Test 1 Flashcards
(165 cards)
What is consumer behavior
The study of individuals, groups, or organizations and the process they use to select, secure, and dispose of products, services, experiences or ideas to satisfy needs and the impacts that these processes have on the consumers and society
What are the four key tenets
- Successful business decisions require an understanding of consumer behavior
- Market research is a critical understanding consumer behavior
- Consumer behavior is a complex, multidimensional process
- Marketing practices designed to influence consumer behavior involve ethical issues
True or False: Brand marketing is the concept of building a differentiated, recognizable identity for your company.
True
The marketing role focused on driving customers into a company’s purchase funnel (the detailed steps in a customer journey from awareness to purchase), pushing them through that funnel until they make a purchase, and doing so in a cost-effective way.
Acquisition marketing
True or False: The conversion funnel is to move consumers from consideration to awareness to purchase.
False: Awareness, consideration, purchase
True or False: A marketer’s role relative to consumer behavior ends when the consumer selects a service or purchases a promoted product.
False
What is sense of self?
Both internal and external influences impact a consumer’s sense of self.
That sense of self is structured by an individual’s thoughts and feelings
about him or herself and how he or she lives.
What are external influences?
- Culture
- Reference Groups
- Marketing Messages
- Technology
This is likely the most significant external influence on a consumer’s behavior; includes values, norms, language, religion, cuisine, and social habits.
Culture
True or False: Brand is a name, term, design, symbol, or any other feature that identifies one seller’s good or service as distinct from those of other sellers.
True
Business people truly needing to understand when and why consumers act the way they do is:
the foundation of all strategies with which a company moves forward
True or False: Brand marketers seek to drive brand health, which is often defined as awareness and consideration of and affinity for a brand.
True
What are internal factors?
- perceptions
- personality
- learnings
- attitudes
What are the 4 steps of consumer process?
- Identify a need 2. Feel tension 3. Identify a goal 4. Taking action
What are motives?
The driving forces that compel people to act (the reason you choose to act or behave in a certain way)
What are needs?
Require to live your life?
Innate needs- biological
Acquired needs- learned in response to culture or environment
Steps of consumer motivation process?
Unfulfilled needs, tension, motives, action, needs fulfillment
Defining of brands
Companies define their brands in terms of the consumer needs they satisfy, not simply by the products they sell
What are the three facets of needs?
Needs are never fully satisfied
New needs emerge as old ones are satisfied
Frustrations with the inability to fulfill a need may generate the need for a defense mechanism
Maslow’s Hierarchy Needs
hierarchy of needs presents five layers, each containing a different type of need that humans strive to achieve-
Biological, safety, social, esteem, self actualization
David McClelland’s Human Motivation Theory
People’s actions stem from one of three types of motivations: achievement, affiliation, or power
Dichter’s Theory of Motivation
Core motivations that drive purchase behavior:
Power
Masculinity-virility
Security
Eroticism
Moral Purity or Cleanliness
Social Acceptance
Individuality
Status
Femininity
Reward
Mastery Over the Environment
Disalienation (a desire to feel connectedness to things)
Magic or Mystery
This states that consumers’ unconscious desires drive purchase decisions, and therefore, when marketing products and services, companies should appeal to those desires
Dichter’s Theory of Motivation
True or False: Innate needs are biological needs, such as food, water, air, clothing, and shelter.
True