Module 5: Final Consumers and Their Buying Behavior Flashcards

1
Q

Consumer decision process

A

Person does or does not purchase (response)

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2
Q

A Model of Influences on Consumer
Behavior:

A

Economic Needs
Psychological Variables
Social Influences
Culture
Purchase Situation

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3
Q

Economic Needs:

A
  • Economy of purchase
  • Convenience
  • Efficiency
  • Dependability
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4
Q

Psychological Variables:

A
  • Motivation
  • Perception
  • Learning
  • Attitude
  • Trust
  • Lifestyle
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5
Q

Social Influence:

A
  • Family
  • Social Class
  • Reference Groups
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6
Q

Culture and Ethnicity

A
  • Ethnicity
  • Culture
  • International
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7
Q

Purchase Situation:

A
  • Purchase Reason
  • Time
  • Surroundings
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8
Q

Economic Needs:

A
  • Economy of Purchase or Use
  • Efficiency in Operations or Use
  • Dependability in Use
  • Improvement of Earnings
  • Convenience
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9
Q

Psychological Influences within an
Individual:

A

Needs
Wants
Drives

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10
Q

The PSSP Hierarchy of Needs:

A

Physiological Needs
Safety Needs
Social Needs
Personal Needs

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11
Q

The Learning Process:

A

Drive - Cues - Response

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12
Q

Psychographics Focus on Activities,
Interests, and Opinions:

A
  • Activities
  • Interests
  • Opinions
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13
Q

Lifestyle Dimensions:

A
  • Activities
  • Interests
  • Opinions
  • Demographics
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14
Q

Examples of Activities:

A

Work
Hobbies
Social events

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15
Q

Examples of Interests:

A

Community
Recreation
Fashion

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16
Q

Examples of Opinions:

A

Themselves
Social issues
Politics

17
Q

Examples of Demographics:

A

Income
Age
Family life cycle

18
Q

Social Influences Affect Consumer
Behavior:

A

Family Life Cycle
Acceptance of New Ideas by
Youngsters
Growing Singles Market
Reallocation for Teens
Reallocation for Teens
Real Decision Maker

19
Q

Other Social Influences:

A
  • Reference Groups
  • Opinion Leaders
20
Q

After Purchase Experience:

A

Second Thought
Spread the Word
Post-Purchase Regret

21
Q

Predictive Analytics:

A

Needs Awareness
Post-Purchase
Information Search
Alternatives Identification

22
Q

Adoption Process Steps:

A

Awareness - Interest - Evaluation - Trial - Decision - Confirmation