Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Consumer Behavior > Lesson 7 Videos > Flashcards

Lesson 7 Videos Flashcards

1
Q

Relationships between Consumer Beliefs, Feelings, Attitudes & Intentions

A

Consumer Beliefs and Consumer Feelings —-> Consumer Attitudes —-> Consumer Intentions —> Consumer Behavior

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Beliefs

A

Subjective judgments about the relationship between two or more things.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Feelings

A

An affective state (e.g., current mood state) or reaction (e.g., emotions experienced during product consumption).

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Attitudes

A

Global evaluative judgments.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Intentions

A

Subjective judgments by people about how they will behave in the future.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

A Sampling of Consumer Beliefs

A

~If a deal seems too good to be true, it probably is.
~You can’t believe what most advertising says these days.
~Auto repair shops take advantage of women.
~People need less money to live on once they retire.
~It’s not safe to use credit cards on the Internet.
~Appliances today are not as durable as they were 20 years ago.
~Extended warranties are worth the money.
~You get what you pay for: lower price means lower quality.
~Changing the oil in your car every three thousand miles is a waste of money.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Consumer Beliefs

A

A. Expectations
B. Brand Distinctiveness
C. Inferential Beliefs

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Consumer Expectations

A

Expectations are beliefs about the future.
Consumers’ willingness to spend is influenced by beliefs about their financial future.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Brand Distinctiveness

A

Why should consumer want to buy your brand instead of the competitor’s?

The desirability of products having something unique to offer to their consumers is also known as the Unique Selling Proposition (USP).

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Inferential Beliefs

A

Beliefs are often inferred when product information is incomplete.
Also undertaken when consumers interpret certain product attributes as signals of product quality - e.g., price-quality inferential beliefs, partially comparative pricing, etc.
Consumers use information about one thing to form beliefs about something else.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Feelings

A

An affective state (e.g., current mood state) or reaction (e.g., emotions experienced during product consumption).

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Types of Feelings

A

Upbeat, Negative, Warm

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Upbeat Feelings

A

Active
Adventurous
Alive
Attractive
Confident
Creative
Elated
Energetic
Good
Happy
Pleased

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Negative Feelings

A

Angry
Annoyed
Bad
Bored
Critical
Defiant
Disgusted
Fed-up
Insulted
Irritated
Regretful

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Warm Feelings

A

Affectionate
Calm
Concerned
Contemplative
Emotional
Hopeful
Kind
Peaceful
Pensive
Touched
Warm-hearted

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Feelings are a part of what experiences?

A

A. Feelings as part of the advertising experience
B. Feelings as part of the shopping experience
C. Feelings as part of the consumption experience

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

Feelings as part of the advertising experience

A

Feelings activated by the advertisement have the potential to influence attitudes formed about the featured product. (eg: Bud Lite, Miller, AFLAC, McDonald’s, Coca Cola commercials, etc).
Sometimes ads irritate, annoy even offend – leading to negative feelings.
The program in which advertising appears can induce feelings and affect post-message attitudes.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

Feelings as part of the shopping experience

A

The retail environment elicits different feelings in consumers ultimately affecting their attitudes and behaviors in the store..
Customers don’t just go shopping in the store; they experience it.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

Feelings as part of the consumption experience

A

Some consumption experiences are liked primarily for the feelings they induce.
Feelings during consumption will influence post-consumption evaluations.
Consumers are more satisfied when product consumption leads to positive feelings while avoiding negative ones.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

Attitudes

A

global or overall evaluative judgments. Since attitudes strongly influence consumers’ purchase & consumption intentions, firms are very interested in knowing about these.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

Types of Attitudes

A

Attitude towards the object (Ao)

Attitude towards the advertisement (Aad)

Attitude towards the behavior (Ab)

Preferences

22
Q

Attitude towards the object (Ao)

A

represents an evaluation of the attitude object.

23
Q

Attitude towards the advertisement (Aad)

A

represents the global evaluation of an advertisement.

24
Q

Attitude towards the behavior (Ab)

A

represents the evaluation of performing a particular behavior involving the attitude object.

25
Q

Preferences

A

represent attitudes toward one object in relation to another.

26
Q

Multiattribute Attitude Models

A

Beliefs about a product’s attributes or features are important because they determine the favorability of one’s attitude toward the product.

27
Q

The Fishbein Multiattribute Attitude Model

A

Ao = Σ bi ei

(n is above Σ an i=1 is below it)

Ao = attitude toward the object
bi = strength of the belief that object has attribute i
ei = evaluation of attribute i
n = number of salient or important attributes

Model proposes that attitude toward an object is based on the summed set of beliefs about the object’s attributes weighted by the evaluation of these attributes.
Attributes can be any product or brand association.

28
Q

Running shoe example
The Fishbein Multiattribute Attitude Model

A

Important or salient attributes are first identified.

Whether the shoe is shock absorbent for use on hard surfaces,
Whether it is priced less than $50,
Durability of the shoe,
How comfortable the shoe is to wear,
Whether the shoe is available in the desired color,
Amount of arch support.

29
Q

Developing the ei and bi measures

A

ei (evaluation of an attribute)
How important to you is ‘durability’ in running shoes?
very important _ : _ : _ : _ : _ : _ : _ not very important
+3 +2 +1 0 -1 -2 -3
bi (how strongly consumers believe a particular brand of running shoes possess a given attribute)
How ‘durable’ is brand A running shoes?

 very durable  _ : _ : _ : _ : _ : _ : _  not at all durable 
                	        \+3 +2 +1  0  -1  -2  -3

For each brand, an assessment of consumers’ beliefs for each attribute must be done.
Given 3 Brands & 6 attributes, a total of 18 belief measures would be needed.

