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Flashcards covering key concepts related to consumer behavior, purchasing decisions, and product disposal strategies.
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Consumer Behaviour
The study of how individuals select, purchase, use, and dispose of goods, services, ideas, or experiences.
Antecedent States
Mood or physiological conditions that influence buying behavior and evaluations of products.
Time Poverty
The feeling of being rushed or short on time, affecting consumers' ability to manage their task satisfaction.
Queuing Theory
A mathematical study of waiting lines, which examines the psychology of waiting and its effects on consumer feelings.
Mood Congruency
The phenomenon where consumers' moods affect their product judgments and decisions.
Showrooming
The practice of examining a product in a physical store and then purchasing it online.
Social Shopping
An online shopping experience that simulates the experience of shopping in a physical store with others.
Retailing as Theatre
The concept that retail environments use themed designs and atmospherics to enhance customer experience and loyalty.
Lateral Cycling
The act of selling or trading previously purchased products, often through informal markets like garage sales.
Disposal Options
Choices consumers make regarding how to dispose of items they no longer need, including keeping, temporarily disposing, or permanently disposing.
Recycling
The process of converting waste materials into reusable materials, viewed as an essential step in environmental responsibility.
Sharing Economy
An economic model in which consumers share access to goods and services, often facilitated by technology.