their social class
Term
Class average
Definition
Families with an average income in a particular class
Term
Underprivileged
Definition
Families below the average income in their class
Term
Status float
Definition
Trends that start in the lower and middle classes and move upward
Term
Trickle-down effect
Definition
Trends that start in the upper classes and then are copied by lower classes
Term
Inherited status
Definition
Status that derives from parents at birth
Term
Earned status
Definition
Status acquired later in life through achievements
Term
Status crystallization
Definition
When consumers are consistent across indicators of social class income, education, occupation, ect
Term
Downward mobility
Definition
Losing one's social standing
Term
Upward mobility
Definition
Raising one's status level
Term
Social class fragmentation
Definition
The dissapearance of class distinctions
Term
Conspicuous consumption
Definition
The acquisation and display of goods and services to show off one's status
Term
Parody display
Definition
Status symbols that start in the lower-social classes and move upward
Term
Fraudulent symbol
Definition
Symbol that becomes so widely adopted that it loses its status
Term
Conspicuous waste
Definition
Visibly buying products and services that one never uses
Term
Voluntary simplicity
Definition
Limiting acquisition and consumption to live a less material life
Term
Status symbol
Definition
Product or service that tells others about someone's social standing
Term
Compensatory consumption
Definition
The consumer behavior of buying products or services to offset frustrations or difficulties in life
Term
Psychographics
Definition
A description of consumers based on their psychological and behavioral characteristics
Term
Values
Definition
Enduring beliefs about abstract outcomes and behaviors that are good or bad
Term
Value system
Definition
Our total set of values and their relative importance
Term
Global values
Definition
A person's most enduring, strongly held and abstract values that hold in many situations
Term
Terminal values
Definition
Highly desired end states such as social recognition and pleasure
Term
Instrumental values
Definition
The values needed to achieve the desired end states such as ambition and cheerfulness
Term
Domain-specific values
Definition
Values that may only apply to a particular area of activities
Term
Materialism
Definition
Placing a high importance on acquiring and owning material goods and money
Term
Hedonism
Definition
The principle of pleasure seeking
Term
Means-end chan analysis
Definition
A technique that can help to explain how values link to attributes in proucts and services
Term
Rokeach value survey (RVS)
Definition
A survey that measures instrumental and terminal values
Term
List of values (LOV)
Definition
A survey instrument that efficiently measures nine principal values driving consumer behavior
Term
Personality
Definition
General enduring differences between people in terms of behavior patterns, feeling and thinking
Term
Locus of control
Definition
People's tendency to attribute the cause of events to the self or not the self
Term
Dogmatism
Definition
A tendency to be resistanc to change or new ideas
Term
Need for uniqueness (NFU)
Definition
The desire for a unique position and experiences through the purchase, use and disposition of products and services
Term
Need for cognition (NFC)
Definition
A trait that describes how much people like to think
Term
Lifestyles
Definition
People's patterns of behavior
Term
Activities, interests and opinions (AIO)
Definition
Three components of lifestyles
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