Attention
when stimulus activates one or more sensory receptors and the resulting sensation goes to the brain for processing
3 factors of Attention
Interpretation
assignment of meaning to sensations
3 Factors of interpretation
Exposure
how often and where your audience sees a brand
Memory
total accumulation of prior learning experiences
Short Term Memory
working memory
portion of total memory that is currently activated or in use
Long Term Memory
devoted to permanent information storage
Semantic LTM
basic knowledge and feelings an individual has of a concept
Episodic LTM
memory of a sequence if events in which a person participated
Strength of learning
Product positioning
decision by marketer to try to achieve a defined brand image relative to competition within a market segment
HP has most reliable printer vs HP printers are very reliable
Perceptual Mapping
offers marketing managers a useful technique for measuring and developing a products positioning
chocolate map example
Brand Equity
value consumers assign to brand above and beyond the functional characteristics of the product
Brand leverage
brand extensions, or umbrella branding refers to marketers capitalizing on brand equity by using an existing brand name for new products
Basic Needs
Physiological Needs: food water, warmth rest
Safety Needs: security, safety
Psychological needs
Belongingness and love needs: intimate relationships, friends
Esteem Needs: prestige and feeling accomplishment
Self-fulfillment needs
achieving one’s full potential including creative activities
Manifest Motive
a consumer openly recognizes this and is willing to share like buying a car for good gas milage
Latent Motive
hidden subconscious motives that influence behavior but aren’t openly admitted like buying a car to impress others
Extroversion
prefers large group
talkative when with others
bold
Instability
moody
temperamental
touchy
Agreeableness
sympathetic
kind to others
polite with others
Openness to experience
imaginative
appreciative of art
finds novel solutions