Week 2 Flashcards

1
Q

3 types of benefits

A

Functional
Symbolic
Experiential

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

explain functional benefits

A

Provides solutions for practical problems
o 5 razor blades for a closer shave
o A computer to complete school assignments

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

explain symbolic benefits

A

Provides self-image enhancement, identity, and belongingness benefits
o Lexus car as a signal of status and wealth
o Deakin sweater to identify oneself as a Deakin student
o Status and image

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

explain experiential benefits

A
Provides sensory (5 senses), cognitive, and/or affective stimulation.
o	Driving a fast convertible
o	Eating a delicious meal
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

what is meant by communication?

A

Transfer of ‘Meaning’ from the sender to the receiver

Focusing on how it is revived (not solely about what is sent)

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

explain ‘meaning’

A

The Perception and affective reactions (e.g. thoughts and feelings) evoked when presented with words, symbols, or other signs (logos)
o Meaning is internal, subjective, and can differ from person to person.
o Over time a brand can become it’s own symbol for meaning
o What a logo represents and stands for.
o Transferring the benefits (functional, symbolic and experimental to the receiver)

think ferrari, apple and nike logo and what they stand for and symbolise

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

examples of figurative language to transfer meaning

A

Simile
metaphor
allegory

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

explain a simile

A

comparative e.g. “like” or “as” e.g. as blue as the sky

goodyear tires grip like a panther

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

Explain metaphor

A

Associative properties transferred e.g. flying bull = ‘Red Bull’

weetbix is the breakfast of champions

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

explain allegory

A

use of personification, extended (higher level) metaphor to create a narrative e.g. mac commercial, Ronald McDonald
aami
michelin man

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

2 types of communication models

A
  1. Consumer Processing Model (CPM)
  2. Hedonic Experiential Model (HEM)
    * never just one

o CPM usually pushes functional
o HEM usually pushes symbolic and experimental
o Symbolic benefits usually used through HEM
o Functional benefits usually used through HEM

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

explain the 8 steps in the Consumer processing model

A

Stage 1 and 2: Exposure and Selective attention:
o Consumers are exposed to the marketer’s message
o Overcome Clutter with specifically targeted message

Stage 3: Comprehension:
Interpreting the message
 Depends on context:
o	Individual needs, mood, etc e.g. hungry 
o	Where the message is seen
o	Time and energy to process

Stage 4: Agreement:
Does the consumer accept or agree with the message

Depends on:
o Information compatible with the consumers existing values
o Message being credible

Stage 5 + 6 Retention and Retrieval
o Transfer information from short term memory to long term memory
o Repeat claims to strengthen associations/learning
o Stronger associations are more easily retrieved

Stage 7: Decision Making:
Affect Referral
o e.g. how do I feel about this product/brand

Compensatory Heuristics
o e.g. which brand ‘wins’ on the things I care about

Stage 8: Action:
Situational factors can influence what products are purchased
o Must co-ordinate with all the marketing mix variables.

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

Explain HEM

A

The CPM and HEM are not mutually exclusive
o IMC campaigns can do both – if consistent

The stages in the HEM (e.g. exposure, attention) also apply, but the type of information is different (feeling and fantasy)

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

main difference of communication methods

A

The CPM focuses on changing consumers’ knowledge and beliefs with respect of functional needs.

The HEM focuses on consumers’ emotions and feelings with respect to symbolic and experimental needs

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