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MAR 4503 - Consumer Behavior Midterm (CH. 1-7) Questions with Correct Answers

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MAR 4503 - Consumer Behavior Midterm (CH. 1-7) Questions with Correct Answers

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MAR 4503 - Consumer Behavior Midterm (CH. 1-7)
Questions with Correct Answers
The ______________ is the center of the business universe Correct
Answer-consumer


___________ are those who identify their need/desire, make purchases,
use products/services, and eventually dispose of it Correct Answer-
Consumers


Consumers may be purchasers, users, influencers, organizations, and/or
groups (True/False) Correct Answer-True


In the early stages of development, marketing was referred to as
______________________ Correct Answer-"buyer behavior"


Consumer behavior is an ongoing process, NOT just one transactional
process. (True/False) Correct Answer-True


Exchange is the ____________________________ Correct Answer-the
transaction between two or more things


Consumer behavior is the study of the process where individuals/groups
_________, ____________, or ____________ products, services, ideas,
or experiences to satisfy needs and desires Correct Answer-select, use,
or dispose

,What are the 3 stages in the Consumption Process? Correct Answer-pre-
purchase, purchase, and post-purchase


What is the pre-purchase stage? Correct Answer-consumers form their
needs/wants and conduct information research about a product/service


What is the purchase stage? Correct Answer-consumers expect a product
to solve their problems and want a pleasant experience


What is the post-purchase stage? Correct Answer-consumers evaluate if
the product solved their problems and form positive or negative attitudes
of it


Knowledge and data about consumers by _______________ consumers
(e.g., marketing analytics via social media) Correct Answer-segmenting


The process of market segmentation that identifies groups of consumers
who are similar to one another and then divides strategies that appeal to
one or more groups Correct Answer-demographics


What are some examples of demographics? Correct Answer-age, gender,
family structure, income, race or ethnicity, geography


What are the three fastest growing ethnic groups in the US? Correct
Answer-African Americas, Hispanic Americans, and Asian Americans

,What is psychographics? Correct Answer-composed of consumer
lifestyles (how they feel about themselves, what they value, what they
do in their spare time)


___________ __________ is when brands interact with customers
regularly; give them reasons to maintain a bond with the company
Correct Answer-relationship marketing


___________ ____________ is the tracking of specific consumers'
buying habits and crafting products and messages tailored precisely to
peoples wants Correct Answer-database marketing


_____ _______ is the collection and analysis of extremely large data sets
which can influence many areas of a consumer's life (ex: expressing
opinions on social media where marketers gather that useful information
to measure their target consumer) Correct Answer-big data


What are the 4 consumer-brand relationship types? Correct Answer-1.
self-concept attachment
2. nostalgic attachment
3. interdependence
4. love


A certain brand helps to establish a user's identity (brand help consumers
create who they are, and reflect who they want to be) Correct Answer-
self-concept attachment

, A certain brand serves as a link to the consumer's past (brand reminds
consumer of the good days) [ex: Disney] Correct Answer-nostalgic
attachment


A brand that is part of a consumer's daily routine (ex: hair products,
mobile phones, clothes, laptops, etc.) Correct Answer-interdependence


A brand that generates emotions bonds of warmth, passion, and other
strong emotions (consumers become emotionally attached to a brand out
of love) Correct Answer-love


Social marketing encourages positive behavior, and discourage negative
behavior (True/False) Correct Answer-True


Companies that adopt this philosophy choose to protect and enhance the
natural environment as they go about their business activities Correct
Answer-green marketing


____________ __________ is when consumers may suffer from attacks
from others (ex: toxic substance, cyberterrorism) Correct Answer-
consumer terrorism


___________ _____________ is repetitive and excessive shopping to
alleviate anxiety or depression (ex: shopaholics) Correct Answer-
compulsive consumption

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