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Marketing CH 5
| Question | Answer |
|---|---|
| Consumer Behavior | Consist of the actions a person takes in purchasing and using products and services, including the mental and social before and after |
| 5 Stages of purchase decision process | Problem recognition, Information search, Alternative evaluation, Purchase decision, Post purchase behavior |
| Consumer Involvement | The personal, social, and economic significance of the purchase to the consumer |
| Problem Solving Variations | High external problem solving, Consumer Involvement limited problem solving, Low routine problem solving |
| Situational Influences that affect purchase decisions(5) | Purchase task(reason behind decision), Social surroundings(other people), Physical surroundings(decor, music, crowds), Temporal effects(Time of day/time available, Antecedent states(Consumer's mood, circumstances, money) |
| Consumer Touchpoints | A marketers product, service, or brand points of contact with a consumer from start to finish in the purchase decision process |
| Brand Loyalty | Favorable attitude toward and consistent purchase of a single brand over time |
| Perceived Risk | Anxiety felt because the consumer can't anticipate the outcomes of a purchase but believes ther may be negative consequences |
| Opinion Leaders | Who exert direct/indirect social influence over others (influencers) |
| Word of Mouth | The influencing of people during conversations |
| Family Life Cycle | Consists of the distinct phases that a family progresses through formation to retirement |
| Subcultures | Subgroups within the larger or national groups of larger culture who share distinct values, beliefs, and lifestyles. |