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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