5. Consumer Markets and Buy Behavior Flashcards

1
Q

Culture (values, perceptions, wants, and behaviors)

A

The set of basic “values, perceptions, wants, and behaviors”/ learned by a member of society/ from family and other important institutions.

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2
Q

Subculture (group of people with shared value systems)

A

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

Subcultures include nationalities, religions, racial groups, and geographic regions.

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3
Q

Total market strategy (ethnic themes + cross-cultural perspectives)

A

“Integrating (hợp nhất) ethnic themes and cross-cultural perspectives” within a brand’s mainstream marketing, appealing to consumer similarities across subcultural segments rather than differences.

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4
Q

Social classes (permanent and ordered divisions)

A

Relatively “permanent and ordered divisions” in a society whose members “share similar values, interests, and behaviors”

Measured as a combination of occupation, income, education, wealth, and other variables

Marketers are interested in social class because people within a given social class tend to exhibit similar buying behavior. Social classes show distinct product and brand preferences in areas such as clothing, home furnishings, travel and leisure activity, financial services, and automobiles.

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5
Q

group (to accomplish individual or mutual goals)

A

Two or more people who “interact to accomplish individual or mutual goals”.

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6
Q

Membership groups (direct influence)

A

Groups that have a “direct influence and to which a person belongs”

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7
Q
Reference groups 
(direct/face-to-face interactions or indirect points of comparison or reference -> form a person’s attitudes or behavior)
People often are influenced by reference groups to which they do not belong.
A

serve as direct (face-to-face interactions) or (indirect points of comparison or reference) in “forming
a person’s attitudes or behavior”

People often are influenced by reference groups to which they do not belong.

Marketers try to identify the reference groups of their target markets. Reference groups expose a person to new behaviors and lifestyles, influence the person’s attitudes and self-concept, and create pressures to conform that may affect the person’s product and brand choices.

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8
Q

aspirational group (wishes to belong)

A

one to which the individual “wishes to belong”

For example, a young basketball player hopes to someday emulate basketball star LeBron James and play in the NBA.

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9
Q

Word-of-mouth influence (personal words and recommendations)

A

The impact of the personal words and recommendations of trusted friends, family, associates, and other consumers on buying behavior.

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10
Q

Opinion leader (within a reference group + social influence)

A

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

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11
Q

Online social networks

A

Online social communities—blogs, online social media, brand communities, and other online forums—where people socialize or exchange information and opinions.

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12
Q

3 social factors

A
1. groups and social networks
\+ group
\+ word-of-mouth influence
\+ opinion leader
\+ online social networks
  1. family (the most important consumer-buying organization in society)
  2. roles and status (A role consists of the activities people are expected to perform according to the people around them. Each role carries a status reflecting the general esteem given to it by society.)
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13
Q

Lifestyle (personal) (pattern of living )

A

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

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14
Q

Characteristics Affecting Consumer Behavior

A
  1. Cultural factors: culture, subculture, social class
  2. Social factors: groups and social networks, family, roles and status
  3. Personal factors: occupation, age and life stage, economic situation, lifestyle, personality and self-concept
  4. Psychological factors: motivation, perception, learning, belief and attitudes,
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15
Q

personality (personal) (unique psychological characteristics)

A

The unique psychological characteristics that distinguish a person or group.

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16
Q

motivation/motive/drive (need that is sufficiently pressing to direct the person)

A

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

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17
Q

Maslow’s Hierarchy of Need - most -> least pressing

A

physiological needs, safety needs, social needs, esteem needs, and self-actualization needs. (p. 172)

18
Q

Perception (select, organize, and interpret information -> meaningful picture)

A

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

19
Q

Selective attention (screen out (lọc bỏ) most of the information)

A

the tendency for people to screen out most of the information to which they are exposed.
(pay attention to messages addressing a need or interest / consistent with the consumer’s attitudes, opinions, and beliefs)

20
Q

Selective distortion (interpret -> support what they believe)

A

the tendency for people to interpret information in a way that will support what they already believe.

21
Q

Selective retention (remember good points made about a brand they favor)

A

the tendency to remember good points made about a brand they favor and forget good points made about competing brands.

22
Q

Learning (change in an individual’s behavior)

A

the change in an individual’s behavior arising from experience

23
Q

Belief (descriptive thought)

A

A descriptive thought that a person holds about something.

24
Q

Attitude (consistently favorable or unfavorable evaluations, feelings, and tendencies)

A

A person’s consistently favorable or unfavorable evaluations, feelings, and tendencies toward an object or idea.

25
Q

4 Types of Buying Decision Behavior

A

“Complex” buying behavior
“Dissonance-reducing” buying behavior
“Habitual” buying behavior
“Variety-seeking” buying behavior

26
Q

Complex buying behavior (buying cars)

high involvement
high difference

A

Consumer buying behavior in situations characterized by high consumer involvement in a purchase and significant perceived differences among brands.

