MKTG 409, FOM 9ED, TB, CH. 6, CONSUMER BUYING POWER, FALL 22 .docx

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Consumer Buying Behavior

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Marketing

81 Terms

1

Consumer Buying Behavior

Understanding why and how consumers make purchasing decisions to predict responses to marketing strategies.

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2

Ultimate Consumers

Purchasers who buy products for personal or household use, not for business purposes.

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3

Consumer Buying Decision Process

The stages include problem recognition, information search, evaluation of alternatives, purchase, and post-purchase evaluation.

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4

Problem Recognition

When a consumer becomes aware of a difference between a desired state and an actual condition.

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5

Internal Search

Stage in the consumer buying decision process where the buyer retrieves information from memory about potential solutions to a problem.

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6

Problem Recognition

Stage in the consumer buying decision process where the consumer becomes aware of a need for a product.

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7

Information Search

Involves internal and external searches for information about products to resolve a problem.

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8

Internal Search

Initial search stage in the consumer buying decision process where the buyer retrieves information from memory.

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9

Consideration Set

Group of brands viewed as possible alternatives by a buyer during the information search stage.

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10

Purchase

Stage in the consumer buying decision process where the consumer decides from which seller to buy the product.

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11

Consideration Set

Set of brands a buyer considers during the evaluation of alternatives stage.

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12

Consideration Set

Brands a buyer evaluates during the consumer buying decision process.

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13

Evoked Set

Group of brands considered as alternatives for purchase by a consumer.

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14

Evaluative Criteria

Objective and subjective standards used to assess brands within the consideration set.

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15

Evaluative Criteria

Attributes a buyer considers important when evaluating brands within the consideration set.

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16

Marketer-Dominated Sources

Information sources controlled by marketers like salespeople, advertising, packaging, and displays.

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17

Framing

Describing product alternatives and attributes in a way that influences consumer evaluations.

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18

Framing

Influences the decision process of inexperienced buyers during the evaluation of alternatives stage.

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19

Purchase

Stage in the consumer buying decision process where the consumer decides on the brand and seller.

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20

Postpurchase Evaluation

Stage where doubts about the purchase decision may arise, leading to cognitive dissonance.

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21

Cognitive Dissonance

Doubts about a purchase decision that may occur after buying a product.

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22

Cognitive Dissonance

Doubts arising post-purchase, questioning the correctness of the purchase decision.

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23

Influences on Consumer Buying

Categories include situational, social, and psychological influences.

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24

Level of Involvement

Importance and intensity of interest in a product in a particular situation.

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25

Level of Involvement

Determining factor based on interest and importance of a product for an individual.

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26

Enduring Involvement

Intense interest affecting the purchase decision, as seen in Charles and Melody's search for a health club.

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27

Situational Involvement

Influence on purchase decisions based on specific circumstances, as seen in Clarissa's luggage purchase.

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28

Consumer Decision Making

Types include limited problem solving, extended problem solving, and routinized response behavior.

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29

Routinized Response Behavior

Purchase process characterized by habitual buying behavior, like Brandon buying his favorite energy drink.

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30

Routinized Response Behavior

Decision-making process likely used for routine purchases like toothpaste.

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31

Extended Decision Making

Used for significant purchases like a new suit, while limited decision making is for less critical purchases like bed sheets.

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32

Routinized Response Behavior

Buying frequently purchased, low-cost items that need little search effort.

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33

Limited Decision Making

Occurs when a consumer purchases products occasionally or needs information about an unfamiliar brand in a familiar product category.

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34

Extended Decision Making

The most complex decision-making behavior, which comes into play when a purchase involves unfamiliar, expensive, or infrequently bought products.

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35

Selective Exposure

Admitting only certain inputs into consciousness.

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36

Perception

The process of selecting, organizing, and interpreting sensations received through the sense organs.

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37

Selective Retention

Remembering inputs that support personal feelings and beliefs and forgetting those that do not.

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38

Perceptual Organization

The assignment of meaning to organized information inputs.

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39

Closure

Mentally filling in missing elements in a pattern or statement during perceptual organization.

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40

Motivation

Buyers' actions are affected by internal energizing forces geared toward satisfying needs, known as motives.

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41

Selective retention

Consumers tend to remember information inputs that support their feelings and beliefs and forget inputs that do not.

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42

Interpretation

Inputs that reach awareness are organized to produce meaning, and this meaning is interpreted in light of what is familiar to the individual.

