A learned predisposition to respond to an object or class of objects in a favorable or unfavorable way
Beliefs
a consumers subjective perception of how a product or brand performs on different attributes
Brand loyalty
a favorable attitude toward and consistent purchase of a single brand over time
Cognitive dissonance
the feeling of post purchase psychological tension or anxiety
Consumer behavior
The actions a person takes in purchasing and using products and services including the mental and processes that come before and after these actions
Consideration set
the group of brands that a consumer would consider acceptable from among all the brands of which he or she is aware of in the product class
Consumer socialization
The process by which people acquire skills knowledge and attitudes necessary to function as consumers
Evaluative criteria
Both the objective attributes of a brand such as display and the subjective ones as prestige you use to compare different products and brands
Family cycle concept
Describes the distinct phases that a family progresses through from formation to retirement each phase bringing with it identifiable purchasing behaviors
Involvement
The personal social and economic significance of the purchase to the consumer
Learning
Those behaviors that result from repeated expierence and reasoning
Life style
A mode of living that is identified by how people spend their time and resources, what they consider important in their enviorment and what they think of themselves and the world around them
Motivation
The energizing force that stimulates behavior to satisfy a need
Opinion leaders
Individuals who exert direct or indirect social influence over others
Perceived risk
Represents the anxiety felt because the consumers cannot anticipate the outcome of a purchase
Perception
The process by which an individual selects organizes and interprets information to create a meaningful of the world
Personality
refers to a person consistent behaviors or responses to recurring situations
Purchase decision process
The process has five stages
1. problem recognition
2. information search
3. alternative evaluation
4. purchase decision
5. post purchase behavior
definition - the stages a buyer passes through in making choices about which product or service to buy
Reference groups
People to whom an individual looks as a basis for self appraisal or as a source of personal standards
Self concept
The way people see themselves and the way they believe others see them
Situational Influences
Have an impact on the purchase decision making process
1. purchase task
2. social surroundings
3. physical surroundings
4. temporal effects
5. antecedent states
Social class
the relatively permanent homogenous divisions in a society into which people sharing similar values interests and behaviors can be grouped
Subcultures
sub groups within the larger national culture with unique values ideas and attitudes
Hispanics
African americans
asian americans
Subliminal perception
see or hear messages without being aware of them
Word of mouth
influencing people during conversation
80/20 rule
concept that suggests 80 percent of firm sales are obtained from 20 percent of consumers
Market product grid
Frame work to relate the market segments of potential buyers to products or potential marketing actions by an organization
Market segmentation
involves aggregative prospective buyers in to groups that have common needs and will respond similarly to marketing actions
Market segments
are relatively homogenous groups of prospective buyers that result from the market segmentation process
Perceptual map
a means of displaying or graphing in two dimensions the location of products or brands in the minds of consumers to enable a manager to see how a consumer perceives competing products or brands as well as it's own
Product differentiation
Involves a firm using different marketing mix activities to help consumers perceive the product as being different and better than competing products
Product positioning
refers to the place a product occupies in consumers minds on important attributes relative to competitive products
Product repositioning
changing the place a product occupies a consumers mind relative to competitive products
Usage rate
the quantity consumer or patronage - store visits - during a specific period