Exam 2 Vocabulary Flashcards

(53 cards)

1
Q

Attitude

A

an overall evaluation of how much we like or dislike

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Attitudes can be based on… (2)

A

Cognitions (thoughts)

Affect (feelings)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Cognitive response

A

the thoughts we have when we see message

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Cognitive responses can be classified as… (3)

A
  • Counterarguments
  • Support arguments
  • Source derogations
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Counterargument

A

“This product will never work.”

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Support arguments

A

“This product sounds great!”

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Source derogations

A

“This guy was paid to say this.” (mismatch between product and source.)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

1-vs.2-sided marketing

A

REMEMBER: Only talk about your product
1 sided: only talk about good things
2 sided: presents both sides of argument (e.g., Listerine tastes bad but you know it works!)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Comparative marketing

A

Compare your product to another product and only give the positives of your product (paper towels, dating sites, Mac vs. PC)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Affective foundations of attitudes

A

Consumers use their feelings as a source of information and rely on those feelings to evaluate stimuli (such as the ads)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

When do fear appeals work? (4)

A
  1. Must suggest immediate action that will reduce fear
  2. Moderate level of fear
  3. Depends on consumer’s motivation to process info (context)
  4. Source must be credible
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Classical conditioning in marketing

A

Consumers conditioned to associate product with positive things – in the store, consumer will still feel positive stimulus from association

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Consumer memory

A

Our own PERSONAL storehouse or prior knowledge about products, services consumption experiences, etc.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Sensory memory

A

Our ability to store sensory experiences temporarily as they are produced– stored in sensory form (“amazing” as it sounds, not as a synonym)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Short-term memory

A

Where we encode or interpret incoming information in light of existing knowledge. Limited, short-lived. Where most of our processing takes place.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Long-term memory

A

Info transferred from short-term to long-term memory for retrieval later. Where info is ultimately stored. Unlimited capacity and duration

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

Two types of long-term memory

A
  1. Semantic: knowledge @ world that is detached from specific episodes (shared knowledge)
  2. Autobiographical: knowledge @ ourselves and our past- personal and idiosyncratic
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

Nostalgia marketing

A

Makes you feel like semantic memories are autobiographical

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

Misremembering

A

brain looks for patterns and tries to make meaning wherever it can (sleep example)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

Schemas

A

Set of associations linked to a concept

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

Associative network

A

Connects many schemas– consumers store concepts, feelings, events in “nodes” that are connected by varying strengths

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

How is memory enhanced through marketing? (3)

A
  1. Chunking (acronyms, telephone numbers)
  2. Rehearsal (jingles)
  3. Recirculation (repeat same basic msg.)
23
Q

Stages of consumer decision making (4)

A
  1. Problem recognition
  2. Information search (internal or external)
  3. Evaluation of alternatives
  4. Product choice
24
Q

Decision framing

A

How a task is defined or represented (menu engineering!)

25
External framing
Framing by marketer (75% lean vs. 25% fat)
26
Framing by consumer
Based on personal goals (e.g., justifying buying clothes to look more professional)
27
Availability heuristic
When examples are easily brought to mind, people see the event as more likely. It's a mental short-cut
28
Anchoring
When an initial value is presented, people anchor and make adjustments. However, the adjustments are typically insufficient
29
Operant conditioning cycle for consumers
Tactic --> Choice --> Usage --> Outcome --> Learning
30
Brand loyalty tactic
Would turn down other brands in favor of Brand A
31
Price tactic
Go with cheapest option
32
Normative tactic
Influenced by others
33
Affect tactic
Emotion
34
Variety-seeking tactic
Goal is to change it up
35
Choice overload
Consumers paralyzed by too many choices and not as likely to purchase (jam study) consumers use shortcuts (heuristics) when making judgments and decisions
36
Maximizer
will not be satisfied unless you look at all options
37
Satisficers
will choose something that just passes their threshold
38
Post-decision regret
Regret after the decision, duh
39
Anticipated regret
regret before decision, may cause decision paralysis
40
Near miss
when you were close to the desired outcome
41
Counterfactual
thinking about what could be- the ideal
42
Sunk cost
cost that is no longer relevant because money has been spent (irrational to make decisions based on sunk costs)
43
Consumer satisfaction
When consumer feels their needs have been met :)
44
Consumer dissatisfaction
when consumers have a negative evaluation of an outcome
45
What is the key to consumer satisfaction?
Expectations management
46
Negative WOM
When consumers are motivated to tell others in order to relieve frustration and convince others not to do business with the company-- spreads VERY quickly (thanks, Facebook.)
47
Fundamental Attribution Error
Ignoring influence of situation on behavior and emphasizing personality traits alone
48
How can a company handle a PR nightmare?
- Admit mistake, offer resources - Financial compensation - Keep people informed (avoid FAE!) - Keep brand ambassadors happy
49
Affective forecasting
Predicting what makes us happy
50
Hedonic treadmill
You become acclimated to what you have and it loses its ability to make you happy (kind of like habituation)
51
What makes us happy? (3 main things)
- Expressing gratitude - Cultivating optimism - Doing more of what engages you (FLOW!) - Acts of kindness, nurturing relationships, practicing religion, taking care of your body
52
FLOW
Balance between skill set and difficulty - active engagement
53
Hedonic adaptation
Within two years of a major event, most people return to their standard level of happiness