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31 Cards in this Set

  • Front
  • Back

Purchase Decision Process

The stages a buyer passes through in making choices about which products or services to buy

Stages of Purchase Decision Process

1-Probelm Recognition


2- Information Search


3- Alternative Evaluation


4- Purchase Decision


5- Postpurchase Behavior

Involvement

The personal, social, and economic significances of a purchase to the consumer.

Situational Influence

1-Purchase task


2-social surroundings


3-physical surroundings


4-temporal effects


5-antecedent states

Motivation

The energizing force that stimulates behavior to satisfy a need

Personality

a Person's consistent behaviors or responses to recurring situations

Perception

The process by which a person selects, organizes, and interprets information to create a meaningful picture of the world.

Perceived Risks

The anxiety felt when a consumer cannot anticipate possible negative outcomes of a purchase

Learning

Behaviors that result from repeated experience and reasoning

Behavioral Learning

the process of developing automatic responses to a situation built up through repeated exposure to it

Drive

A need that moves an individual to action

Cue

A stimulus or symbol perceived by consumers

Response

The action taken by a consumer to satisfy the drive

REinforcement

the reward

Cognitive Learning

Learning through thinking, reasoning, and mental problem solving without direct experience

Brand Loyalty

A favorable attitude toward and consistent purchase or a single brand over time

Attitude

A tendency to respond to something in a consistently favorable or unfavorable way

Beliefs

A consumer's perception of how a product or brand performs

Lifestyle

A mode of living that is identified by how people spend their time and resources

Vals Classification System

.

Opinion Leaders

Individuals who have social influence over others

Word of Mouth

People influencing each other in personal conversations

Reference Groups

People to whom an individual looks as a basis for self-appraisal or as a source of personal standards

Membership Group

one to which a person actually belongs, including fraternities and sororities, social clubs, and the family

Aspirational Group

one that a person wishes to be a member of or wishes to be identified with, such as a professional society

Dissociative Group

one that a person wishes to maintain a distance from because of difference in values or behaviors

Family Life Cycle

A family's progression from formation to retirement, each phase bringing with it distinct purchasing behaviors

Subcultures

subgroups within the larger, or national, culture with unique values, ideas, and attitudes

Hispanics

Largest racial/ethnic subculture in the United States in terms of population and spending power

African-American

Second Largest spending power

Asian

70 percent are immigrants. Most under age of 30.