Chapter 1 Flashcards

Introduction to Consumer Behaviour

1
Q

What is consumer behavior?

A

The study of the processes involved when individuals or groups select, acquire, use/consume, and dispose of products, services ideas, or experiences to satisfy their needs and desires.

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2
Q

Buyer behaviour

A

Focusses on the moment of purchase

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3
Q

Consumer behaviour

A

Explore consumption as an ongoing process

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4
Q

The dark side of consumer behaviour

A
  • compulsive buying
  • shoplifting
  • piracy
  • compulsive or addictive consumption
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5
Q

Deviant consumer behaviour

A

Psychological abnormality or illegal behaviour: including Aunt acquisition behavior, and deviant usage behaviour.

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6
Q

Psychological deviant acquisition behaviour

A

Compulsive buying

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7
Q

Psychological abnormality, deviant usage behaviour

A

Addictive consumption: smoking, drugs, alcohol.
Compulsive consumption: compulsive gambling, binge eating.

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8
Q

Illegal behaviour and acquisition behaviour

A

Consumer, theft, and black markets

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9
Q

Illegal behaviour and deviant usage behaviour

A

Underage drinking, underage smoking, drug use.

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10
Q

What is compulsive buying also known as

A
  • shopping addiction
  • pathological buying
  • the urge to shop
  • compulsive buying-shopping disorder (CBSD)
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11
Q

What are traits of compulsive buying?

A
  • chronic lack of restriction for excessive and repeated browsing and shopping or purchasing of items
  • maladaptive preoccupations
  • urges and craving for buying and shopping online or off-line
  • significant distress caused by the buying preoccupations which interfere with social or occupational functioning
  • often result in severe financial problems
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12
Q

Wicked Problems

A

Stopping a shopping addiction could lead to the person developing a (possibly worse) other addiction.

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13
Q

What does shoplifting do to the market?

A
  • retailers lose about 0.8% of merchandise due to shoplifting
  • consumers blow due to raised prices to cover shrinkage
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14
Q

Reasons for shoplifting

A
  • real needs (can’t afford food)
  • greed
  • embarrassment (fungus creams, condoms)
  • ability to rationalize/not think of themselves as thieves
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15
Q

What is financial infidelity?

A

When one of the people in a relationship/marriage is not honest about what is happening in their joint financial lives.

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16
Q

What is the main conflict of marketing ethics?

A

Conflict between succeeding in the marketplace and maximizing consumer welfare.

17
Q

Sources of marketing information

A
  • tracking purchases
  • applications
  • marketing research
  • public domain information
18
Q

What are some customer responses to marketing practises that may invade on their privacy?

A
  • uncomfortable
  • complaints
  • lack of trust
  • data having errors
19
Q

What is deceptive advertising?

A

Making incorrect claims or making claims that are not substantiated.
- using the word in relation to the price of a product if a significant price reduction has not occurred.
- etc.

20
Q

Social marketing

A

Using marketing techniques to encourage positive behaviours and discourage bad ones.
- SGI: Be a good wingman

21
Q

Transformative consumer research (TCR)

A

Consumer researchers, attempting to study and rectify, pressing problems in the marketplace and working with vulnerable populations.

22
Q

Corporate social responsibility (CSR)

A

Firms voluntarily choose to protect or enhance their positive social and environmental impacts

23
Q

Cause-related marketing

A

Firm donations to charity as purchased incentives

24
Q

Green marketing

A

Firms offer products in ways that are less harmful to the environment and position their brand on sustainable attributes.

25
Q

The elevated marketing concept

A

Marketing must be elevated to a higher level of consciousness that grows beyond solving small and immediate problems to addressing long-term large problems that goes beyond individual, customer satisfaction, and short term financial performance.

26
Q

Interdisciplinary research

A
  • focuses on micro consumer behaviour (individual focus) to macro consumer behaviour (social focus)
  • this includes: neuroscience, psychology, human ecology, micro economics, social, psychology, sociology, macro, economics, literary criticism, demography, history, and cultural anthropology.
27
Q

Models of consumers

A
  • economic view
  • passive view
  • cognitive view
  • emotional view
28
Q

The economic view of consumers

A
  • consumers are limited by their skills, habits, values, goals, and the extent of their knowledge
  • consumers will generally settle for a satisfactory decision (good enough)
29
Q

The passive view of consumers

A
  • consumers are submissive to the self serving interest and promotional efforts of marketers
  • a critique is that consumers play equal or even dominate in many buying situations, as they seek information about alternative products
30
Q

The cognitive view of consumers

A
  • consumers as thinking problem solvers
  • consumers are receptive to or actively searching for products and services that meet their needs
  • information processing leads to preferences and purchase intentions, information seeking when a satisfactory decision can be made
31
Q

The emotional view of consumers

A
  • deep feelings of emotions like joy, fear, love, hope, fantasy, and magic as associated with certain purchases/possessions
  • possessions can preserve the sense of the past
32
Q

Consumer activism

A
  • individual resistance to unethical marketing (avoid purchasing & word-of mouth)
  • boycott initiated by individuals or small groups (companies held cannibal gain publicity, hurt the company financially)
  • advocacy groups (campaigns)