MKT 325 Exam 1

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Self concept

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44 Terms

1

Self concept

how an individual thinks about and evaluates his or herself

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2

Extended self

The space around us and how it affects us (homes and property, children, partners, pets, etc)

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3

Absolute Threshold

lowest point at which we notice something

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4

Differential threshold

amount of incremental change necessary for someone to notice a difference

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5

Exposure

stimulus has the ability to be detected by the senses

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6

Adaptation

the extent to which an individual’s sensitivity to a stimulus diminishes over time

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7

Perception

understanding how we receive stimulus information via our senses

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8

Classical Conditioning

creating associations- an individual learns a connection between two stimuli that are paired with one another

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9

Operant conditioning

an individual’s behavior is changed through reinforcement that follows a desired response (rewards and punishments)

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10

Short-term memory

an individual’s behavior is changed through reinforcement that follows a desired response (active, dynamic, limited capacity)

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11

working memory

another word for short-term memory

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12

long-term memory

permanent storage

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13

Extinction

occurs when the desired behavior is no longer reinforced or when the reinforcement is no longer motivating to the individual

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14

Episodic memory

series of events- contain details, emotions, and other information about own our past

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15

Semantic memory

basic knowledge we have about a concept- specific details, facts, and knowledge about the world

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16

Flashbulb memory

more detailed, engages 5 senses and emotions

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17

Retention

occurs with the successful storage of the new piece of information; success can be measured by the ability to retrieve the information for future use

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19

Brand personality factors

Sincerity, exciting, competent, sophisticated, rugged

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20

Consumer ethnocentrism

believing one’s own culture is the best

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21

Need for cognition

A consumer is not comfortable buying until they’ve discovered as much information as they can

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22

Need for uniqueness

Gravitating towards a product or brand that will make someone stand out

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23

Low self-monitor

Not prone to adjusting to cues/more consistent

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24

High self-monitor

picks up on cues and adjusts behavior accordingly

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25

Priming

a phenomenon in which exposure to a stimulus, such as words, images, or sounds, alters an individual’s response, without conscious awareness

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26

Nudging

coupons, discounts, limited time offers, loyalty reward systems

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27

Symbolic value

a collection of deeper meanings consumers attach to products

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28

Loss aversion

the tendency of individuals to dislike losses more than gains of an equivalent amount

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29

Diffusion

new innovations are accepted and spread throughout a group of consumers.

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30

Norm

a set of informal rules that a society imposes to guide individual behavior

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31

Custom

the norms of behavior that have been passed from generation to generation

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32

Default

a preselected option that a consumer makes without active thought or consideration

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33

Proximity

items that are close together are perceived to be more similar than items that are farther apart

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34

Observation

watch and record what customers do

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35

Saturation

integration into daily life

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36

Visualization

see patterns in the data that might be difficult to visualize by simply looking at the raw data

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37

Motivational research

a focus on the consumer’s desires and feelings

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38

Behavioral research

a focus on what consumers do

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39

Behavioral economics

proposes that an individual’s behavior is complex and is influenced by rational, emotional, contextual, and sociocultural factors

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40

Symbolic value

collection of deeper meanings consumers attach to products

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41

Narrowcasting

specifically designing a product or promotion

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42

Chunking

grouping together similar or meaningful pieces of information

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43

Procedural memory

how to do things

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44

Explicit memory

the intentional, conscious recollection of information

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