Exam 8: The Buying Process and Buyer Behavior

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The buyer resolution theory states that buyers need to resolve the answers to which five questions?

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Within most cultures are groups whose members share value systems based on common life experiences and situations. We call such a group a(n)________.

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Buyer behavior is often influenced by perception.

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Which buyer behavior theory focuses the salesperson's attention on five important factors that the customer is likely to consider before making a purchase? A)buyer-action theory B)compulsive buying theory C)need satisfaction theory D)buyer resolution theory E)feature benefit theory

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The person who withdraws money from a savings account and uses this money to buy government bonds at a higher return on investment is very likely guided by rational buying motives.

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Salespeople should most likely think of needs in terms of: A)the product B)the industry as a whole C)the typical customer D)each specific customer E)the competition

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The first stage in the typical buying process is evaluation of solutions.

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RealPlan sells a calendar/messaging/paperwork center that helps working parents organize their families' schedules and paperwork. The product has received positive feedback from buyers, and it is priced comparably to normal planners even though it offers more features and benefits. RealPlan has been selling various planning products to consumers for 10 years, and managers at the firm see an opportunity to move into the business market with a software version of the popular planner. -Sarah,a RealPlan sales representative,recently sold a software package to Mario,the owner of a small business. How can Sarah most likely create value for Mario now that the sale is complete? A)send Mario product brochures B)become personal friends with Mario C)continue to contact Mario to ask for referrals D)provide additional software training to Mario E)explain the many software benefits to Mario

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The process through which sensations are interpreted,using our knowledge and experience,is called ________.

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Systems selling appeals to buyers who prefer to purchase individual products from a variety of sellers.

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Which of the following statements about social class is most likely true?

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Which stage in the typical buying process occurs after a customer has evaluated solutions but before a purchase is made? A)resolution of problems B)needs awareness C)solution selling D)pre-purchase E)implementation

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Customers have so much power in the buying process now because they have instant information from the Internet,immense choice,and real-time price comparisons.

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When products are indistinguishable or there is a prior relationship between customer and vendor,a purchase is most likely based on a(n): A)product buying motive B)patronage buying motive C)rational buying motive D)emotional buying motive E)group buying motive

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According to Abraham Maslow,self-fulfillment is achieved through satisfaction of which of the following needs? A)esteem B)social C)safety and security D)self-actualization E)fullness

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