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Week 4
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Outlet Selection
The process of choosing where to buy a product or service (store, website, or app).
Purchase Decision
The final stage where the consumer completes the transaction.
Retail Factors
External factors that influence store choice such as price, location, and atmosphere.
Location and Convenience
How easy it is to access a store; closer and easier options are preferred.
Price and Promotions
Discounts and deals that make a store more attractive to consumers.
Product Availability
The extent to which products are in stock and offered in variety.
Store Atmosphere
The physical or digital environment that influences consumer mood and perception.
Brand Reputation
The level of trust and credibility a consumer associates with a store.
Perceived Risk
The uncertainty or potential negative outcome a consumer feels when making a purchase.
Shopping Orientation
A consumer’s approach to shopping, either task-focused or experience-focused.
Task-Oriented Shopping
Shopping focused on efficiency and completing a purchase quickly.
Experience-Oriented Shopping
Shopping focused on enjoyment, browsing, and discovery.
Omni-Channel Retailing
A strategy where consumers use multiple channels (online, mobile, in-store) before purchasing.
Webrooming
Researching products online and buying in-store.
Showrooming
Viewing products in-store and purchasing online.
Point-of-Purchase Materials
In-store displays and signage that influence buying decisions.
Price Promotions
Coupons, discounts, and bundle deals used to encourage purchases.
Stockouts
When products are unavailable, causing consumers to switch brands or stores.
Website Functionality
The ease of using a website, including navigation and checkout.
Sales Personnel
Staff or online assistants who influence consumer purchase decisions.
Outlet Image
The overall perception of a store based on functional and emotional attributes.
Retailer Brands
Products developed and sold under a retailer’s own brand name.
Retail Location
The distance and accessibility of a store, influencing store choice.
Retail Size
Larger stores are often preferred due to greater variety and options.
Post-Purchase Behaviour
Consumer reactions after purchase, including satisfaction or dissatisfaction.
Customer Satisfaction
The extent to which a product meets or exceeds expectations.
Expectation
The standard or benchmark a consumer compares product performance against.
Cognitive Dissonance
Post-purchase doubt or anxiety about whether the right choice was made.
High Involvement Purchase
A purchase that is expensive, risky, or important, leading to more evaluation.
Product Use
The way a consumer uses a product, influencing satisfaction and future behaviour.
Positive Post-Purchase Outcomes
Repeat purchases, loyalty, and positive word of mouth.
Negative Post-Purchase Outcomes
Returns, complaints, and negative word of mouth.
Customer Loyalty
A commitment to repurchase a brand over time.
Customer Commitment
A deeper emotional connection to a brand leading to long-term loyalty.
Word of Mouth
Information shared between consumers about products or brands.
Customer Support
Services provided after purchase to help customers and resolve issues.
Loyalty Programs
Reward systems that encourage repeat purchases.
Personalisation
Tailoring products or experiences to individual consumer preferences.
Easy Returns
A policy that reduces risk and increases trust by allowing simple returns.
Awareness Set
The group of stores a consumer considers when making a purchase decision.
Evoked Set
Stores the consumer actively considers.
Inert Set
Stores the consumer feels neutral about.
Inept Set
Stores the consumer avoids.
Marketing Goal in Retail
To move a store into the consumer’s evoked set.
Subscription Economy
A model where consumers pay regularly for ongoing access to products or services.
Subscription Benefits
Convenience, ongoing relationship, and predictable revenue.
Situational Influence
External factors at a specific time and place that affect consumer behaviour.
Store Atmospherics
Elements like lighting, music, and layout that shape the shopping experience.
Purchase Triggers
Factors such as promotions or urgency that push consumers to buy.
Omni-Channel Shopper
A consumer who uses multiple channels before making a purchase.
Customer Experience
The overall interaction a consumer has with a brand across all touchpoints.
Brand Advocacy
When satisfied customers actively promote a brand to others.