M5 Flashcards

1
Q

Person making decision influences

A
  • ECONOMIC NEEDS
  • PSYCHOLOGICAL VARIABLES
  • SOCIAL INFLUENCE
  • CULTURE & ETHNICITY
  • PURCHASE SITUATIONS
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2
Q

○ Convenience
○ Efficiency
○ Dependability

A

ECONOMIC NEEDS

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3
Q

○ Motivation
○ Perception
○ Learning
○ Attitude
○ Trust
○ Lifestyle

A

PSYCHOLOGICAL VARIABLES

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4
Q

○ Family
○ Social class
○ Reference groups

A

SOCIAL INFLUENCE

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5
Q

○ Ethnicity
○ Culture
○ International

A

CULTURE & ETHNICITY

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6
Q

○ Purchase reason
○ Time
○ Surroundings

A

PURCHASE SITUATION

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7
Q

Economic buyers decide to buy based on ___

A

ECONOMIC NEEDS

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8
Q

Consumers seek benefits to match ___

A

NEEDS AND WANTS

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9
Q

Psychological influences between individuals

A
  • DRIVE
  • WANT
  • NEEDS
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10
Q

HIERARCHY OF NEEDS (top to bottom)

A
  • PERSONAL NEEDS
  • SOCIAL NEEDS
  • SAFETY NEEDS
  • PHYSIOLOGICAL NEEDS
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11
Q

Hierarchy of needs (bottom to op)

A
  • PHYSIOLOGICAL NEEDS
  • SAFETY NEEDS
  • SOCIAL NEEDS
  • PERSONAL NEEDS
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12
Q

The learning process

A
  • DRIVE
  • CUE
  • RESPONSE
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13
Q

PSYCHOGRAPHICS FOCUS ON:

A
  • ACTIVITIES
  • INTERESTS
  • OPINIONS
  • DEMOGRAPHICS
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14
Q

OTHER SOCIAL INFLUENCES

A
  • REFERENCE GROUPS
  • OPINION LEADERS
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15
Q

AFTER PURCHASE EXPERIENCE

A
  • SECOND THOUGHTS
  • SPREAD THE WORD
  • POST PURCHASE REGRET
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16
Q

ADOPTION PROCESS STEPS

A
  • AWARENESS
  • INTEREST
  • EVALUATION
  • TRIAL
  • DECISION
  • CONFIRMATION