Chapter 5 Flashcards

1
Q

Consumer buyer behaviour

A

The buying behavior of final consumers individuals and households that buy goods and services for personal consumption

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2
Q

Consumer market

A

All the individuals and households that buy or acquire goods and services for personal consumption.

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3
Q

Buyers black box

A

Consists of the buyer´s characteristics and the buyer´s decisions process.

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4
Q

Culture

A

The set of basic values, perceptions, wants, and behaviours learned by a member of society from family and other important institutions.

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5
Q

Subculture

A

A group of people with shared value systems based on common life experiences and situations.

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6
Q

Total market strategy

A

Integrating ethnic themes and cross-cultural perspectives within a brand’s mainstream marketing, appealing to consumer similarities across subcultural segments rather than differeces

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7
Q

Social class

A

Relatively permanent and ordered division in a society whose members share similar values, interest, and behaviours.

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8
Q

Group

A

Two or more people who interact to accomplish individual or mutual goals.

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9
Q

Word-of-mouth influence

A

The impact of the personal words ad recommendations of trusted friends, family, associates. an other consumers on buying behaviour.

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10
Q

Opinion leader

A

A person within a reference group who, because of special skills, knowledge, personality, or other characteristics, exerts social influence on others.

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11
Q

Online social networks

A

Online social communities - blogs, online, social media, brand communities, and other online forums - where people socialize or exchange information and opinions

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12
Q

Lifestyle

A

a person’s pattern of living as expressed in his or her activities, interest, and opinions.

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13
Q

Personality

A

The unique psychological characteristics that distinguish a person or group.

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14
Q

Factors influencing consumer behaviour: Cultural

A

Culture
Subculture
Social class

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15
Q

Factors influencing consumer behaviour: Social

A

Groups and social networks
Family
Roles and status

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16
Q

Factors influencing consumer behaviour: Personal

A
Age and lifecycle stage
Occupation
Economic situation
Lifestyle
Personality and self-concept
17
Q

Factors influencing consumer behaviour: Psychological

A

Motivation
Perception
Learning
Beliefs and attitudes

18
Q

Motive (Drive)

A

A need that is sufficiently pressing to direct the person to seek satisfaction of the need.

19
Q

Maslow pyramid

A

Abraham Maslow sought to explain why people are driven by particular needs at particular times.

20
Q

Maslow´s Hierarchy of needs

A

Self-actualization needs: The need to become the best version of yourself, self-development
Esteem needs: Recognizision (driving a BMW) status, self-esteem
Social needs: Sense of belonging, love (Friendships, Family)
Safety needs: Security, protection(Financial security, Heath and wellness)
Psychological: Hunger, Thirst (these include the things that are vital to our survival) (food)

21
Q

Perception

A

The process by which people select organize, and interpret information to form a meaningful picture of the world.

22
Q

Learning

A

Changes in an individual´s behaviour arising from experience

23
Q

Belief

A

a descriptive thought that a person holds about something

24
Q

Attitude

A

a person’s consistently favorable or unfavorable evaluations, feelings, and tendencies toward an object or idea

25
Q

Complex buying behavior

A

Consumer buying behavior in situations characterized by high consumer involvement in a purchase and significant perceived difference among brands

26
Q

Dissonance-reducing buying behavior

A

Consumers buying behavior in situations characterized by high involvement but few perceived differences among brands

27
Q

Habitual buying behavior

A

Consumers buying behavior in situations characterized by low consumer involvement and few significant perceived brand differences

28
Q

Variety-seeking buying behavior

A

Consumers buying behavior in situations characterized by low consumer involvement but significant perceived brand differences.

29
Q

The Buyer Decision Process

A
Need recognition
Information search
Evaluation of alternatives
Purchase decision
Postpurchase behavior
30
Q

Need recognition

A

The first stage of the buyer decision process, in which the consumer recognizes s problem or need.

31
Q

Information search

A

The stage of the buyer decision process in which the consumer is motivated to search for more information.

32
Q

Evaluation of alternatives

A

The stage of the buyer decision process in which the consumer uses information to evaluate alternatives brans in the choice set.

33
Q

Purchase decision

A

The buyer´s decision about which brand to purchase

34
Q

Postpurchase behavior

A

The stage of the buyer decision process in which the consumers take further action after purchase, based on their satisfaction.

35
Q

Cognitive dissonance

A

Buyers discomfort cause by postpurchase conflict.

36
Q

New product

A

A good, service, or idea that is perceived by some potential customers as new.

37
Q

Adoption process

A

The metal process through which an individual passes from the first hearing about an innovation to final adoption.

38
Q

Types of Buying Decision Behavior

A

Complex buying behavior
Dissonance-reducing buying behavior
Habitual buying behavior
Variety-seeking buying behavior