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BUS 460 EXAM 1 STUDY GUIDE QUESTIONS WITH CORRECT ANSWERS

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BUS 460 EXAM 1 STUDY GUIDE QUESTIONS WITH CORRECT ANSWERS

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iconic memory


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very brief memory for things we see




Graded Structure


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-Some members represent category better than others
-Not all category members are created equal




Goal-Derived (or Ad Hoc) categorize

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-Contain things we perceive as relevant to a goal
-We use rules/experience to create these
-Examples:
■Things to do on a Friday night
■Things you eat on a diet




Selective Exposure


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marketers control when consumers encounter the brand
◦Example - a high end clothing brand might only advertise in Vogue




Government


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-Government data, such as census data, are often used by marketing
researchers to estimate market size.
-Government studies by agencies such as CPSP, DOT, FDA and FTC are
designed for consumer protection.




Multiattribute Attitude Model (a type of E-V model)


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, Where AO = Attitude toward the object
n = number of salient beliefs
bi = strength of salient beliefs
ei = evaluation of beliefs




Who Benefits from Study of Consumer Behavior?


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Marketing Managers
Ethicists/Advocacy Groups
Public Policy Makers/Regulators
Academics
Consumers




Types of Perceived Risk


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Performance risk
Physical risk
Social risk
Psychological risk
Time risk




To reduce dissonance:


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, change our behavior or attitude




Ways experts differ from novices


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-Category structure is more developed
-Have more categories, more associations and a better understanding
-Have more subordinate-level categories




Chapter 3


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Exposure, Attention, and Perception




Focus Groups


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Group of 6-12 lead by trained moderator

Express opinions and experiences in consumers' own words

Qualitative

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