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26 Cards in this Set

  • Front
  • Back
actual state
consumer’s perceived current state
awareness set
set of alternatives of which a consumer is aware
behavioral influence decision-making perspective
assumes many consumer decisions are actually learned responses to environmental influences
brand inertia
a consumer simply buys a product repeatedly without any real attachment
brand loyalty
deeply held commitment to re-buy a product or service regardless of situational influences that could lead to switching behavior
consideration set
alternatives that are considered acceptable for further consideration in decision making
consumer search behavior
behaviors that consumers engage in as they seek information that can be used to resolve a problem
desired state
perceived state for which a consumer strives
experiential decision-making perspective
assumes consumers often make purchases and reach decisions based on the affect, or feeling, attached to the product or behavior under consideration
extended decision making
assumes consumers move diligently through various problem-solving activities in search of the best information that will help them reach a decision
external search
gathering of information from sources external to the consumer such as friends, family, salespeople, advertising, independent research reports, and the Internet
habitual decision making
consumers generally do not seek information at all when a problem is recognized and select a product based on habit
inept set
alternatives in the awareness set that are deemed to be unacceptable for further consideration
inert set
alternatives in the awareness set about which consumers are indifferent or do not hold strong feelings
information overload
situation in which consumers are presented with so much information that they cannot assimilate the variety of information presented
internal search
retrieval of knowledge stored in memory about products, services, and experiences
limited decision making
consumers search very little for information and often reach decisions based largely on prior beliefs about products and their attributes
ongoing search
search effort that is not necessarily focused on an upcoming purchase or decision but rather on staying up-to-date on the topic
perceived risk
perception of the negative consequences that are likely to result from a course of action and the uncertainty of which course of action is best to take
pre-purchase search
search effort aimed at finding information to solve an immediate problem
price
information that signals the amount of potential value contained in a product
quality
perceived overall goodness or badness of some product
rational decision-making perspective
assumes consumers diligently gather information about purchases, carefully compare various brands of products on salient attributes, and make informed decisions regarding what brand to buy
satisficing
practice of using decision-making shortcuts to arrive at satisfactory, rather than optimal, decisions
search regret
negative emotions that come from failed search processes
universal set
total collection