+ All Categories
Home > Documents > Family & Household 1111 3333 2222 4444 5555 1111 3333 2222 4444 5555 1111 3333 2222 4444 5555 1111...

Family & Household 1111 3333 2222 4444 5555 1111 3333 2222 4444 5555 1111 3333 2222 4444 5555 1111...

Date post: 18-Dec-2015
Category:
View: 256 times
Download: 3 times
Share this document with a friend
Popular Tags:
52
Transcript

Family &Family &

HouseholdHousehold

1

3

2

4

5

1

3

2

4

5

1

3

2

4

5

1

3

2

4

5

1

3

2

4

5

Individual Individual Decision Decision MakingMaking

Group Group InfluencesInfluences

Income Income & Social & Social

ClassClass

Age SubAge Sub

culturescultures

Answer

Family & Household for 1

FLC

Back to the Game

Family & Household for 1

What is Family Life Cycle

Answer

Family & Household for 2

This group is likely to spend their money on cars, fridges, cookers, life assurance, durable furniture, holidays

Back to the Game

Family & Household for 2

What are Newly Married Couples

Answer

Family & Household for 3

This person controls the flow of information to other members

Back to the Game

Family & Household for 3

What are Gatekeepers

Answer

Family & Household for 4

In this type of Decision making, the group agrees on the desired purchasediffering only in terms of how it will be achieved.

Back to the Game

Family & Household for 4

What is Consensual Decision Making

Answer

Family & Household for 5

number of people (children and adults) in the family the ages of the family members Number of employed adults

Back to the Game

Family & Household for 5

What are the critical Consumption factors for families and households

Individual Decision Making for 1

Answer

In this form of problem solving the decision is perceived to carry a fair degree of risk so the consumer tries to collect as much info as possible and carefully evaluates each product alternative

Back to the Game

Individual Decision Making for 1

What is Extended Problem Solving

Answer

Individual Decision Making for 2

The total demand for all brands in a product category

Back to the Game

Individual Decision Making for 2

What is primary demand?

Answer

Individual Decision Making for 3

The immediate set of choices/brands that come to mind for purchase, plus products prominent in the environment

Back to the Game

Individual Decision Making for 3

What is the Evoked set

Answer

Individual Decision Making for 4

Daily Double

The place a product or service occupies in consumers' minds on important attributes relative to competitive offerings.

Back to the Game

Individual Decision Making for 4

What is Product Positioning

Answer

Individual Decision Making for 5"rules of thumb" people use to make judgements and decisions, such as never buy a car in the first model year

Back to the Game

Individual Decision Making for 5

What are Heuristics

Group Influences for 1

Answer

These groups Influence a person’s values, beliefs, attitudes and behaviors. about

products and brands What product attributes are important What lifestyles are desirable

Back to the Game

Group Influences for 1

What is a Reference Group

Answer

Group Influences for 2

The Salesperson who compliments you on your wise purchase of a pair of pants has this sort of power

Back to the Game

Group Influences for 2

What is reward power

Answer

Group Influences for 3

The type of function “the Fonz” (Henry Winkler) of Happy Days performed when he took out a library card in one episode of the show resulting in a 500% increase in library-card applications by 9-14 year olds.

Back to the Game

Group Influences for 3

What is utilitarian function

Check Your Answer

Group Influences for 4

This type of informal communications about a business or its products can be either negative or positive and is often considered the most powerful of all marketing methods

Back to the Game Board

Group Influences for 4

What is Word of Mouth

Check Your Answer

Group Influences for 5

These central figures in WOM communication are knowledgeable about products and their advice is taken seriously by others

Back to the Game Board

Group Influences for 5

What are opinion Leaders

Income & Social Class for 1

Check Your Answer

When the war with Iraq started this took a nose dive

Back to the Game Board

Income & Social Class for 1

What is consumer confidence

Check Your Answer

Income & Social Class for 2

relatively permanent strata in a society that are distinct subcultures

Back to the Game Board

Income & Social Class for 2

What are social classes

Check Your Answer

Income & Social Class for 3

Daily Double

These conspicuously consumed goods are used to provide evidence of wealth

Back to the Game Board

Income & Social Class for 3

What are status symbols

Check Your Answer

Income & Social Class for 4

This social class is often likely to approach consumption from a more aesthetic perspective than other classes

Back to the Game Board

Income & Social Class for 4

What are the upper classes

Check Your Answer

Income & Social Class for 5

This occurs when consumers deliberately mock a trend by carefully selecting products and consumption patterns that are not the current fashion or style

Back to the Game Board

Income & Social Class for 5

What is parody display?

Age Subcultures for 1

Check Your Answer

These people are of similar ages and have undergone similar experiences

Back to the Game Board

Age Subcultures for 1

What is an age cohort

Check Your Answer

Age Subcultures for 2

This age group directly influences the spending of their parents. Indirectly influences the spending of their parents for necessities and also have substantial spending power of their own

Back to the Game Board

Age Subcultures for 2

What are children

Check Your Answer

Age Subcultures for 3

Since university students have little time to watch TV one of the best ways to reach them is through these

Back to the Game Board

Age Subcultures for 3

What are college/univ newspapers/ magazines

Check Your Answer

Age Subcultures for 4

one of the most affluent sections of the population, controlling over $7 trillion in wealth

Back to the Game Board

Age Subcultures for 4

What are Baby Boomers

Check Your Answer

Age Subcultures for 5

This market is motivated by connectedness, autonomy, altruism, and personal growth

Back to the Game Board

Age Subcultures for 5

What is the Grey Market


Recommended