This buyer will pass through a learning process: beliefs -> attitudes -> thoughtful purchase choice.
Marketers must understand the information-gathering and evaluation behavior of high-involvement customers.
-> need to “differentiate their brand’s features” (describing and illustrating the brand’s benefits through printed promotional materials or in-depth online information and videos)

27
Q

Dissonance-reducing buying behavior (carpeting: thảm)

high involvement
low difference

A

Consumer buying behavior in situations characterized by high involvement but few perceived differences among brands.

purchase -> post-purchase dissonance (after-sale discomfort) (notice certain disadvantages of the purchased carpet brand or hear favorable things about brands not purchased)
-> should provide “evidence and support” to help consumers feel good about their brand choices.

28
Q

Habitual buying behavior (flour, oatmeal)

low involvement
low difference

A

Consumer buying behavior in situations characterized by low consumer involvement and few significant perceived brand differences.
-> use price and sales “promotions”/ can add features or enhancements to differentiate

29
Q

Variety-seeking buying behavior (cookies)

low involvement
high difference

A

Consumer buying behavior in situations characterized by low consumer involvement but significant perceived
brand differences. (brand switching due to variety, not due to dissatisfaction)
-> dominating shelf space, keeping shelves fully stocked, and running frequent reminder advertising.
-> offering lower prices, special deals, coupons, free samples, and advertising that presents reasons for trying some thing new.

30
Q

the buyer decision process consists of 5 stages

A
  1. need recognition
  2. information search
  3. evaluation of alternatives
  4. the purchase decision
  5. *post-purchase behavior.
31
Q
  1. Need recognition
A

the first stage of the buyer decision process, in which the consumer recognizes a problem or need triggered by:
+ Internal stimuli: one of the person’s normal
needs—for example, hunger or thirst—rises to a level high enough to become a drive.
+ External stimuli: because of an advertisement or a discussion with a friend, etc. -> find out what kinds of needs or problems arise, what brought them about, and how they led the consumer to this particular product.

32
Q
  1. information search
A

The stage of the buyer decision process in which the consumer is motivated to search for more information.

33
Q

4 Sources of information

A
  1. Personal sources: family, friends, neighbors, acquaintances (the most effective)
  2. Commercial sources: advertising, salespeople, dealer and manufacturer web and mobile sites, packaging, displays
  3. Public sources: mass media, consumer rating organizations, social media, online searches and peer reviews
  4. Experiential sources: examining and using the product
34
Q
  1. Alternative evaluation
A

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

35
Q
  1. purchase decision
A

The buyer’s decision about which brand to purchase.

36
Q
  1. Post-purchase behavior
A

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

37
Q

*Cognitive dissonance (buyer discomfort)

A

Buyer discomfort caused by post-purchase conflict.
(consumers feel uneasy about acquiring the drawbacks of the chosen brand + losing the benefits of the brands not purchased -> at least some post-purchase dissonance/purchase -> should work to alleviate the discomfort by reinforcing the benefits of the chosen brand.)

38
Q

New product (perceived by some potential customers as new)

A

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

39
Q

adoption process (first hearing about an innovation -> final adoption)

A

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

40
Q

5 stages in the process of adopting a new product

A
  1. Awareness: The consumer becomes aware of the new product but lacks information about it.
  2. Interest: The consumer seeks information about the new product.
  3. Evaluation: The consumer considers whether trying the new product makes sense.
  4. Trial: The consumer tries the new product on a small scale to improve his or her estimate of its value.
  5. Adoption: The consumer decides to make full and regular use of the new product.
41
Q

Individual Differences in Innovativeness

  1. INNOVATOR: venturesome, risk
  2. EARLY ADOPTER: respect, early but carefully
  3. EARLY MAINSTREAM: deliberate (có chủ ý), adopt new ideas before the average
  4. LATE MAINSTREAM: skeptical (hoài nghi), after a majority of pp have tried
  5. LAGGING ADOPTER: tradition, suspicious
A
  1. Innovators: venturesome—try new ideas at some risk.
  2. Early Adopters: guided by respect—opinion leaders in their communities and adopt new ideas early but carefully.
  3. Early Mainstream: deliberate—although they rarely are leaders, they adopt new ideas before the average person.
  4. Late Mainstream: skeptical—they adopt an innovation only after a majority of people have tried it.
  5. Lagging Adopters: tradition bound—they are suspicious of changes and adopt the innovation only when it has become something of a tradition itself.
42
Q

5 characteristics are especially important in influencing an innovation’s rate of adoption.

A
  1. Relative advantage: innovation appears “superior” to existing products.
  2. Compatibility is: innovation fits the values and experiences of potential consumers.
  3. Complexity: innovation is difficult to understand or use.
  4. Divisibility: innovation may be “tried on a limited basis.”
  5. Communicability: innovation can be “observed or described to others.”