Ch 13 Vocab Flashcards
13-1 Evaluation of Alternatives: Criteria
The attributes that consumers consider when reviewing alternative solutions to a problem
Evaluative Criteria
13-1 Evaluation of Alternatives: Criteria
Performance Characteristic of an Object
Feature
13-1 Evaluation of Alternatives: Criteria
The perceived favorable results derived from a particular feature
Benefit
13-1 Evaluation of Alternatives: Criteria
The criteria that are most carefully considered and directly related to the actual choice that is made
Determinant Criteria
13-2 Value and Alternative Evaluation
The idea that consumers attempt to act rationally within their information-processing constraints
Bounded Rationality
13-2 Value and Alternative Evaluation
The evaluative process wherin consumers evaluate products based on the overall feeling that is evoked by the alternative
Affect Based Evaluation
13-2 Value and Alternative Evaluation
The evaluative process wherin alternatives are evaluated across a set of attributes that are considered relevant to the purchase situation
Attribute Based Evaluation
13-3 Product Categorization and Criteria Selection
The mental representations of stored knowledge about groups of products
Product Categories
13-3 Product Categorization and Criteria Selection
The attributes that are visually apparent and easily recognizable
Perceptual Attributes
13-3 Product Categorization and Criteria Selection
The attributes that are not readily apparent and can be learned only through experience or contact with the product
Underlying Attributes
13-3 Product Categorization and Criteria Selection
The attribute that consumers use to infer something about another attribute
Signal
13-3 Product Categorization and Criteria Selection
The mental assessments of the presence of attributes and the benefits associated with those attributes
Judgements
13-3 Product Categorization and Criteria Selection
The perceived relationship between product features
Attribute Correlation
13-3 Product Categorization and Criteria Selection
The technique used to develop an understanding of the attributes that guide consumer preferences by having consumers compare product preferences across varying levels of evaluative criteria and expected utility
Conjoint Analysis
13-4 Consumer Choice: Decision Rules
The decision rule that allows consumers to select products that may perform poorly on one attribute by compensating for the poor performance by the good performance on another attribute
Compensatory Rules