Chapter 6: Consumer Decision Making Flashcards

1
Q

Consumer behaviour

A

How consumers make purchase decisions, and how they use and dispose of purchased goods or services; also includes the factors that influence purchase decisions and product use.

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2
Q

Consumer decision-making process

A

A five-step process used by consumers when buying goods and services. Need recognition, information search, evaluation of alternatives, purchase, post purchase behaviour.

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3
Q

Need recognition

A

The result of an imbalance between actual and desired states.

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4
Q

Stimulus

A

Any unit of input affecting one or more of the five senses: sight, smell, taste, touch, hearing.

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5
Q

Engineered demand

A

Where firms, led by marketers, develop a marketable need not yet known by the consumer.

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6
Q

Need

A

A state of being where we desire something that we do not possess but yearn to acquire.

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7
Q

Internal information search

A

The process of recalling information stored in one’s memory.

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8
Q

External information search

A

The process of seeking information in the outside environment.

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9
Q

Nonmarketing-controlled information source

A

A product information source not associated with advertising or promotion.

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10
Q

Marketing-controlled information source

A

A product information source that originates with marketers promoting the product.

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11
Q

Consumer-to-consumer (C2C) reviews

A

Consumers’ reviews of products on the vendors’ sites where the products were purchased.

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12
Q

Platform

A

A business model, usually digital, where producers and buyers exchange value.

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13
Q

Evoked set (consideration set)

A

A group of the most preferred alternatives resulting from an information search, which a buyer can further evaluate to make a final choice.

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14
Q

Decision confirmation

A

The reaffirmation of the wisdom of the decision a consumer has made.

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15
Q

Cognitive dissonance

A

The inner tension that a consumer experiences after recognizing an inconsistency between behaviour and values or opinions.

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16
Q

Involvement

A

The amount of time and effort a buyer invests in the search, evaluation, and decision processes of consumer behaviour.

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17
Q

Routine response behaviour

A

The type of decision making exhibited by consumers buying frequently purchased, low-cost goods and services; requires little search and decision time.

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18
Q

Limited decision making

A

The type of decision making that requires a moderate amount of time for gathering information and deliberating about an unfamiliar brand in a familiar product category.

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19
Q

Extensive decision making

A

The most complex type of consumer decision making, used when considering the purchase of an unfamiliar, expensive product or an infrequently purchased item; requires the use of several criteria for evaluating options and much time for seeking information.

20
Q

Culture

A

The set of values, norms, attitudes, and other meaningful symbols that shape human behaviour and the artifacts, or products, of that behaviour as they are transmitted from one generation to the next.

21
Q

Value

A

The enduring belief shared by a society that a specific mode of conduct is personally or socially preferable to another mode of conduct.

22
Q

Subculture

A

A homogeneous group of people who share elements of the overall culture and also have their own unique cultural elements.

23
Q

Social class

A

A group of people who are considered nearly equal in status or community esteem, who regularly socialize among themselves both formally and informally, and who share behavioural norms.

24
Q

Reference group

A

A group in society that influences an individual’s purchasing behaviour.

25
Q

Primary membership groups

A

Groups with which individuals interact regularly in an informal, face-to-face manner.

26
Q

Secondary membership groups

A

Groups with which individuals interact less consistently and more formally than with primary membership groups.

27
Q

Aspirational reference groups

A

Groups that an individual would like to join.

28
Q

Norms

A

The values and attitudes deemed acceptable by a group.

29
Q

Nonaspirational reference groups (dissociative groups)

A

Groups that influence our behaviour because we try to maintain distance from them.

30
Q

Opinion leader

A

An individual who influences the opinions of others.

31
Q

Sociometric leader

A

A low-profile, well-respected collaborative professional who is socially and professionally well connected.

32
Q

Socialization process

A

The passing down of cultural values and norms to children.

33
Q

Personality

A

A way of organizing and grouping the consistency of an individual’s reactions to situations.

34
Q

Self-concept

A

How consumers perceive themselves in terms of attitudes, perceptions, beliefs, and self-evaluations.

35
Q

Ideal self-image

A

The way an individual would like to be.

36
Q

Real self-image

A

The way an individual actually perceives himself or herself to be.

37
Q

Lifestyle

A

A mode of living as identified by a person’s activities, interests, and opinions.

38
Q

Psychological factors

A

Tools that consumers use to recognize, gather, analyze, and self-organize to aid in decision making.

39
Q

Perception

A

The process by which people select, organize, and interpret stimuli into a meaningful and coherent picture.

40
Q

Selective exposure

A

The process whereby a consumer decides which stimuli to notice and which to ignore.

41
Q

Selective distortion

A

A process whereby consumers change or distort information that conflicts with their feelings or beliefs.

42
Q

Selective retention

A

A process whereby consumers remember only information that supports their personal beliefs.

43
Q

Motives

A

Driving forces that cause a person to take action to satisfy specific needs.

44
Q

Maslow’s hierarchy of needs

A

A method of classifying human needs and motivations into five categories in ascending order of importance: physiological, safety, social, esteem, and self-actualization.

45
Q

Learning

A

A process that creates changes in behaviour, immediate or expected, through experience and practice.

46
Q

Belief

A

An organized pattern of knowledge that an individual holds as true about his or her world.

47
Q

Attitude

A

A learned tendency to respond consistently toward a given object.