Chapter 10 & 11 Flashcards
Issues related to purchase and post-purchase activities
This illustrates that many contextual factors affect our choices.
Antecedent states (time pressure, mood, shopping orientation)
-> Purchase environment (point of purchase stimuli, experience, sales interation)
-> Post-purchase process (Consumer satisfaction)
In-store decision making
Spontaneous shopping:
- Unplanned buying (it was not in the list) vs Impulse buying (more focus on emotions)
Point of purchase stimuli:
(a well design store can increase impulse for buying)
The social power of groups
The capacity to alter the actions of others:
- Referent power: I am fan of someone and try to copy her referent’s behavior.
- Legitimate power: power given by the law. eg. policeman
- Reward power: eg. teacher. She gives us points and marks.
- Information power: she knows something we would like to know.
- Expert power: expert in the field.
- Coercive power: opposite of reward power. A person with the ability to punish.
Type of reference groups
Some groups have more influence power than others:
- Cultural figure
- Parents and family
- Large, formal organization (we belong to HY uni since we pay tuitition)
- Small and informal groups (mates we make in the uni)
- Brand communities and consumer tribes. eg. BTS)
Brand communities and consumer tribes
- Brand community is a group of consumers, who share a set of social relationships based upon usage or interest in a product.
- Consumer tribes: they share emotions, moral beliefs, styles of life and affiliated products (eg. fountain pen users) pluma.
–> Internet and social media help both of them to be hot topics for marketers.
Conformity
A change in beliefs or actions as a reaction to group pressure.
Some are more vulnerable than others to this pressure.
Why do we conform?
- Cultural pressure
- Fear of deviance (individuals think the group apply sanctions to punish noncomforming behaviors)
- Commitment (the least committed has more power, since he does not care if others reject him)
- Susceptibility to interpersonal influence (person’s need to have others think highly of him/her)
Word of mouth (WOM)
product information transmitted by individuals directly to individuals.
- Most reliable, chepeast form of marketing.
- Use social pressure to facilitate conformity.
- Influences 2/3 of sales
- We rely upon WOM more in later stages of product adoption/ mature products.
- Especially powerful when we are unfamiliar with the product.
Negative WOM
negative WOM has more impact on us than positive WOM.
And we have more focus on avoiding the “negative” option.
Opinion leadership
- Opinion leader influence others attitudes and behaviors.
- They are good info sources because they:
- -may be expert
- -provide neutral/unbiased evaluation
- -are socially active and popular
- -are similar to the consumer.
- -are usually among the first to buy (i.e. “adopters” or “innovators”)
- -absorb risk.
Market maven
Market mavens actively involved in accumulating and diemination marketplace info of all types.
- -know how and where to get stuff.
- -may not actually buy products!
Surrogate consumers
is the marketing intermediary since coonsumers need help to make a decision making due to the big amount of variety.
Marketing implications
- BUZZ: noise of WOM. What is trend now?
- Influencers
- Viral marketing
- YouTube revolution