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Exam (elaborations)

MRKTNG 3000 EXAM 2 QUESTIONS WITH CORRECT ANSWERS

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MRKTNG 3000 EXAM 2 QUESTIONS WITH CORRECT ANSWERS ...

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Institution
MRKTNG 3000
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MRKTNG 3000

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Uploaded on
May 7, 2025
Number of pages
22
Written in
2024/2025
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MRKTNG 3000 EXAM 2 QUESTIONS WITH
CORRECT ANSWERS


Consumer Behavior - ANSWER Describes how consumers make purchase decisions

Model of buying behavior - ANSWER Marketing stimuli, other stimuli --> Buyers
Characteristics, buyers decision process ---> Buyers decision

Consumer buying process - ANSWER Problem recognition,

information search,

evaluation of alternatives,

purchase decision,

post purchase behavior

Innate needs - ANSWER Physiological needs for food, water, air, clothing, shelter, sex

test example for innate needs/ problem recognition - ANSWER sleep

Acquired needs - ANSWER Needs that are learned in response to ones culture or
environment such as need for esteem, prestige, affection or power

Trio of needs - ANSWER power, affiliation, achievement

Need of power - ANSWER Individuals desire to control environment, could be learning
or even air conditioning.

Maslow's Hierarchy of Needs - ANSWER physiological, safety, social, esteem,
self-actualization

Factors of Consumer Behavior - ANSWER Social, Cultural, Personal, Psychological

Family influences on consumer behavior - ANSWER Most important group influence ex.
husbands influencing food wives influencing car choice

Reference group on consumer behavior - ANSWER Groups that serve influence
attitudes and buying behaviors

ex. opinion leaders exerting special influence ; warren buffet "good time to buy stocks"

Role and Status on consumer behavior EX. - ANSWER Jamal promoted to IT manager
needs the best smartphone tech to set a good example for his team

Cultural influence on consumer behavior - ANSWER Set of basic values and behaviors

,shared by members of society ; learned while growing up

Ex. U.S shift in health trends

Subcultures influence on consumer behavior - ANSWER smaller groups within a culture
that have shared value systems

ex. U.S latino market influencing brands and food

social class influence on consumer behavior - ANSWER e.g. upper middle, working ,
lower class

Determined by many factors including income, education, and wealth being most
important factor

Personal influence on consumer behavior - ANSWER Age and life-cycle, occupation,
economic situation , personality

Age and life cycle stage example - ANSWER when you become a parent, a bigger
automobile is needed

Economic situation examples - ANSWER during a recession, firms advertise their
products as a "good value"

Personality on consumer behavior - ANSWER refers to relatively enduring psychological
characteristics

ex. social extroverts, difficult to identify a segment by personality

types of psychological influences - ANSWER Motivation, perception, learning, beliefs,
attitudes

Motives influence on consumer behavior - ANSWER A need that is sufficient to trigger
the person to satisfy it, motives are often subconscious and difficult to uncover

ex. Joel bought a sports car in order to impress others

Perception influence on consumer behavior - ANSWER The process people use to
select, organize and interpret information

what is selective attention - ANSWER people screen out most information they are
exposed to so ads must strike a strong cord with the target market

what is selective distortion - ANSWER The tendency for people to interpret information
in a way that conforms to their prior beliefs

what is selective retention - ANSWER The tendency to retain only information that
supports existing attitudes and beliefs

Learnings influence on consumer behavior - ANSWER Changes in behavior arising from
experience

, A drive (internal stimulus) becomes a motive when directed toward a stimulus object
(something that might satisfy the drive or need)

What are cues - ANSWER stimuli that determines when and where and how a person
might respond

Beliefs influence of consumer behavior - ANSWER A descriptive thought about
something

ex. "tesla is too expensive for me"

Attitudes influence on consumer behavior - ANSWER A person's relatively consistent
evaluation toward something or idea

" one should always pay more for good furniture"

- attitudes are hard to change but promotion can counter peoples beliefs

Stages of the consumer buying process - ANSWER 1. need recognition

2. information search

3. alternative evaluation

4. purchase decision

5. post purchase behavior

What is Need Recognition? - ANSWER Recognition that there is a need or want that
requires satisfaction.

Primary need - ANSWER food, water, shelter, comfort, safety

Secondary need - ANSWER Acquired or learned ex. power, affiliation, achievement

What triggers needs - ANSWER A stimulus

Internal stimulus - ANSWER Hunger or thirst

External Stimulus - ANSWER Comes from either

- having a problem with a product such as it breaking

- marketing mix elements

Most important external stimuli to simulate needs - ANSWER advertising

Information Search Stage - ANSWER consumers try to find out what the alternatives are
and what information is available for each alternative

Internal Information search - ANSWER Process of recalling information stored in the
memory, stems from previous experience

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