Test 3 Flashcards
2 types of situational effects
behavioural or perceptual
Situational self-image
who am i right now
4 examples of social and physical surroundings that affect consumer motives for product usage and product evaluation
decor, odor, temperature, co-consumers
Explain Hirsch’s door and slot machine study and what were the results
two different pleasant odours and a control; looked at the amount of money gambled; significant* increase in around gambling with one of the scents and not the other or control
Time = ?
Time = economic variable
Timestyle
consumers try to maximize satisfaction by dividing time among activities/task
3 Perceptions of time poverty
- 1/3 Canadians feel rushed
- marketing innovations that allow us to try to save time
- polychromic activity/multitasking
Experience of time results from _______
culture
Queuing theory
mathematical study of waiting lines
- waiting for a product = good quality
- too much waiting = negative feelings
- marketers use “tricks” to minimize psychological waiting
How does mood/psychological condition influence what we buy and how we evaluate products
- stress impairs information-processing and problem solving
- pleasure and arousal increases evaluations
- mood biases judgements of products/services
Mood
combination of pleasure and arousal
Negative stress relief
in a bad mood; doing something happier releases dopamine (e.g. shopping, smoking)
Social motives for shopping, men vs. women
men: shop to win
women: shop to love
Hedonic shopping (5 things)
- social experiences
- sharing of common interests
- interpersonal attraction
- instant status
- the thrill of the hunt
give some pros and a cons to e-commerce
pro: can reach customers around the world; shop 24/7; instant information; more choices; lower prices; fast delivery; electronic communities
con: huge increase in competitions; lack of security; fraud; can’t touch items; expensive to ships back; potential breakdown of human relationships
e-commerce eliminates ______
middleman
Retailing as theater
competition for customers is becoming intense as non store alternatives pop up; malls have to gain loyalty be appealing to social motives (e.g. landscape; popup stores; mindscape themes; minipreneurs
store image is like a store _____
personality
3 components of store image
location, merchandise suitability, knowledge/congeniality of sales stuff
4 factors in overall stoer evaluations
interior design, types of patrons, return policies, credit availability
Atmospherics
conscious designing of space and its dimensions to evoke certain effects on buyings
Point of Purchase stimuli
can be an elaborated product display or demonstration, a coupon dispensing machine, or even someone giving out free samples
The Salesperson draws on ______ theory. (name and define what that is)
exchange theory: every interaction involves an exchange of value (expertise, likability, commercial friendship)
_____ relationship between buyer/seller
dyadic
expectancy disconfirmation model of product performance
expectations determine satisfaction and/or dissatisfaction; why it’s important to manage expectations
Product failure
marketers must reassure customers with honest of problems
5 cues of quality and receded risk
- brand name
- price
- advertising campaign expenditures
- product warranties
- follow-up letters from company
3 types of responses to customer dissatisfaction
- voice response: speak to source
- private response: bad word-of-mouth to friends
- third-party response: legal actoin
Shoppers who problems get resolved feel _______ (better/worse) about the store than if nothing had gone wrong
better
3 factors in customer dissatisfaction response
- extensive products
- products from a store
- older people
____% of customers are willing to pay more for products if they experience great customer service
78
possessions = identity ______
anchors
3 disposal options
- keep old item
- temporary disposal
- permanent disposal
3 Reasons for product replacement
- desire for new features
- change in consumer’s environment
- change in consumer’s role/self-image