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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.

Consumer market:

All the individuals and households that buy or acquire good and services for personal consumption.

Culture:

The set of basic values, perceptions, wants, and behaviors learned by a member of society from family and other important institutions.

Subculture:

A group of people with shared value systems based on common life experiences and situations.

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.

Social class:

Relatively permanent and ordered divisions in a society whose members share similar values, interests, and behaviors.

Group:

Two or more people who interact to accomplish individual or mutual goals.

Word-of-mouth influence:

The impact of the personal words and recommendations of trusted friends, associates, and other consumers on buying behavior.

Opinion leader:

A person within a reference group who, because of special skills, knowledge, personality, or other characteristics, exerts social influence on others.

Online socail networks:

Online social communities-blogs, social networking websites, and other online communities- where people socialize and exchange information and opinions.

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.

Economic Situation:

Will affect his or her store and product choices. Marketers watch trends of personal income, savings, and interest rates.

Occupation:

Affects the goods and services bought. Blue-collar workers tend to buy more rugged work clothes, whereas executives buy more business suits.

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.

Lifestyle:

A persons pattern of living as expressed in his or her activities, interests, and opinions.

Personality:

The unique psychological characteristics that distinguish a person or group.

Motive (drive):

A need that is sufficiently pressing to direct the person to seek satisfaction of the need.

Perception:

The process by which people select, organize, and interpret information to form a meaningful picture of the world.

Learning:

Changes in an individual's behavior arising from experience.

Belief:

A descriptive thought that a person holds about something.

Attitude:

A person's consistently favorable or unfavorable evaluations, feelings, and tendencies toward an object or idea.

Cognitive dissonance:

Buyer discomfort caused by post purchase conflict.

New product:

A good, service, or idea this is perceived by some potential customers as new.

Adoption process:

The mental process through which an individual passes from first hearing about an innovation to final adoption.

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.

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.

Derived demand:

Businesses demand that ultimately comes from the demand for consumer goods.

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.

Straight re-buy:

A business buying situation in which the buyer routinely reorders something without any modifications.

Modified re-buy:

A business buying situation in which the buyer wants to modify product specifications, prices, terms, or suppliers.

New task:

A business buying situation in which the buyer purchases a product or service for the first time.

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.

Buying center:

All the individuals and units that play a role in the purchase decision-making process.

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.

E-procurement:

Purchasing through electronic connections between buyers and sellers-usually online.