Session 2 Flashcards

1
Q

Triggers of need:

A
  1. Unconscious minds (e.g., personal identity and aspirations)
  2. Physical conditions (e.g., hunger)
  3. External sources (e.g., a service firm’s marketing activities)
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2
Q

Evoked set -

A

– a set of products and brands that a consumer considers during the decision-making process – that is derived from past experiences or external sources.

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3
Q

Credence attributes -

A

those that customers find impossible to evaluate confidently even after purchase and consumption (E.g., hygiene conditions of the kitchen and the healthiness of the cooking ingredients).

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4
Q

Control -

A

a major driving force of consumers behavior and satisfaction.

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5
Q

Behavioral control -

A

means that the customer can change the situation and ask for customization beyond what the firm typically offers, e.g. surprise birthday song/cake.

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6
Q

Decisional control -

A

means that the customer can choose between two or more standardized options, but without changing either option; e.g. choosing between 2 tables in a restaurant.

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7
Q

Cognitive control -

A

refers to the customer understanding why something happens, e.g. a service provider has no control over certain circumstances (flight delay).

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8
Q

Customer-driven Services Marketing Strategy The 3 “C’s”:

A
  1. Customers
  2. Competitors
  3. Company
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9
Q

Basic focus strategies for services:

A
  1. Fully focused - a limited range of services to a narrow and specific market segment, e.g. a private jet charter services for wealthy individuals and companies.
  2. Market focused - a wide range of services to a narrowly defined target market, e.g. Rentokil Initial (a B2B service provider that outsources services related to facilitating maintenance – pest control and hygiene).
  3. Service focused - a narrow range of services to a fairly broad market, e.g. Starbucks.
  4. Unfocused - serving broad markets, providing a wide range of services, e.g. department stores/supermarkets.
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10
Q

Positioning strategy -

A

creating, communicating, and maintaining distinctive differences that will be noticed and valued by the customers.

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11
Q

Positioning process:

A
  1. Define points of parity (POP)
  2. Define points of difference (POD)
  3. Focus on the most distinctive POD to build the value proposition
  4. Use a perceptual map
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12
Q

Perceptual maps -

A

are visual representations of consumer perceptions and preferences. They provide quantitative pictures of market situations, and the way consumers view different products, services, and brands along various dimensions.

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