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43

Maslow's hierarchy of needs

Refers to the five levels of needs that humans seek to satisfy, from most to least basic to survival.

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44

Attitude

One's evaluation, feelings, and behavioral tendencies toward an object or idea.

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45

Patronage motives

Psychological influences that determine where a person purchases products on a regular basis.

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46

Learning

The changes in thought processes and behavior caused by new information.

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47

Attitude scale

A means of measuring consumer attitudes by gauging the intensity of individuals’ reactions to adjectives, phrases, or sentences about an object.

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48

Social influences

The forces that other people exert on one's buying behavior.

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49

Reference group

A group whose values, attitudes, or behaviors are adopted by an individual.

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50

Reference Group Influence

Product for which purchasing and brand decisions are strongly influenced by reference groups.

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51

Digital Influences

Online review sites and social networks reduce risk in trying an unknown product by providing information from others.

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52

Word-of-Mouth Referrals

Digital influences have largely replaced word-of-mouth referrals from neighbors, coworkers, and friends.

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53

Opinion Leader Effectiveness

An opinion leader is likely to be most effective when the follower has values and attitudes similar to the opinion leader.

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54

Social Class

A social class is an open aggregate of people with similar social ranking.

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55

Subculture

An open aggregate of people with similar social ranking is referred to as a subculture.

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56

Social Class Grouping

Factors like occupation, education, income, and possessions are used to group people into social classes.

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57

Subculture Division

A culture can be divided into subcultures based on geographic regions or human characteristics like age or ethnic background.

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58

Subcultural Influence

Subculture influences consumer buying decisions, such as Jewish people consuming a majority of bagels in New York City.

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59

Consumer Misbehavior

Shoplifting is an example of consumer misbehavior.

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60

Consumer Fraud

Purposeful actions to take advantage of or harm others during a transaction are best described as consumer fraud.

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61

Limited Decision Making

Kate's decision-making process for selecting an auto repair shop is an example of limited decision making.

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62

Subcultures

Different groups within a society that share common values, customs, and behaviors, such as Hispanic families targeted by Toyota.

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63

Evaluation of alternatives

The phase in the consumer buying process where individuals compare different options based on criteria like gas mileage, as seen with Alicia and Carlos.

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64

High; low

Varying levels of involvement in buying behavior, like high involvement in purchasing cars and low involvement in shopping for groceries.

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65

Situational influences

External factors affecting the consumer buying decision process, such as fatigue impacting decision-making.

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66

Selective distortion

A psychological influence where consumers twist or change information to fit their personal beliefs, as seen in Tierra's perception of Apple.

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67

Consumer misbehavior

Behavior credit card companies aim to prevent, like fraudulent purchases or stolen cards, through monitoring.

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68

Problem recognition; information search

Stages in the traditional consumer buying decision process, where recognizing the need for a new car leads to seeking information.

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69

Extended problem-solving behavior

Behavior exhibited by high involvement purchases like choosing a college or buying a first home.

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70

Social needs

According to Maslow's hierarchy, the need for love and affection falls under this category of human needs.

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71

Tangible items; intangible items

Components of culture that marketers must understand, including physical items like clothing and intangible aspects like social customs.

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72

Consumer misbehavior

Lisa sharing her family's Netflix subscription with friends, costing the electronics and entertainment industries over $50 billion annually.

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73

Enduring; situational involvement

Caleb's deep interest in football compared to Shang's temporary excitement during the Super Bowl.

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74

Limited decision making

Kaitlyn's likely decision-making process when considering purchasing an ice tea maker from Teavana.

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75

Information search

The stage in the consumer buying decision process that comes after problem recognition.

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76

External information search; evaluation of alternatives

Sonya seeking advice from a friend when buying a car and weighing the benefits of different vehicles.

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77

Postpurchase evaluation

Cognitive dissonance is most likely to occur during this part of the decision-making process.

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78

Selective retention

Alberto's confidence in Chipotle's safety measures despite past incidents of E. coli outbreaks.

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79

Social surroundings

Nicole being influenced by the presence of loud children at a restaurant despite other positive aspects.

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80

Patronage motives

Samson's frequent visits to REI due to its product selection, staff friendliness, and environmental activism.

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81

Dissociative reference group; aspirational reference group

Anna's negative view of jocks and admiration for those embracing the Gothic lifestyle.

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