Ch. 5 Consumer Decision Making Flashcards

1
Q

Consumer Behaviour

A

how consumers make purchase decisions and how they use and dispose of purchased goods or services; also includes the factors that influence purchase decisions and product use

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2
Q

Consumer Decision-making Process

A

a five-step process used by consumers when buying goods or services

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3
Q

Need Recognition

A

the result of an imbalance between actual and desired states

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4
Q

Stimulus

A

any unit of input affecting one or more of the five senses: sight, smell, taste, touch, hearing

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5
Q

Want

A

a particular product or service that will satisfy a need

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6
Q

Internal Information Search

A

the process of recalling information stored in one’s memory

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7
Q

External Information Search

A

the process of seeking information in the outside environment

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8
Q

Nonmarketing-controlled Information Source

A

a product information source that doesn’t originate from the company(ies) making the product

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9
Q

Marketing-controlled Information Source

A

a product information source that originates with marketers promoting the product

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10
Q

Evoked Set (consideration set)

A

a group of the most preferred alternatives resulting from an information search, which a buyer can further evaluate to make a final choice

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11
Q

Decision Confirmation

A

the reaffirmation of the wisdom of the decision a consumer has made

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12
Q

Cognitive Dissonance

A

the inner tension that a consumer experiences after recognizing an inconsistency between behaviour and values or opinions

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13
Q

Involvement

A

the amount of time and effort a buyer invests in the search, evaluation, and decision processes of consumer behaviour

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14
Q

Routine Response Behaviour

A

the type of decision making exhibited by consumers buying frequently purchased, low-cost goods and services; requires little search and decision time

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15
Q

Limited Decision Making

A

the type of decision making that requires a moderate amount of time for gathering information and deliberating about an unfamiliar brand in a familiar product category

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16
Q

Extensive Decision Making

A

the most complex type of consumer decision making, used when considering the purchase of an unfamiliar, expensive product or an infrequently purchased item; requires the use of several criteria for evaluating options and more time for seeking information

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17
Q

Culture

A

the set of values, norms, attitudes, and other meaningful symbols that shape human behaviour and the artifacts, or products, of that behaviour as they are transmitted from one generation to the next

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18
Q

Value

A

the enduring belief shared by a society that a specific mode of conduct is personally or socially preferable to another mode of conduct

19
Q

Subculture

A

a homogeneous group of people who share elements of the overall culture and also have their own unique cultural elements

20
Q

Social Class

A

a group of people who are considered nearly equal in status or community esteem, who regularly socialize among themselves both formally and informally, and who share behavioural norms

21
Q

Reference Group

A

a group in society that influences an individual’s purchasing behaviour

22
Q

Primary Membership Groups

A

groups with which individuals interact regularly in an informal, face-to-face manner

23
Q

Secondary memberships Groups

A

groups with which individuals interact less consistently and more formally than with primary membership groups

24
Q

Aspirational Reference Groups

A

groups that an individual would like to join

25
Q

Norms

A

the values and attitudes deemed acceptable by a group

26
Q

Nonaspirational Reference Groups (dissociative groups)

A

groups that influence our behaviour because we try to maintain distance from them

27
Q

Opinion Leader

A

an individual who influences the opinions of others

28
Q

Socialization Process

A

the passing down of cultural values and norms to children

29
Q

Personality

A

a way of organizing and grouping the consistency of an individual’s reactions to situations

30
Q

Self-concept

A

how consumers perceive themselves in terms of attitudes, perceptions, beliefs, and self-evaluations

31
Q

Ideal Self-image

A

the way an individual would like to be

32
Q

Real Self-image

A

the way an individual actually perceives themself to be

33
Q

Lifestyle

A

a mode of living as identified by a person’s activities, interests, and opinions

34
Q

Psychological Factors

A

tools that consumers use to interact with their world, recognize their feelings, gather and analyze information, formulate thoughts and opinions, and take action

35
Q

Perception

A

the process by which people select, organize, and interpret stimuli into a meaningful and coherent picture

36
Q

Selective Exposure

A

the process whereby a consumer decides which stimuli to notice and which to ignore

37
Q

Selective Distortion

A

a process whereby consumers change or distort information that conflicts with their feelings or beliefs

38
Q

Selective Retention

A

a process whereby consumers remember only information that supports their personal feelings or beliefs

39
Q

Motives

A

driving forces that cause a person to take action to satisfy specific needs

40
Q

Maslow’s Hierarchy of Needs

A

a method of classifying human needs into five categories in ascending order of importance: physiological, safety, social, esteem, and self-actualization

41
Q

Learning

A

a process that creates changes in behaviour, immediate or expected, through experience and practice

42
Q

Belief

A

an organized pattern of knowledge that an individual holds as true about their world

43
Q

Attitude

A

a learned tendency to respond consistently toward a given object