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Marketing 3000 Joel Poor Exam Study Guide

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Marketing 3000 Joel Poor Exam Study Guide Basis of Buyer Decisions - answerProduct choice Brand choice Dealer choice Purchase timing Purchase amount Consumer Buying Process - answerProblem recognition, information search, evaluation of alternatives, purchase decision, post-purchase behavior ...

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  • October 1, 2024
  • 11
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Mkt 3000
  • Mkt 3000
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Marketing 3000 Joel Poor Exam Study Guide


Basis of Buyer Decisions - answer✔Product choice


Brand choice

Dealer choice

Purchase timing

Purchase amount


Consumer Buying Process - answer✔Problem recognition, information search, evaluation of

alternatives, purchase decision, post-purchase behavior


Problem Recognition - answer✔The first stage of the business buying process in which someone

in the company recognizes a problem or need that can be met by acquiring a good or a service.


Information Search - answer✔the stage of the buyer decision process in which the consumer is

motivated to search for more information


Evaluation of Alternatives - answer✔analyze product attributes, use cutoff criteria, rank

attributes by importance


Purchase Decision - answer✔the buyer's decision about which brand to purchase

, ©BRAINBARTER 2024/2025


Post-Purchase Behavior - answer✔The stage of the buyer decision process in which consumers

take further action after purchase, based on their satisfaction or dissatisfaction


Innate Needs - answer✔Physiological (or biogenic) needs that are considered primary needs or

motives


Acquired Needs - answer✔need for achievement, need for affiliation, need for power


A Trio of Needs - answer✔power, affiliation, achievement


What do people use for information search? - answer✔Internal Sources (stored in memory)


Group Sources

Marketing Sources

Public Sources

Experiential Sources (Trial)


Hierarchical Heuristic - answer✔use one attribute to exclude alternatives, then make a

comparison of remaining alternatives based on another attribute or two


What decisions might be made when purchasing a product? - answer✔Specific product features


Where and When to make the purchase

How to take possession

Method of payment

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