Chapter 1 Flashcards

2
Q

Primary Research

A

Research conducted to specifically address the research question in hand.Ex: surveys, focus groups, interviews

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3
Q

Consumer-generated Content

A

Consumers voice their opinions about products, brands, and companies on blogs, podcasts and social networking sites and film their own commercials that they post on websites.

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4
Q

Compulsive Consumption

A

Repetitive shopping, often excessive, done as an antidote to tension, anxiety, depression or boredom.

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5
Q

U-Commerce

A

The use of ubiquitous networks that enables real-time connections in business and consumption behaviour.

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6
Q

Business Ethics

A

The rules of conduct that guide actions in the marketplace.

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7
Q

Demographics

A

Statistics that measure observable aspects of the population.

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8
Q

Psychographics

A

The use of psychological, sociological, and anthropological factors to construct market segments.

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9
Q

Secondary Research

A

Research conducted by another party that can be utilized or applied to the research question in hand.

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10
Q

Consumer Behaviour

A

How individuals or groups select, purchase, use or dispose of products, services, ideas, or experiences to satisfy their needs and desires.

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11
Q

Social Marketing

A

The promotion of causes and ideas (social products). Ex. Kiva

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12
Q

Popular Culture

A

The music, movies, sports, books, celebrities, and other forms of entertainment consumed by the mass market.

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13
Q

Consumer Addiction

A

A psychological and/or psychological dependency of products or services.

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14
Q

Anticonsumption

A

Products and services are deliberately defaced and mutilated.

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15
Q

Consumer Theft

A

An example of shrinkage.

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16
Q

Relationship Marketing

A

Building and maintaining a bond with consumers over time.

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17
Q

How does consumer behaviour impact marketing strategy?

A
  • Marketing concept is all about understanding consumer needs- Data about consumers help marketers define the market- Aids marketers in identifying threats and opportunities to a brand
18
Q

Example of demographic statistics?

A

Age, gender, family structure, marital status, social class, income, ethnicity & geography

19
Q

Example of psychographics?

A

Activities, interests and opinions (AIO’s)

20
Q

How does pop culture have an effect on marketing?

A

Both an inspiration and an influence.Ex. social media, movies and product usage, spokes people.

21
Q

What is the real reason people buy products?

A

People often buy products not for what they do, but rather what they mean.I.e: convey an image/personality

22
Q

What is meant by the term “global consumer”

A

People united by common devotion to: brand names, movie stars, celebrities and leisure activities (for example)

23
Q

Virtual consumer

A

People who purchase goods online. 24/7 online shopping and highly accessible. Not just B2C and now C2C as well.

24
Q

Criticisms of marketing?

A

1) Marketers create artificial needs2) Advertising and marketing are unnecessaryOBVIOUSLY FALSE ^^

25
Q

Who controls the consumer market?

A

Consumers

26
Q

What levels of government protect consumer welfare?

A

Federal, provincial and municipal.Regulations help protect consumers from unfair business practices

27
Q

Examples of Consumer Activism in marketing?

A

Corporate Social Responsibility Cause -related marketingGreen marketingSocial marketing