MKTG 3310 – Exam 3

22 October 2023
4.8 (134 reviews)
20 test answers

Unlock all answers in this set

Unlock answers (16)
question
High levels of perceived risk
answer
Which of the following would motivate consumers to engage in external information search?
question
Other people
answer
Which of the following has the most influence on an individual's purchase decision?1
question
Buyer's remorse
answer
a discomfort caused by post-purchase conflict.
question
Alternative evaluation
answer
In which of the following stages of the buyer decision process does a consumer compare multiple products with similar attributes?
question
Which of the following is the first stage of the buyer decision process?
answer
Need recognition
question
Motive
answer
A need that is sufficiently pressing to direct a person to seek satisfaction
question
Reference group
answer
A shoe company's ads feature the members of a popular country music band. Product sales increase significantly among the band's fans. From the fans' viewpoint, the band is a
question
Family
answer
Which of the following is a social factor that influences consumer buying behavior?
question
Reference groups, family, roles and statuses
answer
Social factors that influence consumer behavior
question
Motivation, perception, learning, beliefs and attitudes
answer
Psychological factors that influence consumer behavior
question
Performance, financial, physical (safety), social, psychological, time
answer
Types of perceived risk
question
Need recognition, information search, evaluation of alternatives, purchase decision, post-purchase behavior
answer
Buyer decision process
question
Business buyer behavior
answer
Refers to the buying behavior of the organizations that buy goods and services for use in the production of other products and services that are sold, rented, or supplied to others
question
Steps in Target Marketing
answer
Market Segmentation, Target Marketing, Market Positioning
question
Market Segmentation
answer
Dividing a market into distinct groups with distinct needs, characteristics, or behavior who might require separate products or marketing mixes
question
Geographical, demographic, psychographic, behavioral
answer
Segmenting consumer markets
question
Consists of a set of buyers who share common needs or characteristics that the company decides to serve
answer
Target market
question
Undifferentiated marketing (mass), differentiated (segmented), concentrated (niche), micro-marketing (local or individual)
answer
Target Market Segments
question
Identify possible competitive advantages, choosing the right competitive advantage, choosing a positioning strategy
answer
Choosing a positioning strategy
question
Reference, aspirations groups
answer
Social Factors