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CAN-SPAMAct
A law that prohibits the use of e-mail, fax, and other technology to randomly send messages to potential consumers.
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Gramm-Leach-Bliley Act
A legal act that requires certain institutions to provide written notice of their privacy policies.
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SPAM
Any unwanted commercial e-mail similar to junk mail.
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Uniform Commercial Code (UCC)
A group of laws that govern commercial practices in the United States.
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accelerator effect
The effect of a loyalty program that, as a consumer approaches the next level of benefits, the rate of consumer’s purchases increases.
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attitudinal loyalty
The degree to which a customer prefers or likes a brand.
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behavioral loyalty
The degree to which a customer habitually buys a product and does not respond to competitors’ offerings.
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blocker effect
A loyalty program that results in members blocking out marketing communications from competitors.
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bot
Short for robot; a kind of program that perform automatic functions online.
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buzz
Word of mouth that includes blogs, articles, and other forms of promotion.
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cause-related marketing
When a company supports a nonprofit organization in some way in order to generate positive public relations.
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communication gap
A gap that occurs when a marketer overstates the performance level of a product, thereby creating unrealistic expectations on the part of consumers.
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community
A form of a social group that centers its attention around a particular brand or product category.
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cross-promotion marketing
A method in which two or more groups act together to reach potential customers.
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customer empowerment
Providing tools that enable customers to take control or influence marketing.
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customer satisfaction
The feeling that results when an offering meets a consumer’s expectations.
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deal-prone
Willing to succumb to a special offer or lower price.
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delivery gap
A gap that results when a product fails to meet its performance standards.
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dump account
An e-mail account that is used for registering when buying products online in order to ignore spam and other junk e-mail later.
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expressed warranty
An oral or written statement by the seller regarding how a product should perform and the remedies available to the consumer in the event of its failure.
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implied warranty
An obligation for a seller to provide an offering of at least average quality, beyond any written statements.
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influencer marketing
Targeting individuals known to influence others so they will use their influence in the marketer’s favor.
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influencer panel
A special type of community that participates regularly in marketing research activities.
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knowledge gap
A firm’s failure to understand a customer’s expectations or needs, which then leads it to create an offering that disappoints the customer.
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longevity effect
The process of lengthening the a customer’s lifetime value over time.
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loyalty programs
Marketing efforts that reward the frequent purchase and consumption of an offering.
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phishing
Soliciting personal information in order to steal an identity and use it to generate cash fraudulently.
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postpurchase dissonance
A situation in which consumers rethink their decisions after purchasing products and wonder if they made the best decision.
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privacy laws
Laws that limit the amount and type of information a company can collect about a consumer and also specify how that information can be used or shared.
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privacy policies
Statements about how a company will use and protect a consumer’s private data.
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social media
A catchall phrase for online channels of communication that build communities including social networking sites, blogs, podcasts, wikis, vlogs (video blogs), and other Internet-based applications that enable consumers to contribute content.
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social network
A community or social group that centers its attention on a particular brand or product category.
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social networking site
A communication medium for communities, or social networks.
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spreader effect
A loyalty program that results in buyers being more likely to try related products offered by a marketer.
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standards gap
A gap that results when a marketer sets performance standards for a product that are too low, in spite of what is known about the customer’s requirements.
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sugging
Any form of selling under another guise or under a phony front.
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switching costs
The costs associated with moving to a new supplier of an offering.
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viral marketing
The spread of the company’s message (like a virus) through a community.
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warranty
A promise or assurance by a seller that an offering will perform as the seller represented it would.
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word of mouth
The passing of information and opinions verbally.
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