Summary

Summary Overview of Key terms and Concepts Consumer Behaviour ch1-10 +17 (book)

41 views 5 purchases

Course
Consumer behavior (MANMMA024)

Institution
Radboud Universiteit Nijmegen (RU)

Book
Consumer Behavior

This is an overview (in table form) of all the key terms (with explanations) and most important concepts of Chapters 1-10 + 17 from the book 'Consumer Behavior' by Hoyer, Macinnes, and Pieters (7th edition), used for the course Consumer Behaviour 2023/2024 (Radboud University).

[Show more]

Preview 3 out of 24 pages

View example

Summarized whole book? No
Which chapters are summarized? Hoofdstuk 1-10 + 17
Uploaded on October 6, 2023
Number of pages 24
Written in 2023/2024
Type Summary

consumer behaviour
hoyer
master marketing
pieters
mcinnis

Book Title:Consumer Behavior

Author(s):Wayne D. Hoyer, Deborah J. Macinnis

Edition:01-01-2017
ISBN:9781305507272
Edition:7

Summary
Summary Book chapters 1 t/m 10 + 17 Consumer Behavior
Summary
Summary Marketing for premasters 2nd Midterm Tilburg University 8th edition
Summary
Samenvatting consumer behavior 8th edition 1st Midterm

Institution
Radboud Universiteit Nijmegen (RU)
Education
Master Marketing
Course
Consumer behavior (MANMMA024)

britjes

Member since 4 year 15 documents sold

CA$5.40

Added

Add to cart

Add to wishlist

100% satisfaction guarantee
Immediately available after payment
Both online and in PDF
No strings attached

Overview of key terms Chapters 1-10 + 17 (book Consumer Behaviour)

Chapter 1
Consumer behavior is the totality of consumers' decisions with respect to the
acquisition, consumption, and disposition of goods, services,
activities, experiences, people, and ideas by (human)
decision-making units [over time].
→ is a dynamic process (sequence of acquisition, consumption,
and disposition over time)

Offering a product, service, activity, experience, or idea offered by a
marketing organization to consumers.

Acquisition is the process by which a consumer comes to own an offering
(buying, renting, leasing)

Usage is the process by which a consumer uses an offering.

Disposition is the process by which a consumer discards an offering (give
away, sell it, throw away)

Roles of individuals ● information gatherer (researching options)
engaging in consumer ● influencer (try to affect the outcome of a decision)
behavior ● decider (making a decision)
● purchaser (buying)
● user (using item)

Culture the typical or expected behaviors, norms, and ideas that
characterize a group of people.

Reference group a group of people consumers compare themselves with for
information regarding behavior, attitudes, or values

Symbols are external signs that consumers use to express their identity

Marketing is the activity, set of institutions, and processes for creating,
communicating, delivering, and exchanging offerings with value for
individual groups and society.

Model of consumer 1. psychological core (consumers must have a source of
behavior knowledge of information to base the decision)
2. the process of making decisions (problem recognition,
search information, making judgments and decisions,
making post-decision evaluations
3. the consumer’s culture (decisions are affected by culture)
4. consumer behavior outcomes and issues

Business decisions 1. developing and implementing a customer-oriented strategy
based on consumer 2. selecting the target market
research 3. developing products
4. positioning
5. promotion and marketing communication decisions
6. making price decisions
7. making distribution decisions

1

,5 groups who use 1. marketing managers
consumer research 2. ethicists and advocates
3. public policy makers and regulators
4. academics
5. consumer and society

7 steps in making 1. developing and implementing customer-oriented strategy
business decisions 2. selecting the target market
3. developing products
4. positioning
5. promotion and marketing communications decisions
6. making price decisions
7. making distribution decisions

Appendix after Chapter 1
Primary data is data originating from a research and collected to provide
information relevant to a specific research project

Secondary data is data collected for some other purpose that is subsequently
used in a research project

Survey is a method of collecting information from a sample of consumers,
predominantly by asking questions.

Focus group is a form of interview involving 8 to 12 people, a moderator leads
the group and asks participants to discuss a product, concept or
other marketing stimulus

Storytelling is a research method by which consumers are asked to tell
stories about product acquisition, usage or disposition
experiences. These stories help marketers gain insight into
consumer needs and identify the product attributes that meet
these needs

Independent variables are the ‘treatment’ or the entity that researchers vary in a
research project

Market tests a study in which the effectiveness of one or more elements of the
marketing mix is examined by evaluating sales of the product in
an actual market

Conjoint analysis a research technique designed to determine the relative
importance and appeal of different levels of an offering’s attributes

Ethnographic research in-depth qualitative research using observations and interviews
(often over repeated occasions) of consumers in real-world
surroundings. often used to study the meaning that consumers
ascribe to a product or consumption phenomenon.

Data mining searching for patterns in a company database that offers clues to
customer needs, preferences, and behaviors

Netnography is observing and analyzing the online behavior and comments of
consumers

2

, Research Foundation is a nonprofit organization that sponsors research on topics
relevant to the foundation's goals.

Trade Group is a professional organization made up of marketers in the same
industry

Chapter 2
Motivation is an inner state of activation that provides energy to achieve a
goal (what moves people)

Effects of motivation ● high-effort behavior (behavior that takes effort)
● high-effort information processing and decision making
● felt involvement

Motivated reasoning processing information in a way that allows consumers to reach
the conclusion that they want to reach

Felt involvement the consumer’s experience of being motivated with respect to a
product or service, or decisions and actions about these

Enduring involvement long-term interest in an offering, activity, or decision

Situational (temporary) temporary interest in an offering, activity, or decision, often caused
involvement by situational circumstances

Cognitive involvement interest in thinking about and learning information pertinent to an
offering, activity, or decision

Affective involvement interest in expending emotional energy and evoking deep feelings
about an offering, activity, or decision

Response involvement interest in certain decisions and behavior

Motivation is affected 1. personal relevance
when consumers 2. consistent with their self-concept, values, needs, goals,
regard something as and self-control processes
3. risky
4. moderately inconsistent with prior attitudes

Personal relevance is something that has a direct bearing on the self and has
potentially significant consequences or implications for our lives.

Self-concept is our mental view of who we are

Values are abstract, enduring beliefs about what is right/ wrong, important
or good/ bad

Need an internal state of tension experienced when there is a
discrepancy between the current and an ideal or desired physical
or psychological state

Maslow’s Hierarchy of 1. physiological (food, water, sleep)
Needs 2. safety (need for shelter, protection, and security)
3. social (need for affection, friendship, and belonging)

3

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller britjes. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$5.40. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

78291 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling

Summary

Summary Overview of Key terms and Concepts Consumer Behaviour ch1-10 +17 (book)

Document information

Subjects

Connected book

More summaries for

Written for

Seller

Reviews received

Content preview