MKT EXAM #3 CH. 9

10) Decisions driven by our emotional responses to a product are called ________. A) affective B) habitual C) cognitive D) compensatory

Answer: A

3) A customer buying an unfamiliar product that carries a fair degree of risk would most likely engage in ________ decision making? A) cognitive B) limited C) habitual D) affective

Answer: A

47) Products that consumers are willing to pay more for are called ________ products. A) cult B) limited C) staple D) routine

Answer: A

88) Two important factors determine how a couple spends time and money. One of these factors is whether the couple has children. What is the other factor? A) Whether the woman works B) Whether they have jobs that require extensive travel C) Whether they have extended family members living with them D) Whether they live in an urban or suburban setting

Answer: A

9) A customer buying an unfamiliar product which carried a fair degree of risk would most likely engage in what type of problem solving? A) Extended problem solving B) Limited problem solving C) Habitual problem solving D) Recognition problem solving

Answer: A

1) Tomorrow, Janice will be attending a party with a buffet. In anticipation of splurging on delicious food, she is eating very little today. Janice is using a ________ to help her estimate consumption over time and regulate her behavior. A) constructive process B) mental budget C) diet D) cognitive process

Answer: B

26) According to ________, a company can make money if it sells small amounts of items that only a few people want, if the company sells enough different items. A) feature creep B) the long tail C) Zipf's Law D) neuromarketing

Answer: B

84) Which buying decision situation has the highest level of risk and the most buyers involved in the process? A) New task B) Straight rebuy C) Modified rebuy D) Innovative rebuy

Answer: A

49) What type of cybermediaries are intelligent agents? A) They are travel agents who answer questions online. B) They are people who can help computer users with problems they encounter when trying to shop online. C) They are computer programs that recommend products based on past purchasing patterns. D) They are search engines specifically designed for marketing online.

Answer: C

50) Chen Lo uses a decision rule that says "Only buy well-known brand names" when selecting a set of golf clubs. He does not look at price, the store, or even discounts when purchasing clubs. Chen Lo's purchasing pattern is an example of a consumer using a ________. A) habit decision rule B) compensatory rule C) noncompensatory rule D) conjunctive rule

Answer: C

58) People often make decisions on the basis of mental accounting. One facet of this accounting is making a decision based on the way a problem was posed. This is called ________. A) framing B) the sum-cost fallacy C) loss aversion D) positioning

Answer: A

59) According to ________, utility is defined in terms of gains and losses. A) prospect theory B) heuristics C) hyperopia D) Zipf's law

Answer: A

63) People often make decisions on the basis of a mental accounting. One facet of this accounting is making a decision based on the way a problem was posed. This is called ________. A) framing B) the sum-cost fallacy C) loss aversion D) positioning

Answer: A

64) According to the ________ rule, a product with a low standing on one attribute cannot make up for this position by being better on another attribute. A) noncompensatory B) lexicographic C) elimination-by-aspects D) conjunctive

Answer: A

67) The "good enough" perspective on decision making is known as ________. A) bounded rationality B) framing C) a nudge D) default bias

Answer: A

8) A hot and thirsty customer buys a cool drink and finds it very satisfying. He then buys another drink even though he had not initially planned on buying two and even though he is no longer thirsty. This is an example of ________. A) purchase momentum B) rational decision making C) behaviorally influenced purchase D) inertia

Answer: A

75) Les just bought a megaphone of root beer. As he drinks from the giant cup, he eventually becomes full. One of his friend's comments, "If you don't stop drinking that stuff, you will get sick." Les replies, "Hey, I bought it, and I am not going to waste one drop of it." Les's behavior best illustrates ________. A) loss aversion B) hyperopia C) risk positioning D) the sunk-cost fallacy

Answer: D

30) Tanya type scans the newspaper ads every day for new information about current fashion styles and trends, even though she isn't thinking about buying clothes anytime soon. Tanya is engaging in a(n) ________ search. A) pre-purchase B) ongoing C) internal D) delayed

Answer: B

31) Kraft has repackaged its salad dressings as "anything" dressings to encourage people to shift their ________ and consider the dressings as a complement to more than just salads. A) demonstration signals B) knowledge structures C) mental maps D) mean-end chains

Answer: B

5) Evaluating the effort when we need to make a particular choice is called the ________. A) want B) constructive process C) need D) routine process

Answer: B

65) Buying decisions that are made with little or no conscious effort are called ________. A) close minded B) habitual C) satisficing D) extended

Answer: B

7) The success of ________ hinges on the marketer's ability to convince the consumer to consider its product within a given category. A) identifying competitors B) positioning strategy C) exemplar products D) product locations

Answer: B

76) A consumer can recognize problems as either an opportunity or a need. How should promotions differ between those emphasizing opportunities and those emphasizing needs? A) Promotions emphasizing needs should attempt to increase a consumer's ideal state, while promotions emphasizing opportunities should simply give locations where the products can be found for purchase. B) Promotions emphasizing opportunities should attempt to increase the ideal state, while promotions emphasizing needs should give locations where the products can be purchased. C) Promotions emphasizing needs should increase the ideal state, while opportunity promotions should attempt to decrease the ideal state. D) Promotions emphasizing needs should decrease the ideal state, while promotions emphasizing opportunities should provide buying locations.

