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Analyzing Consumer Markets

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Questions

Question 1

According to the definition provided, what is consumer behavior?

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Question 2

Which of the following is considered the fundamental determinant of a person's wants and behavior?

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Question 3

What type of groups are those that a person hopes to join?

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Question 4

What are the two types of families that influence a buyer's life, as described in the chapter?

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Question 5

According to research on the life stage of newlyweds in the United States, how much do they spend in total on their households in the first year after marriage?

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Question 6

What is the term for the specific mix of human traits that can be attributed to a particular brand?

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Question 7

Which of the following is NOT one of the five brand personality traits identified in Jennifer Aaker's research?

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Question 8

In the context of psychological processes, which theory of motivation assumes that the psychological forces shaping people's behavior are largely unconscious?

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Question 9

According to Maslow's Hierarchy of Needs, what is the highest level of need, which involves self-development and realization?

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Question 10

Frederick Herzberg's two-factor theory distinguishes between which two types of factors affecting motivation?

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Question 11

What is the perceptual process whereby consumers screen most stimuli out?

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Question 12

The tendency for consumers to interpret information in a way that fits their preconceptions is known as what?

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Question 13

In the context of learning theory, what are minor stimuli that determine when, where, and how a person responds?

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Question 14

Which memory model, discussed in the chapter, views long-term memory as a set of nodes and links?

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Question 15

What is the first stage in the five-stage model of the consumer buying process?

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Question 16

In the context of information sources for a buying decision, which group includes advertising, Web sites, salespersons, and packaging?

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Question 17

Within the dynamics of an information search, what is the term for the subset of brands that a consumer will know?

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Question 18

What is the term for a person's enduring favorable or unfavorable evaluations, emotional feelings, and action tendencies toward some object or idea?

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Question 19

Using the expectancy-value model example in Table 6.3, what would be the perceived value for Laptop B if its ratings are 7 for memory capacity, 7 for graphics capability, 7 for size and weight, and 7 for price, and the attribute weights are 40 percent, 30 percent, 20 percent, and 10 percent respectively?

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Question 20

Which noncompensatory model of consumer choice involves the consumer choosing the best brand on the basis of its perceived most important attribute?

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Question 21

When a consumer's decision to modify, postpone, or avoid a purchase is influenced by the concern that the product will not perform to expectations, what type of perceived risk is this?

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Question 22

Postpurchase satisfaction is described as a function of the closeness between what two factors?

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Question 23

Studies cited in the chapter show that while customers are dissatisfied with their purchases about 25 percent of the time, only what percentage of them complain?

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Question 24

The elaboration likelihood model, an influential model of attitude formation and change, describes which two means of persuasion?

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Question 25

What is the term for the decision heuristic where consumers base their predictions on the quickness and ease with which a particular example of an outcome comes to mind?

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Question 26

What is the term from behavioral economics that describes the way consumers code, categorize, and evaluate financial outcomes of choices?

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Question 27

According to the principles of mental accounting, what is the 'silver lining' principle?

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Question 28

A classic depiction of social classes in the United States mentioned in the text defines how many ascending levels?

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Question 29

Which personal factor that influences a buyer's decision includes the family life cycle and psychological life-cycle stages?

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Question 30

When a person's need, such as hunger or thirst, arises from a physiological state of tension, it is classified as what type of need?

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Question 31

In the context of sensory marketing, what is the last sense that we lose with age?

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Question 32

What is the term for a strong internal stimulus that impels a person to action?

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Question 33

The hedonic bias, a concept from learning research, describes a general tendency for people to attribute success to themselves and failure to what?

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Question 34

According to the chapter, which of the following is an example of an 'experiential' source of information for consumers?

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Question 35

The process of identifying the hierarchy of attributes that guide consumer decision making is called what?

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Question 36

Which intervening factor that can come between purchase intention and purchase decision is influenced by both the intensity of the other person's negative attitude and our motivation to comply?

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Question 37

If a consumer buys a new product and the performance exceeds expectations, the consumer is said to be what?

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Question 38

What is the key driver of sales frequency mentioned in the section on Postpurchase Uses and Disposal?

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Question 39

Buying situations characterized by low consumer involvement but significant brand differences often lead to what kind of behavior?

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Question 40

In the context of the elaboration likelihood model, consumers are said to follow the central route only if they possess sufficient motivation, ability, and what third factor?

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Question 41

Which decision heuristic explains why a recent product failure might lead a consumer to inflate the likelihood of a future product failure?

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Question 42

What is decision framing?

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Question 43

According to the U.S. Consumer Almanac table, what was the largest category of average U.S. outlays for goods and services in 2013?

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Question 44

Based on the U.S. Consumer Almanac data for 2013, how many hours on average did employed persons ages 25 to 54 with children spend on working and related activities on a workday?

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Question 45

What are the five roles people can play in a buying decision, as listed in the chapter?

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Question 46

Which memory process describes how and where information gets into memory?

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Question 47

What is the primary reason that memory retrieval can be difficult in a crowded product category like airlines or financial services?

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Question 48

In the five-stage model, what is the milder search state where a person simply becomes more receptive to information about a product?

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Question 49

Which of the three noncompensatory choice heuristics involves comparing brands on an attribute selected probabilistically and eliminating those that don't meet a minimum cutoff?

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Question 50

What is the term for a person’s pattern of living in the world as expressed in activities, interests, and opinions?

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