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24 Cards in this Set

  • Front
  • Back

What is consumer buyer behaviour?

The buying of final consumers - individuals an households that buy goods and services for personal consumption

What is consumer market?

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

What is culture?

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

What is a subculture?

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

What is an opinion leader?

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

What is online social networks?

Online social communities - blogs, social networking web sites, or even virtual worlds - where people socialise or exchange information or opinions

What is lifestyle?

A person's pattern of living as expressed in his or her activities, interests and opinions

What is personality?

The unique psychological characteristics that distinguish a person or a group

Explain the term motive (drive)?

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

Name the four major psychological factors for a person's buying choices

1. Motivation
2. Perception
3. Learning
4. Beliefs and attitudes

Explain the factor "perception"

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

Explain the factor "learning"

Changes in an individual's behaviour arising from experience

Explain the factor "belief"

A descriptive thought that a person holds about something

Explain the factor "attitude"

A person's consistently favourable or unfavourable evaluations, feelings, and tendencies toward an object or idea

What is complex buying behaviour?

Consumer buying behaviour in situations characterised by high consumer involvement in a purchase and significant perceived differences among brand

What is dissonance(oenighet/motsättning)-reducing buying behaviour?

Consumer buying behaviour in situations characterised by high involvement but few perceived differences among brands

What is need recognition?

The first stage of the buyer decision process, in which the consumer recognises a problem or need

Tell me about information search

The stage of the buyer decision process in which the consumer is aroused to search for more information: the consumer may simply have heightened attention or may go into an active information search

Tell me about alternative evaluation

The stage of the buyer decision process in which the consumer uses information to evaluate alternative brands in the choice set

What is purchase decision?

The buyer's decision about which brand to purchase

What is post-purchase behaviour?

The stage of the buyer decision process in which consumers take further action after purchase based on their satisfaction or dissatisfaction with a purchase

What is cognitive dissonance?

Buyer discomfort caused by post-purchase conflict

What defines a "new product"?

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

What is an adoption process?

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