MKT 300
Review Sheet - Exam 2
Key Concepts and Terms
Chapter 5 - Marketing Information, Research, and Analysis
information system (DSS, MIS)
marketing decision support system (MDSS)
marketing information system (MIS)
input into an information system
database
marketing research
causal research, exploratory research
primary data/secondary data
quantitative data/qualitative data
data collection methods:
focus groups, observation, experiments, surveys
independent variable/dependent variable
population
sample
probability sample, nonprobability sample
respondents
sampling error
census
test marketing
hypothesis
mall intercepts
market
Chapter 6 - Consumer Buying Behavior
consumer behavior
ultimate consumers
purchase decision process
postpurchase dissonance
influences on consumer behavior
high-involvement purchases, low-involvement purchases
motivation
perception
perceived risk
learning
brand loyalty
personality
attitudes
culture
social class
reference groups
membership groups, aspiration groups, disassociative groups
consumer socialization
situational influences
self-concept
opinion leaders
word-of-mouth communication
types of problem solving
- extented problem solving, limited problem solving, routine problem solving
consideration set
cohort subculture
self-concept
Chapter 7 - Organizational Buying Behavior
organizational markets
- industrial markets
- institutional markets
- government markets
- reseller markets
organizational (business-to-business) marketing
original equipment manufacturers
manufacturers, wholesalers, retailers
differences between business and consumer markets
derived demand
segmentation in business markets
buying center
initiators, users, influencers, gatekeepers, deciders, buyers
types of buying decisions:
new task buy, modified rebuy, straight rebuy
bid
make-or-buy-decision
reciprocity
request for proposal
reverse marketing
vendor analysis
Chapter 8 - Market Segmentation, Targeting, and Positioning
market segmentation
markets
- consumer market, ultimate consumers
- business market, organizational consumers
bases of segmentation:
- geographic
- demographic
- geodemographic
- psychographic
- behavioral
criteria for selecting target segments:
- size, reachability, responsiveness
target market
target marketing
target marketing strategies:
- undifferentiated (mass) marketing
- differentiated marketing
- concentrated marketing
- customized marketing
niche market
positioning
repositioning
prospects
nonprospects
geographic information system (GIS)
product differentiation
standard industrial classification (SIC) codes