Ch. 12 Flashcards

1
Q

Attitudes (Opinions)

A

positive, neutral, or negative feelings a person has about different topics

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2
Q

Class Consciousness

A

extent to which a person desires and pursues social status

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3
Q

Cognitive Dissonance

A

doubt that occurs after a purchase is made, which can be alleviated by customer after-care, money-back guarantees, and realistic sales presentations and advertising campaigns

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4
Q

Consumer Behavior

A

the process by which people determine whether, what, when, where, how, from whom, and how often to purchase goods and services

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5
Q

Consumer Decision Process

A

stages a consumer goes through in buying a good or service: stimulus, problem awareness, information search, evaluation of alternatives, purchase, and post-purchase behavior. Demographics and lifestyle factors affect this decision process

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6
Q

Cross-Shopping

A

occurs when consumers shop for a product category through more than one retail format during the year or visit multiple retailers on one shopping trip

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7
Q

Culture

A

distinctive heritage shared by a group of people. It passes on beliefs, norms, and customs

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8
Q

Consumer Loyalty

A

exists when a person regularly patronizes a particular retailer (Store or nonstore) that he or she knowns, likes, and trusts

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9
Q

Demographics

A

objective, quantifiable, easily identifiable, and measurable population data

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10
Q

Discretionary Income

A

money left after paying taxes and buying necessities

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11
Q

Evaluation Of Alternatives

A

stage in the decision process where a consumer selects one good or service to buy from a list of alternatives

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12
Q

Extended Decision Making

A

occurs when a consumer makes full use of the decision process, usually for expensive, complex items with which the person has had little or no experience

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13
Q

Family Life Cycle

A

how a traditional family moves from bachelorhood to children to solitary retirement

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14
Q

Household Life Cycle

A

incorporates the life stages of both family and nonfamily households

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15
Q

Impulse Purchases

A

occur when consumers buy products and/or brands they had not planned to before entering a store, reading a catalog, seeing a tv shopping show, turning to the web, and so forth

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16
Q

Information Search

A

consists of two parts: determining alternatives to solve the problem at hand (and where they can be bought) and learning the characteristics of alternatives. It may be internal or external

17
Q

Lifestyles

A

ways that individual consumers and families (households) live and spend time and money

18
Q

Limited Decision Making

A

occurs when a consumer uses every step in the purchase process but does not spend a great deal of time on each of them

19
Q

Motives

A

reasons for consumer behavior

20
Q

Outshopping

A

when a person goes out of his or her hometown to shop

21
Q

Perceived Risk

A

level of risk a consumer believes exists regarding the purchase of a specific good or service from a given retailer, whether or not the belief is actually correct

22
Q

Personality

A

sum total of an individual’s traits, which make that individual unique

23
Q

Post-Purchase Behavior

A

further purchases or re-evaluation based on a purchase

24
Q

Problem Awareness

A

stage in the decision process at which the consumer not only had been aroused by social, commercial, and/or physical stimuli, but also recognizes that the good or service under consideration may solve a problem of shortage or unfulfilled desire

25
Purchase Act
exchange of money or a promise to pay the ownership or use of a good or service. Purchase variables include the place of purchase, terms, and availability of merchandise
26
Reference Groups
influence people’s thoughts and behavior. They may be classified as aspirational, membership, and dissociative
27
Routine Decision Making
takes place when a consumer buys out of habit and skips steps in the purchase process
28
Social Class
informal ranking of people based on income, occupation, education, and other factors
29
Stimulus
cue (social or commercial) or a drive (physical) meant to motivate or arouse a person to act