Ch. 12 Flashcards
Attitudes (Opinions)
positive, neutral, or negative feelings a person has about different topics
Class Consciousness
extent to which a person desires and pursues social status
Cognitive Dissonance
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
Consumer Behavior
the process by which people determine whether, what, when, where, how, from whom, and how often to purchase goods and services
Consumer Decision Process
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
Cross-Shopping
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
Culture
distinctive heritage shared by a group of people. It passes on beliefs, norms, and customs
Consumer Loyalty
exists when a person regularly patronizes a particular retailer (Store or nonstore) that he or she knowns, likes, and trusts
Demographics
objective, quantifiable, easily identifiable, and measurable population data
Discretionary Income
money left after paying taxes and buying necessities
Evaluation Of Alternatives
stage in the decision process where a consumer selects one good or service to buy from a list of alternatives
Extended Decision Making
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
Family Life Cycle
how a traditional family moves from bachelorhood to children to solitary retirement
Household Life Cycle
incorporates the life stages of both family and nonfamily households
Impulse Purchases
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
Information Search
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
Lifestyles
ways that individual consumers and families (households) live and spend time and money
Limited Decision Making
occurs when a consumer uses every step in the purchase process but does not spend a great deal of time on each of them
Motives
reasons for consumer behavior
Outshopping
when a person goes out of his or her hometown to shop
Perceived Risk
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
Personality
sum total of an individual’s traits, which make that individual unique
Post-Purchase Behavior
further purchases or re-evaluation based on a purchase
Problem Awareness
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