Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
37 Cards in this Set
- Front
- Back
consumer needs can be classified as _______, ________, or _______
|
functional
psychological both |
|
what is the first step in the consumer decision process
|
need recognition
|
|
when a buyer examines their own memory and knowledge about the product or service, gathered through past experiences.
|
internal search for information
|
|
when a buyer seeks information outside of his of her knowledge to help make the buying decision
|
external search for information
|
|
when people believe they have some control over the outcomes of their actions, in which case they generally engage in more search activities.
|
internal locus of control
|
|
when consumers believe the fate or other external factors control all outcomes. They believe it doesn't matter how much info they gather
|
external locus of control
|
|
research has shown that a consumers mind organizes and categorizes alternatives to aid his or her decision process. These are called
|
attribute sets
|
|
the attribute set that includes all possible choices for a product category, but because it would be unwidely for a person to recall all possible alternatives for every purchase decision, marketers tend to focus on only a subset of choices
|
universal sets
|
|
a subset which are those brands or stores that can be readily brought forth from memory
|
retrieval sets
|
|
the attribute set that comprises the alternative brands or stores that the consumer states he or she would probably actually consider when making a purchase decision
|
evoked sets
|
|
the stores you consider for purchase are in your _____ set
|
evoked
|
|
the stores you remember are in your _____ set
|
retrieval
|
|
this consists of salient or important attributes about a particular product
|
evaluative criteria
|
|
product or service features that are important to the buyer and on which competing brands or stores are perceived to differ
|
determinant attributes
|
|
the set of criteria that consumers use consciously or subconsciously to quickly and efficiently select from among several alternatives
|
consumer decision rule
|
|
when the consumer evaluates alternatives and trades off one characteristic against another, such that good characteristics compensate for bad characteristics
|
compensatory decision rule
|
|
when you choose a product or service on the basis of one characteristic or one subset of a characteristic, regardless of the value of its other attributes.
|
noncompensatory decision rule
|
|
mental shortcuts that help a consumer narrow down choices
|
decision heuristics
|
|
price, brand, and product presentation are examples of
|
decision heuristics
|
|
this is used to measure how well they convert purchase intentions into actual purchases
|
conversion rate
|
|
customer satisfaction, postpurchase dissonance, and customer loyalty are three....
|
post purchase outcomes
|
|
an internal conflict that arises from an inconsistency between two beliefs, or between belief and behavior
|
post purchase cognitive dissonance
|
|
marketing mix, psychological factors, situational factors, and social factors are the 4 factors that affect the
|
consumer decision process
|
|
the base of maslow's hierarchy of needs (biggest piece) is...
|
psychological
|
|
the top of maslow's hierarchy of needs (smallest piece) is...
|
self-actualization
|
|
the type of need that deals with the basic biological necessities of life (food, drink, rest, shelter)
|
psychological needs
|
|
this occurs when you feel completely satisfied with your life and how you live
|
self-actualization
|
|
an attitude consists of three components...
|
cognitive
effective behavioral |
|
the process by which we select, organize, and interpret information to form a meaningful picture of the world
|
perception
|
|
one or more persons whom an individual uses as a basis for comparison regarding beliefs, feelings, and behaviors.
|
reference group
|
|
the consumers degree of interest in or concern about the product or service
|
involvement
|
|
wholesalers, distributors, and retailers are all
|
resellers
|
|
democratic, autocratic, consultative, and consensus are the four types of
|
buying cultures
|
|
autocratic buying center
|
one person makes the decision alone
|
|
democratic buying center
|
majority rules
|
|
consultative buying center
|
one person makes the decision buy solicits input from others before doing so
|
|
consensus buying center
|
all members of the team must reach a collective agreement
|