Answer: B

83) Which of the following is NOT a category in the buyclass theory of purchasing? A) Straight rebuy B) Innovative rebuy C) Modified rebuy D) New task

Answer: B

85) Pam Henry is a purchasing agent for MicroTell. Each Tuesday she places an order for ten boxes of photocopier paper with her supplier. Ms. Henry is participating in which type of buying situation? A) New task B) Straight rebuy C) Modified rebuy D) Innovative rebuy

Answer: B

19) ________ is the process by which the consumer surveys his or her environment for appropriate data to make a reasonable decision. A) Problem recognition B) Evaluation of alternatives C) Constructive perspective D) Behavioral influence perspective

Answer: C

2) According to ________, we evaluate the effort we'll need to make a particular choice and then we tailor the amount of cognitive "effort" we expend to make that choice. A) cognitive processing B) mental processing C) constructive processing D) behavioral processing

Answer: C

22) ________ is the process by which the consumer surveys the environment for appropriate data to make a reasonable decision. A) Problem recognition B) Evaluation of alternatives C) Information search D) Product choice

Answer: C

23) The first step in the cognitive decision-making process is ________. A) information search B) evaluate alternatives C) problem recognition D) per purchase search

Answer: C

24) Features actually used to differentiate among choices are called ________ attributes. A) evaluation B) search C) determinant D) segmentation

Answer: C

25) Dimensions we use to judge the merits of competing options are called ________. A) rational factors B) attributes C) evaluative criteria D) emotional factors

Answer: C

27) Which of the following best describes intelligent agents? A) Cookies used to track IP addresses of computer users B) People who can help computer users with problems they encounter when trying to shop online C) Sophisticated software programs that use collaborative filtering technologies to learn from past user behavior to recommend new purchases D) Search engines specifically designed for online marketing and other forms of e-commerce

Answer: C

4) The first stage in the consumer decision-making process is ________. A) information search B) evaluation of alternatives C) problem recognition D) product choice

Answer: C

57) ________ describes consumption at the low end. A) Routine buying B) Complex buying C) Inertia D) Utilitarian

Answer: C

60) A decision strategy that seeks to deliver an adequate solution rather than the best possible solution is referred to as ________. A) inertia B) rationalizing C) satisficing D) anchoring

Answer: C

62) A mental or problem-solving shortcut to make a decision is called a(n) ________. A) determinant B) detail rule C) heuristic D) experience rule

Answer: C

66) When using the ________ rule of decision making, a consumer evaluates brands on the most important attribute, but specific cutoffs are imposed. A) lexicographic B) elimination-by-aspects C) conjunctive D) compensatory

Answer: C

20) ________ occurs whenever the consumer sees a significant difference between his or her current state of affairs and some desired state. A) Information search B) Evaluating alternatives C) Evaluating of evoked set D) Problem recognition

Answer: D

21) If a consumer's ideal state is very near or identical to his or her actual state, which of the following best describes the type of problem recognition the consumer would most likely have? A) Opportunity recognition B) Need recognition C) Search recognition D) No problem recognition

Answer: D

28) Which of the following occurs when a consumer uses a selected product and decides whether it merits his/her expectations? A) Feature creep B) Inertia C) Framing D) Post-purchase evaluation

Answer: D

29) Latrell finds that every time he goes to select athletic shoes he always buys the same brand. In fact, he doesn't even remember trying on any of the other competitive brands even though some of these brands have attractive styles and prices. Latrell's purchase decision process has become one of less and less effort. Latrell's decision process in an example of ________. A) cognitive dissonance B) brand loyalty C) ineptness D) inertia

Answer: D

48) A consumer who buys the same brand over and over again exhibits ________. A) staple purchasing B) rational purchase C) customization D) brand loyalty

Answer: D

51) What is a major distinction between customers who purchase a product because they are brand loyal and those who purchase by inertia? A) The cost of the product B) The social risk of the product C) Whether the purchase is made after a compensatory or noncompensatory decision process D) Whether the customers hold a very positive or weak attitude toward the product

Answer: D

6) A bucket in consumer decision making is ________. A) cognitive B) habitual C) affective D) all of the above

Answer: D

61) The alternatives actively measured during a consumer's choice process are the ________ set. A) inert B) evoked C) evaluate D) consideration

Answer: D

82) Directories and portals, Web site evaluators, forums, fan clubs, and user groups are all forms of which of the following? A) Web retailers B) Cybercash C) Design groups D) Cybermediaries

Answer: D

89) ________ is a frenzied, guilt-ridden compromise between conflicting cultural ideals of motherhood and professionalism. A) Kin-network system B) Dad advertising C) Home shopping D) Juggling lifestyle

Answer: D