Week 7 (buying, using & disposing) Flashcards

1
Q

what is the outlet vs brand choice

A

Brand first, retail outlet second (focuses marketing on product features)
Retail outlet first, brand second (sales-staff incentives, store sale catalogue)

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2
Q

Low involvement vs high involvement purchases

A
  • Low - convenience stores, online shopping, seek just any suitable alternative
  • High - specialty & department stores, complex purchase, Chains and franchises alleviate the risk of inconsistency in service delivery
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3
Q

How does involvement affect store size

A

Low involvement = not willing to travel far
High involvement = willing to travel far

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4
Q

How to create customer experience

A

theming the experience, harmonise impressions with positive cues, eliminate negative cues, mix in memorabilia, engage all 5 senses

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5
Q

What are the 5 contextual effects on buying & disposal

A

physical surroundings, social surroundings, temporal factors, antecedent states & shopping orientation

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6
Q

What 3 things make up social surroundings

A

Density = number of people in a space
Crowding = negative affecct from density
Emotional Contagion = transference of emotions from one person to another

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7
Q

What are temporal factors

A

Economic time = time is an economic variable
Time poverty = when people feel pressed for time

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8
Q

What makes the antecedent state

A

pleasure & arousal. a mood is a combination of both and biases judgement in that direction

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9
Q

What are the 2 shopping orientations

A

Utilitarian = functional or tangible
Hedonic = pleasurable or intangible

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10
Q

when does unplanned buying occur

A

when a person is unfamiliar with store, under time pressure or reminded by seeing it

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11
Q

What is impulse buying

A

when a person experiences a sudden urge that cannot be resisted

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12
Q

what is consumer dis/satisfaction defined by

A

the percieved performance relative to expectations

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13
Q

How do consumers respond to dis/satisfaction

A

Satisfaction = positive word of mouth, good review, loyalty
Dissatisfaction = complaints, put product in inept set

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14
Q

what are the 3 ways consumers act on dissatisfaction

A

Voice response = consumer appeals directly to reatiler for redress
Private response = express to friends and/or boycott the store
Third-party response = take legal action, register a complaint, write a letter to news, online

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15
Q

what are strategies to overcome dissatisfied customers

A

1) create reasonable expectation through promotions
2) maintain consistent quality so reasonable expectations are fulfilled
3) offer ways for consumers to voice complaints directly to the brand to avoid public voicing

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16
Q

What is brand loyalty

A
  • a psychological commitment to the brand.
  • When a customer prefers your brand AND buys it regularly
  • Expressed over time
  • A function of psychological processes: Attitudinal &
    Behavioural
17
Q

What is double jeopardy

A

dominant brands have a higher market share & loyalty than less popular brands

18
Q

What are brand communities

A

A specialised, non-geographically bound community, based on a structured set of social relations among admirers of a brand

19
Q

Why do we dispose of products

A

Broken or used = no longer serves functional purpose
Not broken = no longer serves symbolic purposes, planned obsolescence (no longer acceptable or ‘cool’)

20
Q

what is Product stewardship

A

businesses taking responsibility for the products they make, sell and buy so they don’t end up in landfill

21
Q

How can consumers & manufacturers be apart of the solution

A

Consumers - buy from companies providing end of life solutions
Manufacturers & retailers - introduce initiatives such as servicing/repairs/take back schemes