Document 16059904

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Family &

Household

1

Individual

Decision

Making

1

Group

Influences

1

2

3

4

5

2

3

4

5

2

3

4

5

3

4

5

Income

& Social

Class

1

2

3

4

5

Age Sub cultures

1

2

Family & Household for 1

FLC

Answer

Family & Household for 1

What is Family

Life Cycle

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Family & Household for 2

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

Answer

Family & Household for 2

What are Newly

Married Couples

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Family & Household for 3

This person controls the flow of information to other members

Answer

Family & Household for 3

What are

Gatekeepers

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Family & Household for 4

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

Answer

Family & Household for 4

What is Consensual

Decision Making

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Family & Household for 5

 number of people (children and adults) in the family

 the ages of the family members

 Number of employed adults

Answer

Family & Household for 5

What are the critical

Consumption factors for families and households

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Individual Decision

Making for 1

Answer

Individual Decision

Making for 1

What is Extended

Problem Solving

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Individual Decision

Making for 2

The total demand for all brands in a product category

Answer

Individual Decision

Making for 2

What is primary demand?

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Individual Decision

Making for 3

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

Answer

Individual Decision

Making for 3

What is the

Evoked set

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Individual Decision

Making for 4

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

Answer

Daily

Double

Individual Decision

Making for 4

What is Product

Positioning

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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

Answer

Individual Decision

Making for 5

What are Heuristics

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Group Influences for 1

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

 products and brands

 What product attributes are important

 What lifestyles are desirable

Answer

Group Influences for 1

What is a Reference

Group

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Group Influences for 2

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

Answer

Group Influences for 2

What is reward power

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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.

Answer

Group Influences for 3

What is utilitarian function

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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

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Group Influences for 4

What is Word of

Mouth

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Group Influences for 5

These central figures in

WOM communication are knowledgeable about products and their advice is taken seriously by others

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Group Influences for 5

What are opinion

Leaders

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Income & Social Class for 1

When the war with

Iraq started this took a nose dive

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Income & Social Class for 1

What is consumer confidence

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Income & Social Class for 2 relatively permanent strata in a society that are distinct subcultures

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Income & Social Class for 2

What are social classes

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Income & Social Class for 3

These conspicuously consumed goods are used to provide evidence of wealth

Daily

Double

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Income & Social Class for 3

What are status symbols

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Income & Social Class for 4

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

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Income & Social Class for 4

What are the upper classes

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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

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Income & Social Class for 5

What is parody display?

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Age Subcultures for 1

These people are of similar ages and have undergone similar experiences

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Age Subcultures for 1

What is an age cohort

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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

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Age Subcultures for 2

What are children

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Age Subcultures for 3

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

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Age Subcultures for 3

What are college/univ newspapers/ magazines

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Age Subcultures for 4 one of the most affluent sections of the population, controlling over $7 trillion in wealth

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Age Subcultures for 4

What are Baby

Boomers

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Age Subcultures for 5

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

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Age Subcultures for 5

What is the Grey

Market

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