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94 Cards in this Set

  • Front
  • Back
Post-decision dissonance
when more than one alternative is attractive and the decision is important
post-decision regret
unfavorable comparison between the option you chose and the option you didn't choose
disconfirmation
discrepancy (positive or negative) between our prior expectation s and the product's actual performance
expectations
desired product/service outcomes and include "pre-consumption" beliefs about overall performance or the levels or attributes possessed by a product (service)
attribution theory
how individuals think about explanations for or causes of effects or behavior
factors of attribution theory
stability
focus
controllability
equity theory
inputs vs. outputs:
focuses on the nature of exchange between buyers and sellers
Responses to dissatisfaction
Take no action
Discontinue Purchasing
Complain to the company
Engage in negative WOM
customer-retention
practice of working to satisfy customers with the intention of developing long-term relationships with them
disposition
throwing away of meaningless or used-up items without giving the action much thought
physical detachment
process by which the item is physically transferred to another person or location
emotional detachment
detailed, lengthy, and painful process (ex: selling your first house)
Teens and Generation Y
media and tech savvy
social networks
feel a sense of entitlement
Generation X
Born 1965-1976
Some still have angst
Boomerang kids
high discretionary income
delay marriage
Baby Boomer
Born 1946-1964
Largest demographic
Freedom to do what they want
Seniors
65+ years old
Women outnumber men
Perform limited search info
gray market
women outnumber men because women tend to live longer
agentic goals
(men)
mastery
self-assertiveness
self-efficacy
communal goals
(women)
forming affiliations and fostering harmonious relations
gender
biological state
(male or female)
sexual orientation
reflects a preference toward certain behaviors
clustering
"birds of a feather flock together"
consumers in the same neighborhood tend to buy the same types of cars, homes, appliances, etc.
satisfaction
if needs and goals have been met
dissatisfaction
when consumers have a negative evaluation of an outcome
(can be related to tolerance, distress, sadness, regret, agitation, outrage)
utilitarian dimensions
how well the product/service functions
hedonic dimensions
how the product makes someone feel
Marketers should aim to satisfy consumers because
1. tend to be highly loyal customers
2. consumers will influence others through WOM after contact
disconfirmation
discrepancy (positive or negative) between prior expectations and the product's actual performance
expectation
desired product/service outcomes and include "preconsumption beliefs about overall performance"
passives
least likely to complain
voicers
complain directly to the retailer or service provider
irates
angry consumers who are most likely to engage in negative WOM
activists
engage heavily in all types of complaining, including third parties
ethnic groups
members who share a common heritage, set of beliefs, religion and experiences
acculturation
members of a subculture must learn to adapt to the host culture
influenced by family, friends and media and combines with traditional customs to form a unique consumer culture
multicultural marketing
use of strategies that simultaneously appeal to a variety of cultures
individualism vs. collectivism
puts more emphasis on themselves as individuals than those part of the group vs. emphasize connections to others rather than their own individuality
horizontal vs. vertical orientation
equality vs. hierarchy
important to marketers of status-symbol products that will appeal to consumers influenced by vertical orientation
masculine vs. feminine
aggressive/individual advancement vs. social relationship
Hispanic levels of acculturation
1) acculturated: mostly English
2) bicultural: English/spanish
3) traditional: mostly spanish
intensity of ethnic identification
consumers who strongly identify with their ethnic group are less acculturated into the mainstream culture are more likely to exhibit the consumption patterns of the ethnic group
Social class systems (3)
High class
Middle class
Lower class
over privileged
have a disposable income and can purchase more than just necessities
class average
still able to afford the "American Dream" (home ownership, car)
underprivileged
have trouble making ends meet
trickle-down effect
lower classes copy trends that begin in the upper class
occurs because lower class aspires to be like upper class
status float
trends start in the lower and middle classes and spread upward (tattoos, music, etc)
income vs. social class
income can overlap social classes
income increases with age
dual-career families can earn more
inherited status
adopted from parents at birth
earned status
acquired later in life from personal achievements
Computerized Status Index (CSI)
assesses consumers' education, occupation, area of residence and income
status crystallization
consumers are consistent across social class, income, etc
How social class changes over time
Upward mobility
downward mobility
social class fragmentation
upward mobility
educational or occupational achievement
go back to school
limited by opportunity and resources
downward mobility
job loss
creates disappointment and dillusionment
social class fragmentation
upward/downward have blurred class divisions
increased availability of mass media leading to idiosyncrasies
advances in communication technology have increased communication and interaction across class lines
conspicuous consumption
attempt to offset deficiencies or lack of esteem by devoting attention to consumption
status symbols
good or services indicate their owners place in social hierarchy
parody display
status symbols that move in a reverse direction
fraudulent symbols
if certain symbols become widely possessed they can lose their status connotations
compensatory consumption
used in an effort to offset frustrations through consumption
seek gratification to make up for disappointment
nuclear family
consists of father, mother and children
extended family
nuclear family plus relatives (aunts, uncles, grandparents, etc)
delayed marriage
career is seen as a higher priority
couples can typically find themselves in a better financial position
cohabitation
consumers who decide to live with members of the opposite sex outside marriage
unmarried couples are more frequent consumers of entertainment, transportation and vacations
dual-career families
1) woman seeks career advancement and personal fulfillment
2) woman works out of financial necessity and considers her employment (just a job)
gatekeeper
household members who collect and control information important to the decision
influencer
household members who try to express their opinions and influence the decision
decider
the person or persons who actually determine which product or service will be chosen
buyer
household member who physically acquires the product or service
user
household members who consume the product
instrumental
relate to tasks affecting the buying decision
when and how much to purchase
expressive
indicate family norms
choice of color or style
Household role conflict based on
reasons for buying
who should make the decision
which option to choose
who uses the product or service
autonomic decision
equally likely to me made by the husband or wife, but not by both
(luggage, toys, games, cameras)
syncratic decision
made jointly by husband and wife
vacations, refrigerators, TVs, living room, furniture
Type of household determines the nature of children's influence
authoritarian households stress obedience
neglectful households exert little control
democratic households encourage self expression
permissive households remove constraints
psychographics
description of consumers on the basis of psychological and behavioral characteristics
values
enduring beliefs that a given behavior outcome is desireable or good
value system
our total set of values and their relative importance to us
terminal values
highly desired end states
salvation/happiness/self-respect
instrumental
needed to achieve desired end-states
belief in God
domain-specific
relevant only to particular areas of activity
religion, family or consumption
materialism
people gauge satisfaction in terms of what they have or have not acquired in life and in terms of desired possessions
individualism vs collectivism
degree to which a culture focuses on the individuals rather than a group
uncertainty avoidance
extent to which a culture prefers structured to unstructured situations
masculinity vs femininity
extent to which a culture stresses masculine values (assertiveness, success, and competition over feminine values (quality of life, warm personal relationships, caring
power distance
degree to which people are equal in terms of status
personality
distinctive patterns of behaviors, tendencies, qualities or personal dispositions that make one individual different from another and lead to a consistent response to environmental stimuli
locus of control
interpretation of why things happen
internal locus
people place the responsibility for good and bad outcomes on themselves
external locus
responsibility is placed on others
optimal stimulation level
people prefer it somewhere in the middle
dogmatism
tendency to be resistant to change and new idea