Consumer Behavior Exam 1 Flashcards
What is the definition of consumer behavior? What influences consumer behavior?
The acquisition, consumption and disposition of goods, services, time & ideas by (human) decision making units.
Influenced by advertising, social media, friends/family, celebrity, sport & marketing communications.
What are the three components of consumption from a consumer behavior standpoint?
Acquisition: set of methodologies and systems to manage customer prospects and inquiries generated by a variety of marketing techniques.
Usage:
Disposition:
What are two questions a marketer would ask when determining how to price their products?
What should the price be?
How sensitive are consumers to price and price questions?
When should pricing tactics be used?
Why is it important to consider where your product is distributed and how it impacts consumer behavior?
You must figure out where your target shops and how the stores should be designed for them.
What is the definition of consumer motivation?
**The needs, wants, drives and desires of an individual that lead them toward the purchase of products or ideas. The motivations may be physiologically, psychologically, or environmentally driven.
What is personal relevance, and how does self-concept play a role in personal relevance?
Personal relevance: Why does it matter to me?
Self concept: Mental picture of who you are. If you see yourself as sporty, you will feel that nike shoes are relevant to you.
What are values and how do they play a role in consumer behavior?
Values: Abstract enduring beliefs of right and wrong
What are the three needs we discussed in-class and during an in-class exercise, and what is an example of each?
Functional Needs, Symbolic Needs, and Hendonic Need
Functional Needs
Solves consumption-related problems (ex. Coat- its cold)
Symbolic Needs
relates to how we perceive ourselves, how we are perceived by others, and the esteem in which we are held by others. (ex. Coat- North Face coat)
Hedonic Need
Sensory pleasure (Coat- its fuzzy/warm) – Makes you feel good.
What are the three conflicts we discussed related to needs? Provide an example of each of these conflicts.
Approach-Avoidance, Approach-approach, Avoidance-Avoidance.
Approach-avoidance conflict
when there is one goal or event that has both positive and negative effects or characteristics that make the goal appealing and unappealing simultaneously. (Diet: lose weight but can’t eat good food)
Approach-approach conflict:
: one must choose between two desirable or attractive goals (Vacation: Mexico or the Carribean)
Avoidance-avoidance
(study for test or write paper)
Define goals
Goals are outcomes we would like to achieve
provide a list of two questions you might ask when developing goals.
How do I feel about achieving/not achieving my goals?
- How can I achieve my goal?
- Why do I want to pursue this goal/
How does self-control play a role in goal achievement?
Process consumers use to regulate feelings, thoughts and behavior in line with long term goals. (Goal- lose weight, use self control to prevent self from eating junk food)
How does ego depletion go hinder goal achievement?
Mental resources used to have self control are drained and therefore we cave and ruin our goals.
Define perceived risk and provide three things that bring about this risk?
Perceived risk is the extent to which the consumer is uncertain about the personal consequences of buying, using or disposing of an offering. · Lack of information · Newness · High price · Complex technology · Brand differentiation
List and define three of the six types of perceived risks? Additionally, provide an example for each.
· Performance: Will it work?
· Financial: how much will it cost?
· Physical (Safety): will buying that hurt me?
· Social: What will other ppl think about me if I have that?