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17 Cards in this Set
- Front
- Back
Situational Self-Image
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How someone feels about themselves at a particular time influences the way they spend.
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Unplanned Buying
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Occurs when people are under a time constraint or when someone is unfamiliar with the store’s layout.
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Impulse Buying
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Occurs when people decide last minute to maybe buy a gift for someone or to pick up the tab for a meal. An impulse item could be gum or candy. Retailers conveniently place these items by the checkout stands in grocery stores.
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Planners
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Know what products and brands they specifically want before entering the store.
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Partial Planners
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Know what products they want but don’t decide on the brand until they are in the store.
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Impulse Purchasers
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Have done no advance planning of their shopping trip ahead of time.
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Point-of-Purchase Stimuli
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A product display or demonstration that makes the consumer want to purchase the product.
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Exchange Theory
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states that every interaction has an exchange of value. Which means that both the customer and the salesperson each give something to the other and hope to receive something in return.
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Commercial Friendships
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the relationships formed between the salesperson and the customer.
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Factors that help determine a salesperson’s effectiveness:
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age, appearance, education, and motivation to sell.
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Post-purchase Satisfaction
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Consumers are in a constant process of evaluating the products/services they buy as they are bringing them into their daily consumption routine. Over time they can determine if they are overall satisfied or dissatisfied with the product.
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Voice Response
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The consumer can complain directly to the retailer for a refund of the product.
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Private Response
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Tell friends about their dissatisfaction in the product, boycott the store. This type of response can be extremely problematic for a stores reputation.
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Third-Party Response
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The angry consumer can take legal action against the company, complain to the Better Business Bureau, or write a letter to a newspaper or magazine.
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Gemba
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Means the one true source of information. When researchers go to actual place where product is being used and assess consumer likes and dislikes while consumer is in environment and using the product.
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Disposal Options:
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Consumer can either keep the item, temporarily dispose of it (rent it, or loan it), or permanently dispose of it.
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Lateral Cycling
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When already purchased products are sold to others or exchanged for other things.
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