Info Processing Flashcards

1
Q

What are the two information search methods?

A

Internal and external

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2
Q

What is an internal information search? What can effect it?

A

Searching stored information in your head that you know from memory, those with a wider knowledge will be able to explore more internal information (Hoyer 2013)
Time pressures and distractions can effect internal search

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3
Q

What is an external information search?

A

Information search that is conduct using secondary resources (Hoyer 2013)

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4
Q

What sources are available for an external information search?

A

(Hoyer 2013)
Social media / media - Twitter, corporate websites, ads
Interpersonal - wom, reviews by text, phone etc..
Independent - books, government websites, external non-branded sites
Experiential - trials, in person / online

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5
Q

Why do consumers seek information?

A

Consumers seek info to solve an issue / fulfil a need / want
- Consumers will engage with an internal / external search
Soloman 2016

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6
Q

What are the 5 memory systems?

A

Soloman 2016

  1. Sensory = retain for around a second, can be a smell, noise or visual
  2. Attention = info transferred to short term memory
  3. Short term = 20 seconds of brief storage
  4. Elaborative rehearsal = info transferred to long term memory
  5. Long term = Relatively permanent storage
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7
Q

What are the implications of info-processing for marketers?

A
  • Understand how consumers process information helps markets strategically design messages
  • Use repetition to keep messages in a consumers mind e.g Go Compare opera man
  • Draw on negative aspects of competitors e.g Aldi vs Tesco, Tesco products shown as expensive despite same offering (comparative advertising)
  • Internal bias search, choose one product attribute to focus on + use humour / attract visuals
  • Brand consistency across all sources + create relevant messages for each segment
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8
Q

What are the types of external search?

A

(Hoyer 2013)

  • Repurchase search = aids a specific acquisition decision
  • Ongoing search = occurs regularly even when not searching for a product
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9
Q

What are the types of information available when conducting internal searches?

A

(Hoyer 2013)

  1. Brands = 2-8 brands can be stored, due to brand familiarity, usage, preference
  2. Attributes = summarised / simplified, due to accessibility, availability
  3. Evaluations = overall attitude, easier to recall than attributes
  4. Experiences = vivid experiences, usually positive / negative, due to repetition
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10
Q

What are the internal search biases?

A

(Hoyer 2013)

  1. Confirmation bias = Selective perception, recall information that enforces your own beliefs
  2. Inhibition = recalling X, makes you recall Y
  3. Mood = recall information, feelings, experiences to match mood
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11
Q

What are the types of information available when conducting an external search?

A

(Hoyer 2013)

  1. Brand information = is it frequently accessed?
  2. Price information = infers attributes, e.g price communicates value vs quality
  3. Attributes = consumers access information relevant to their goals
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12
Q

What effects external search?

A

(Hoyer 2013)
Consumer knowledge = consumers with moderate knowledge search the most
Cognitive abilities = higher cognitive abilities allow complex info processing
Demographic = higher education student will search frequently
Information Availability = lots of available info = more searches
Info format = easy to read
Time availability = time pressure reduces search from several sources
No of items = more decisions, less variability in search patterns

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