A | B |
Consumer Decision Making | thought process of a purchasing decision |
Internal Search | searching information based on previous experiences of using the product or service |
External Search | searching for outside information to learn about the product or service |
Cognitive Dissonance | post-purchase anxiety caused by the doubt of whether a correct purchase decision has been made |
Demographic Status | quantifiable statics detailing an individual’s current status, such as age, gender, ethnicity, occupation and income |
Target Market | specific group for which a business's products, services and marketing efforts are intended |
Lifestyle | mode of living which reflects the attitudes and values of an individual or group |
Personality | individual’s consistent pattern of interactions in response to recurring situations which forms a distinctive character |
Perception | process in which an individual creates personal experience by selecting, organizing and interpreting information available to him or her |
Selective Exposure | consumers actively choose messages which they want to see |
Selective Attention | consumers decide how much attention they would like to give to a message |
Selective Comprehension | consumers interpret information so that it is consistent with their beliefs and values |
Motivation | energizing force which causes action to satisfy a need |
Attitude | predisposition to respond to a product or brand in a favorable or unfavorable way |
Belief | subjective perception of how well a product or brand performs |
Culture | set of symbols, rules and values which are formed by a homogeneous group of people and transmitted to the next generation |
Reference Group | groups to which an individual looks as a source of personal standards |
Family | group consisting of parents and children living together in a household |
Family Life Cycle | different stages of a family experience, such as marriage, birth and retirement |