Chapter 6 Flashcards

1
Q

Consumer buyer behavior characteristics

A
Cultural
Social
Personal
Psychological
Buyer
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2
Q

Cultural

A

Culture - Learned from family, church, school, peers and colleagues. Deeply entrenched
Subculture - A group of people with shared value systems based on common life experiences (region, nationalities, religion, race)
Social class - divisions in society whose members share similar values interests and behaviors. (Combination of occupation, income, education, wealth, and other variables)

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3
Q

Social

A

Reference groups- Membership groups, word-of-mouth, reference/aspirational groups, opinion leaders
Family- Household “power-broker(s)”, Gender stereotypes change, children have strong influence
Roles and status- activities people are expected to perform, esteem given to role by society

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4
Q

Personal

A
Age and life cycle stage
Occupation
Economic situation
Lifestyle
Personality and self-concept- unique psychological characteristics that distinguish a person or group.
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5
Q

Psychological

A

Motivation - a need requiring satisfaction
Perception
Learning
Beliefs and attitudes

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6
Q

Maslow’s Hierarchy of needs (basic to last)

A
Physiological needs (hunger, thirst)
Safety needs
Social needs
Esteem needs
Self actualisation needs (self improvement and realization)
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7
Q

Buyer decision process

A
Need recognition
Information search
Evaluation of alternatives
Purchase decision
Post-purchase behavior
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8
Q

Cognitive dissonance

A

Discomfort caused by post-purchase conflict - thinking about the benefits of the brands not purchased and the drawbacks of the brand that was purchased

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9
Q

Buyer decision process for new products

A

Awareness- Becomes aware but lacks information
Interest- Seeks information about the product
Evaluation- Considers whether to try the product
Trial- Tries new product in small sample
Adoption- Decides to use product regularly

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10
Q

The adoption process

A
Innovators
Early adopters: opinion leaders
Early majority (early mainstream)
Late majority (late mainstream)
Lagging adopters
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11
Q

Characteristics influencing rate of adoption

A

Relative advantage (superior to existing products)
Compatibility (aligned with values and experience of the market)
Complexity (difficulty to understand)
Divisibility (limited basis and then integrated)
Communicability (benefits easily observed or described)

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12
Q

Business to business

A

Business demand is derived from consumer demand

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13
Q

Major types of buying situations in B2B

A

Straight rebuy
Modified rebuy
New task
Systems (solution selling)

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14
Q

Straight rebuy

A

Routine reorder without any modifications. Very few decisions made.

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15
Q

Modified rebuy

A

Order with modification

Change in product specifications, prices, terms or suppliers

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16
Q

New task

A

First time order of a product. A lot of decisions made. Marketers biggest opportunity to steal a client from competitor

17
Q

System (solution) selling

A

Buying a packaged solution to a problem from a single seller
Order includes all products and services from one supplier
Becoming the more common

18
Q

Buying center

A

Includes all individuals and units that participate in the purchase decision-making process