Chapter 18: Part 1 Flashcards

(19 cards)

1
Q

Postpurchase dissonance

A

consumer reaction after making a difficult, relatively permanent decision, doubt or anxiety occurs

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2
Q

The probability and magnitude of such dissonance are a function of:

A
  • Degree of commitment or irrevocability of the decision
  • Importance of the decision to the customer
  • Difficulty of choosing among the alternatives
  • Individual’s tendency to experience anxiety
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3
Q

Consumers may use one or more of the following approaches after the purchase to alter the decision or reduce the dissonance:

A
  • Increase the desirability of the brand purchased
  • Decrease the desirability of rejected alternatives
  • Decrease importance of purchase decision
  • Reverse the purchase decision (return product before use)
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4
Q

Consumption guilt

A

when negative emotions or guilt feelings are aroused by the use of a product or a service

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5
Q

Particular alternative such as product/brand/retail outlet is chosen because

A

it was thought to be a better choice

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6
Q

When brand is in consumer’s inept set, three things can drive choice:

A
  1. Available alternatives do not exist, 2. Emergency situation, 3. Family decisions
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7
Q

Nature of problem and percentage listing each as a reason why they switched providers:

A

Core service failure (44%), Service encounter failures (34%), Pricing (30%), Inconvenience (21%), Responses to service failure (17%), Attraction by competitors (10%), Ethical problems (7%), Involuntary switching (6%)

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8
Q

Instrumental performance

A

the physical functioning of the product

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9
Q

Symbolic performance

A

aesthetic or image-enhancement performance

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10
Q

Affective performance

A

emotional response that owning or using a product or outlet provides

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11
Q

Options available to dissatisfied consumers:

A

Take action (complain, stop buying from brand or store, etc.), Take no action (less favorable)

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12
Q

Marketers should strive to minimize

A

dissatisfaction and effectively resolve dissatisfaction when it occurs

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13
Q

Firms need to satisfy consumer expectations by:

A
  1. Creating reasonable expectations through promotional efforts
  2. Maintaining consistent quality so that reasonable expectations are fulfilled
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14
Q

Acting on complaints in a timely & effective manner is

A

key to consumer satisfaction

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15
Q

Retaining consumers by encouraging and responding effectively to complaints is more

A

economical than attracting new customers through advertising or other promotional activities

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16
Q

Objective is to produce

A

committed or brand-loyal customers

17
Q

Repeat purchasers

A

continue to buy same brand even though they have no emotional attachment to it

18
Q

Switching costs

A

cost of finding, evaluating and adopting another solution

19
Q

Brand loyalty

A

biased behavioral response expressed over time by a decision-making unit with respect to one or more alternative brands