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35 Cards in this Set
- Front
- Back
Consumer buyer behavior: |
The buying behavior of final consumers-individuals and households that buy goods for personal consumption. |
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Consumer market: |
All the individuals and households that buy or acquire good and services for personal consumption. |
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Culture: |
The set of basic values, perceptions, wants, and behaviors learned by a member of society from family and other important institutions. |
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Subculture: |
A group of people with shared value systems based on common life experiences and situations. |
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Cross-cultural marketing: |
Including ethnic themes and cross-cultural perspectives within a brand's mainstream marketing, appealing to consumer similarities across subcultures rather than differences. |
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Social class: |
Relatively permanent and ordered divisions in a society whose members share similar values, interests, and behaviors. |
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Group: |
Two or more people who interact to accomplish individual or mutual goals. |
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Word-of-mouth influence: |
The impact of the personal words and recommendations of trusted friends, associates, and other consumers on buying behavior. |
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Opinion leader: |
A person within a reference group who, because of special skills, knowledge, personality, or other characteristics, exerts social influence on others. |
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Online socail networks: |
Online social communities-blogs, social networking websites, and other online communities- where people socialize and exchange information and opinions. |
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Family: |
Is the most important consumer buying organization in society. Marketers are interested in the roles and influence of the husband, wife, and children on the purchase of different products and services. |
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Economic Situation: |
Will affect his or her store and product choices. Marketers watch trends of personal income, savings, and interest rates. |
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Occupation: |
Affects the goods and services bought. Blue-collar workers tend to buy more rugged work clothes, whereas executives buy more business suits. |
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Age and life cycle stage: |
Tastes in food, clothes, furniture, and recreation are often related to this. Buying is also affected by the stage of the family life cycle. |
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Lifestyle: |
A persons pattern of living as expressed in his or her activities, interests, and opinions. |
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Personality: |
The unique psychological characteristics that distinguish a person or group. |
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Motive (drive): |
A need that is sufficiently pressing to direct the person to seek satisfaction of the need. |
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Perception: |
The process by which people select, organize, and interpret information to form a meaningful picture of the world. |
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Learning: |
Changes in an individual's behavior arising from experience. |
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Belief: |
A descriptive thought that a person holds about something. |
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Attitude: |
A person's consistently favorable or unfavorable evaluations, feelings, and tendencies toward an object or idea. |
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Cognitive dissonance: |
Buyer discomfort caused by post purchase conflict. |
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New product: |
A good, service, or idea this is perceived by some potential customers as new. |
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Adoption process: |
The mental process through which an individual passes from first hearing about an innovation to final adoption. |
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Business buyer behavior: |
The buying behavior of organizations that buy goods and services for use in the production of other products and services that are sold, rented, or supplied to others. |
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Business buying process: |
The decision process by which business buyers determine which products and services their organizations need to purchase and then find, evaluate, and choose among alternative suppliers and brands. |
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Derived demand: |
Businesses demand that ultimately comes from the demand for consumer goods. |
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Supplier development: |
Systematic development of networks of supplier-partners to ensure an appropriate and dependable supply of products and materials for use in making products or reselling them to others. |
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Straight re-buy: |
A business buying situation in which the buyer routinely reorders something without any modifications. |
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Modified re-buy: |
A business buying situation in which the buyer wants to modify product specifications, prices, terms, or suppliers. |
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New task: |
A business buying situation in which the buyer purchases a product or service for the first time. |
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Systems selling (or solutions selling): |
Buying a packaged solution to a problem from a single seller, thus avoiding all the separate decisions involved in a complex buying situation. |
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Buying center: |
All the individuals and units that play a role in the purchase decision-making process. |
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Product value analysis: |
Carefully analyzing a product's or service's components to determine whether they can be redesigned and made more effectively and efficiently to provide greater value. |
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E-procurement: |
Purchasing through electronic connections between buyers and sellers-usually online. |