Ch 14, 15 Flashcards Preview

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Flashcards in Ch 14, 15 Deck (12):
1

Define global, terminal and instrumental values.

Global values: core of an individual's value system.

Terminal values: highly desired end states (ex: wealth or love or popularity)

Instrumental values: Values needed to achieve terminal values (ex: respect, drive, kindness)

2

5 Values of western culture.

1-Home: your home is another part of the reflection of you, your wealth, who you are, etc.
2-Individualism: we are very selfish.
3-Health: society should be eating at whole foods vs mcDonalds says society.
4-Hedonic: always looking for pleasure through travel, video games, alcohol, etc.
5-Authenticity: we want what's real and true and unique. Never been seen before

3

3 of the Big 5 personality traits.

1-Agreeableness: kind/compassionate vs cold/unkind
2-Neuroicism: sensitive/nervous vs secure/confident
3-Extroversion: outgoing/energetic vs. solitary/keeps to oneself

4

Describe: dogmatism, need for uniqueness, need for cognition, susceptibility, and self-monitoring behavior.

Dogmatism: unwilling to change

Need for Uniqueness: always want to be the one to stand out whether that be with food choices, clothes, where you go, etc. Takes pride in being different!

Need for Cognition: How much people like to think about certain things

Susceptibility: how able you are to be persuade/what affects you because you're you

Self-Monitoring Behavior: People look to others for cues on how to behave

5

Why would a marker use the VALS-Value and Lifestyle Survey?

Better than using demographics because it determines the "why" vs the "what."

6

3 things that affect adoption, resistance and diffusion of an innovation?

1-Perceived value
2-Uncertainty
3-Social relevance

7

3 categories of innovation.

Continuous: has a limited effect on consumers because it is not too much different than the last innovation.
ex: iPhone 4 to 4S

Dynamically continuous: has an effect on consumers, it is different enough that people want this "new" product
ex: computer to an iPad

Discontinuous: People have never seen it before (paradigm shift) ex: from having only computers to cell phones

8

How can marketers use 3 needs to promote innovations?

Functional: utilitarian benefits that are better than normal product
Symbolic: Has new social meaning
Hedonic: appeals to our pleasure seeking needs, aesthetics

9

What role does breadth play in describing an innovation?

Range of new and different uses for a products. Makes it more or less appealing for the price it is sold at.
Ex: all the functions an iPhone does vs having a different tool for each

10

Define adoption and resistance as they relate to innovation?

Adoption: purchase of an innovation by a household (ex: buying a vacuum and now you cannot go without one)

Resistance: a desire to not buy a product even in the face of pressure to do so (ex: will not buy a TV because then all the kids will do is watch it)

11

2 Perceived benefits that marketer can use to see innovation to consumers.

Relative advantage: benefits are superior to those found in products that already exist.
Use innovativeness: finding uses that differ from products intended use. MORE WAYS to use it.

12

3 things that can impact diffusion rates.

Compatibility: how consistent is the innovation with your values, morals, beliefs
Trialability: try before you buy
Complexity: how difficult the product is to use or understand