30
Q

Brand attitude scores (Ao) are calculated by

A

multiplying the belief scores by their corresponding evaluation score for each attribute (bi x ei).

31
Q

Beliefs about a product’s attributes or features are important because

A

they determine the favorability of one’s attitude toward the product.

32
Q

The Ideal-Point Multiattribute Attitude Model

A

AP = Σ Wi | Ii - Xi |

AP = attitude toward product
Wi = importance of attribute i
Ii = the ‘ideal’ performance on attribute i
Xi = belief about product’s actual performance on attribute i
n = number of salient attributes

Consumers indicate where they believe a product is located on scales representing the various levels of salient attributes.
Also report where ‘ideal’ product would fall on these attribute scales.
The closer the ‘actual’ rating is to the ‘ideal’ ratings, the more favorable the attitude.

33
Q

Soft drink example
The Ideal-Point Multiattribute Attitude Model

A

Salient attributes identified:

Sweetness of taste
Degree of carbonation
Number of calories
Amount of real fruit juices
Price

Developing a scale to represent various levels of each attribute

very sweet taste _ : _ : _ : _ : _ : _ : _ very bitter taste
1 2 3 4 5 6 7

Provide ratings of attribute importance

not at all important _ : _ : _ : _ : _ : _ : _ extremely important
0 1 2 3 4 5 6

Total Σ Wi | Ii-Xi | score

Unlike Fishbein model, where a higher scores indicate more favorable attitudes, here lower scores are better under the ideal-point model. In fact, the best score a brand can receive is 0.

34
Q

Benefits of Using Multiattribute Attitude Models

A

Diagnostic power: examine why consumers like or dislike products.

Stimulus importance-performance grid with marketing implications for each cell.

Can provide information for segmentation (based on importance of product attributes).

Useful in new product development. (eg: Lever Brothers Co. used Multi Attribute model to successfully forecast the mkt shares of Tone moisturizing soap & Coast deodorant soap before their introduction).

Guidance in identifying attitude change strategies.
(How models can be used to estimate the potential payoff of each strategy in terms of how much improvement in consumers’ attitudes each may provide.)

35
Q

Stimulus Importance-Performance Grid

A

Attribute Our Competitor’s Simultaneous
Importance Performance Performance Result

                                                       Poor                         Neglected Opportunity High                        Poor                   Good                       Competitive Disadvantage
 
                                                       Poor                        Competitive Advantage
                            Good                 Good                      Head-to-head competition
                                                     Poor                            Null Opportunity
                           Poor                  Good                           False Alarm

Low Poor False Advantage
Good Good False Competition

36
Q

Three primary ways of changing consumer attitudes:

A

A. Change ‘beliefs’
B. Change ‘attribute importance’
C. Change ‘ideal points’

AP = Σ Wi | Ii-Xi |

37
Q

Firms hope that changing beliefs about products will result in

A

more favorable product attitudes and influence what consumers buy.

38
Q

If beliefs are false, they need to be

A

brought into harmony with reality.

39
Q

If beliefs are accurate,

A

it may be necessary to change the product …the actual physical attributes.

40
Q

Comparative advertising can hurt

A

beliefs about a competitive brand.

41
Q

Changing an attribute’s importance is more difficult than

A

changing a belief.

42
Q

How is a brand perceived relative to ideal performance?

A

Increasing attribute importance is desirable when the competitor’s brand is farther from the ideal point than your product…. and vice versa.

Firms may add a new attribute (eg: the attribute ‘flame broiling’ is emphasized by Burger King).

43
Q

Changing Ideal Points

A

Altering consumers’ preferences for what the ‘ideal product’ should look like.
‘Would your ideal brand of mouthwash contain no alcohol, some alcohol…..or a lot of alcohol?’

44
Q

Estimating the Attitudinal Impact of Alternative Changes

A

How expensive are the product modifications required to change attitude?
Are they even possible to accomplish?
How resistant to change are consumers? (eg:Can the attitude towards spam or hot dog consumption be changed easily? Can importance of ‘safety’ for choice of airlines be reduced?)
What is the potential attitudinal payoff each change might deliver?

45
Q

Consumer Intentions

A

Useful for firms when predicting how people will act as consumers.
–How much existing product should be produced to meet demand?
–How much demand will there be for a new product?

Firms interested in many types of consumer intentions.

46
Q

Types of Intentions

A

Search intentions
Shopping intentions
Spending intentions
Purchase intentions
Consumption intentions
Repurchase intentions

47
Q

Spending intentions

A

reflect how much money consumers think they will spend

Will you spend at least $1,000 on Christmas gifts this year?
No chance 1 2 3 4 5 6 7 I definitely will

48
Q

Purchase intentions

A

represent what consumers think they will buy

Will you buy a Mercedes-Benz automobile during the next 12 months?
No chance 1 2 3 4 5 6 7 I definitely will

49
Q

Repurchase intentions

A

indicate whether consumers anticipate buying the same product or brand again

The next time you purchase coffee, will you buy the same brand?
No chance 1 2 3 4 5 6 7 I definitely will

50
Q

Shopping intentions

A

capture where consumers plan on making their product purchases

Will you shop at Wal*Mart during the next 30 days?
No chance 1 2 3 4 5 6 7 I definitely will

51
Q

Search intentions

A

indicate consumers’ intentions to engage in external search

The next time you need to be hospitalized, will you speak to your doctor before choosing a hospital?

No chance 1 2 3 4 5 6 7 I definitely will

52
Q

Consumption intentions

A

represent consumers’ intentions to engage in a particular consumption activity

Will you watch the next Super Bowl?
No chance 1 2 3 4 5 6 7 I definitely will

Consumer Behavior (16 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions