mrkt 319-test 1 – Flashcards

Unlock all answers in this set

Unlock answers
question
a specific desire that spells out a way a consumer can go about addressing a recognized need
answer
want
question
consumer behavior is related to other issues in our lives, like dating true/false
answer
true
question
differentiated marketers serve multiple market segments, each with a unique product offering true/false
answer
true
question
I often use my metal detector to find old artifacts that can help explain to me hw people lived and died in civil war. this type of analysis- using old artifacts- to explain how people lived is known as phenomenology true/false
answer
false
question
in undifferentiated marketing, the same basic product is offered to all customers true/false
answer
true
question
according to resource advantage theory, a firms succeeds by acquiring more resources from consumer and in turn using those resources to gain advantages in physical and intellectual capital true/false
answer
true
question
)____ focuses on thoughts, feelings, and behaviors that people have as they interact with other people
answer
social psychology
question
the acting out of a decision to give something up in return for something of greater value is called
answer
exchange
question
during obamas presidency, the amount of US debt is forecast to have
answer
doubled
question
women like to shop with their boyfriends/husbands because it brings them closer together true/false
answer
false
question
cognition refers to the mental or thinking processes that go on as we process and store information that becomes knowledge true/false
answer
true
question
which of the following is NOT an external influence on consumers? culture cognition situational influences social conveniences
answer
cognition
question
Every Saturday, my father would line up and polish all my family member's shoes. To this day, when I smell shoe polish I am reminded of my father shining shoes on the patio. To me, the odor of shoe polish gives me utilitarian value. true/false
answer
false: hedonic value
question
many European prefer to eat boiled eggs for breakfast, in the us we often eat fried eggs. this is probably due to different cultural norms as to what a breakfast should be. true/false
answer
true
question
products that are attractive because they help a consumer solve a problem or accomplish a task are said to offer
answer
utilitarian value
question
psychologists and marketers recognize that music can shape or influence behavior true/false
answer
true
question
a marketing strategy is primarily concerned with two things: a marketing mix and a target market true/false
answer
true
question
if your grandmother sits and tells you about your family background and how she grew up, she would be helping you to ____to your culture
answer
enculturate
question
Those who believe in customer relationship management believe that customers form relationships with companies as opposed to companies just conducting individual transactions with customers true/false
answer
true
question
My grandather owned an inexpensive single shot shotgun he used on hunts. To him, this shotgun which was purchased to put meat in his pot probably gave him more utilitarian value than hedonic value. true/false
answer
true
question
learning refers to a change in behavior resulting from an interaction between a person and a stimulus
answer
true
question
Cognitive interference is the notion that everything else the consumer is being exposed to while trying to remember something is taking up processing capacity and as a result interferes with memory and comprehension. true/false
answer
true
question
A guy takes a date to his apartment for the first time. The condition of the apartment (decor, cleanliness, colors, organization, etc) is likely to impact the way the date perceives the guy. true/false
answer
true
question
the use of color in an advertisement affects the likelihood of gaining a consumer's attention true/false
answer
true
question
Current research indicates that subliminal advertising works well and that smart marketers will include it in their promotional efforts true/false
answer
false
question
perception is important because people often change their behaviors on what they perceive true/false
answer
true
question
Researchers recognize several things can impact a consumer's ability to understand a message and have placed these things into three categories. Which of the following is not one of the three categories that impact a consumer's comprehension of a message? characteristics of the message reciever characteristics of the message characteristics of the environment characteristics of the product
answer
characteristics of the product
question
A voter perceives a politician to be a crook. In reality, the politician has never done anything wrong and is quite honest. a. The voter will recognize the reality of the politician being honest when a flood occurs and the politician can get money for the voter. b. The voter can be easily convinced that they are wrong. c. The voter can be persuaded easily by the politician that he/she is honest. d. The voter's perception is his/her reality and the truth as they see it.
answer
d) the voters perception is his/her reality and the truth as they see it
question
Most people in the world recognize that a sweet, sticky round food that is brown with a hole in the middle is a donut. This is a result of
answer
assimilation
question
When I was growing up, my family went to Destin almost every summer. To me, whenever I hear the word Destin I think of those trips. It brings back this kind of memory...
answer
episodic memory
question
marketing myopia
answer
The mistake of paying more attention to the specific products a company offers than to the benefits and experiences produced by these products.
question
Need, Want, Exchange, Costs of Benefits, Reaction, Value
answer
basic consumption process
question
basic consumption process
answer
Need, Want, Exchange, Costs of Benefits, Reaction, Value
question
An understanding of consumer behaviour can mean better business for companies, better public policy for governments, and a better life for individuals. true/false
answer
true
question
While consumer behaviour refers to human thought and action, it is not considered a field of study. true/false
answer
true
question
Consumer behaviour can be defined from two different perspectives:
answer
(1) human thought and action (2) a field of study that is developing an accumulated body of knowledge.
question
Consumer behaviour can be thought of as the actions, reactions, and consequences that take place as the consumer goes through a decision-making process, reaches a decision, and then uses the product. true/false
answer
true
question
Consumer behaviour is the set of value-seeking activities that take place as people go about addressing needs. true/false
answer
true
question
The basic consumption process begins with the consumer recognizing that he or she wants something new. true/false
answer
false: recognition of a need begins with the consumption process. A want describes how to go about that need.
question
The basic consumption process involves a consumer assessing the costs and benefits associated with a choice. true/false
answer
true
question
he final step in the consumption process is satisfaction. true/false
answer
false: value
question
An exchange is the acting out of a decision to give something up in return for something of equal value. true/false
answer
false; greater
question
Consumer behaviour represents the process by which goods, services, or ideas are used and transformed into value. true/false
answer
false; consumption
question
costs involve more than just the price of the product. true/false
answer
true
question
Benefits are the only result of consumption. true/false
answer
false; and costs
question
Consumer behaviour, as a field of study, is a very young field. true/false
answer
true
question
. Consumer behaviour has family roots in other disciplines such as economics, anthropology, and psychology. true/false
answer
true
question
Marketing's roots in economics are evident in the production and distribution of goods. true/false
answer
true
question
Psychology is the study of human reactions to their environment. true/false
answer
true
question
The sub-disciplines of psychology that are highly relevant to consumer behaviour are social psychology and experimental psychology. true/false
answer
false: social and cognitive psychology
question
Anthropology focuses on the thoughts, feelings, and behaviours that people have as they interact with other people. true/false
answer
false; social psychology
question
Cognitive psychology is helpful in understanding how consumers process information from marketing communications such as advertisements. true/false
answer
true
question
Marketing activities include the production, promotion, pricing, and distribution of goods, services, ideas, and experiences that provide value for consumers and other stakeholders. true/false
answer
true
question
Consumer behaviour focuses primarily on the study of groups of people within a society. true/false
answer
false: sociology
question
Anthropology has contributed to consumer behaviour research by allowing researchers to interpret the relationships between consumers and the things they purchase, the products they own, and the activities in which they participate. true/false
answer
true
question
A highly competitive marketplace in which consumers have many alternatives is more likely to result in better customer service than a marketplace with little competition. true/false
answer
true
question
A market-oriented firm stresses the importance of creating value for customers among all employees. true/false
answer
true
question
Relationship marketing is based on the belief that firm performance is enhanced through repeat business. true.false
answer
true
question
nteraction points refer to direct contacts between the firm and a customer. true/false
answer
false; touchpoints
question
One theory explaining why companies succeed or fail is attribution theory. true.false
answer
false: resource advantage theory
question
Benefits are the physical parts of a product. true.false
answer
false; attributes
question
A product is a potentially valuable bundle of benefits. true.false
answer
true
question
Undifferentiated marketers generally adopt a market orientation true/false
answer
false; product orientation
question
A market orientation means innovation is geared primarily toward making the production process as efficient and economic as possible true.false
answer
false: product orientation
question
Differentiated marketing can be taken to the extreme with a practice known as one-to-one marketing. true/false
answer
true
question
Niche marketers specialize in serving one market segment. true/false
answer
true
question
There are several approaches to studying consumer behaviour, but most researchers agree that the interpretive approach is the best. true/false
answer
false
question
Interpretive research seeks to explain the inner meanings and motivations associated with specific consumption experiences. true/false
answer
true
question
Quantitative research tools include things such as case analyses, clinical interviews, focus group interviews, and other tools in which data are gathered in a relatively unstructured way. true/false
answer
false:qualitative
question
Data generated from qualitative research are considered "researcher-dependent." true/false
answer
true
question
The roots of interpretive consumer research go back over 150 years to the earliest days of consumer research. true/false
answer
false; just over 50 years
question
The motivational research era in consumer research proved to be very useful in providing satisfying explanations for consumer behaviour on a large scale. true/false
answer
false
question
Two common interpretative orientations are psychology and sociology. true/false
answer
false: phenomenology and ethnography
question
The phenomenological researcher relies on highly structured, formal interviews with consumers. true/false
answer
false: casual interviews
question
An ethnographic approach to studying consumers often involves analyzing the artifacts associated with consumption. true.false
answer
true
question
One demographic trend impacting marketers is that households increasingly include two primary income providers. true/false
answer
true
question
One demographic trend shaping consumer behaviour is the decreasing birth rates in the U.S. and Europe. true/false
answer
true
question
What is the last step in the basic consumption process? a. exchange b. value c. reaction d. costs and benefits
answer
b
question
Renee is going to a formal dance next month and goes shopping for a full-length gown. What does the gown exemplify in the basic consumption process? a. need b. want c. reaction d. satisfier
answer
b
question
7. Customers pay money for products they believe will satisfy their needs and wants. What is the term for this transfer of money for goods or services? a. benefit gratification b. consumption c. transformational marketing d. exchange
answer
d
question
What is the term for the negative results of consumption?
answer
costs
question
When consumers recognize they have an unmet need, they usually seek out specific products or services that they believe will satisfy that need and provide value to them. They are willing to give up something, such as money and effort, to find the products or services that will provide the benefits they seek. What is the term for this process that consumers go through to satisfy their needs?
answer
consumption
question
Melanie is a psychologist who studies consumer behaviour. She specializes in the mental reactions involved in consumer information processing, such as how advertisements persuade consumers to buy a product. Which field of psychology is Melanie practising? a. qualitative psychology b. personal psychology c. cognitive psychology d. social psychology
answer
c
question
Which area involves the multitude of value-producing activities that facilitate exchanges between buyers and sellers? a. consumer behaviour b. marketing c. psychology d. economics
answer
b
question
Marketing as a recognized discipline grew out of two other disciplines. What are the two disciplines? a. economics and psychology b. psychology and anthropology c. psychology and sociology d. sociology and economics
answer
a
question
Which discipline has contributed to consumer behaviour research by allowing researchers to interpret the relationships between consumers and the things they purchase, the products they own, and the activities in which they participate? a. economics b. sociology c. anthropology d. cognitive psychology
answer
c
question
Due to the competitive nature of the restaurant industry, Harry's Town Pub has implemented a new employee training program that prioritizes providing high-quality customer service and focusing on patron satisfaction. Which type of orientation is Harry's focusing on? a. sales orientation b. employee orientation c. consumer orientation d. inward orientation
answer
c
question
The Ritz-Carlton Hotel has a culture that embodies the importance of creating value for guests among all employees. One way this is implemented is by giving the front desk employees the authority to correct a problem presented by a guest without having to have approval from a manager. Which type of orientation does this company embrace? a. market orientation b. product orientation c. sales orientation d. outward orientation
answer
a
question
According to the textbook, what is the ultimate hallmark of success for a business? a. maximum profits b. maximum sales c. long-term survival d. short-term sales
answer
c
question
Which theory has "obtaining resources from consumers in return for the value they create" as a basic tenet for explaining why companies succeed or fail? a. attribution theory b. resource-advantage theory c. the theory of reasoned action d. resource-elaboration theory
answer
b
question
What is the definition of a product? a. a potentially valuable bundle of benefits b. a physical good offered to satisfy a need c. an item offering perceived value to a target market d. a resource allocated toward satisfying a felt need
answer
a
question
Which of the following is practised by a company that embraces differentiated marketing? a. adopting innovative production processes to gain efficiency and economies of scale b. specializing in serving one market segment with particularly unique demand characteristics c. focusing marketing efforts on the largest market segment d. serving multiple market segments each with a unique product offering
answer
d
question
Procter & Gamble sells six different brands of laundry detergent, each with a unique offering for different market segments. Which business orientation does this illustrate? a. undifferentiated marketing b. differentiated marketing c. niche marketing d. multiple marketing
answer
b
question
Lane Bryant is a women's clothing store specializing in stylish clothing and flattering fits for plus-sized women. Which business orientation best describes Lane Bryant's approach? a. niche marketing b. one-to-one marketing c. mass marketing d. product marketing
answer
a
question
Which of the following represents a pair of common interpretive research orientations? a. regression and cluster analysis b. phenomenology and ethnography c. primary and secondary d. qualitative and quantitative
answer
b
question
Which field of study represents the study of consumption as a "lived experience" and relies on casual interviews with consumers from whom the researcher has won confidence and trust? a. touchpoint analysis b. psychology c. sociology d. phenomenology
answer
d
question
Which field of study has roots in anthropology and often involves analyzing the artifacts associated with consumption? a. sociology b. phenomenology c. ethnography d. conjoint analysis
answer
c
question
Which statement is NOT true regarding quantitative research? a. common purpose is to test hypotheses or specific research questions b. structured response categories provided c. samples are typically large to produce generalizable results d. results are subjective
answer
d
question
hich aspect of the changing economy likely has the most impact on consumer spending? a. high interest rates b. high tax rates c. high prices d. high unemployment rate
answer
d
Get an explanation on any task
Get unstuck with the help of our AI assistant in seconds
New