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MKTG 371 EXAM 2 EHRICH QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED

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MKTG 371 EXAM 2 EHRICH QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED Categorization occurs when consumers use their prior knowledge to label, identify, and classify something new - once we have categorized an object, we know what it is, what it's like, and what it's similar to Why do we categorize? -too much information -utter chaos without structure -helps us learn -we like to do it -we're good at it Taxonomic Categorization similar objects in the same category (playlist with all the same genre) -objects in categories have same features -lots of sharing within categories -little sharing across categories 3 types: - superordinate (broadest) - basic - subordinate (narrowest) Aaker's 5 dimensions of brand personality - sincerity (down to earth, honest, wholesome, cheerful) - competence (reliable, hard working, intelligent, confident, successful) - ruggedness (outdoorsy, masculine, tough) - excitement (exciting, spirited, imaginative, up-to-date) - sophistication (upper class, glamorous, good looking, charming) 5 Dimensions of Brand personality Sincerity -Hallmark, Kodak, and even Coke Excitement --Pepsi vs Coke Competence -American Express and the Wall Street Journal Sophistication -BMW, Mercedes, Lexus vs Mazda Miata or VW Golf Ruggedness -Nike (vs Lululemon), Marlboro (vs Virginia Slims) Experts people whose prior knowledge is well developed, in part because they have had a lot of experience and familiarity with an object or a task Level of Expertise experts vs novices categorize in different ways - experts' category structure is more developed - have more categories, associations, and a better understanding - have more subordinate-level categories Graded Structure some members represent category better than others - dogs: golden retrievers, labs Prototype best example of category - most easily recalled -standard of comparison for category -(Forest Gump for Tom Hanks movies) -(velcro instead of hook and loop) Goal Derived (Ad Hoc) Categorization contain things we perceive as relevant to a goal -We use rules/experience to create these EX: - things to do on a friday night - things you eat on a diet - things I take on a camping trip First Mover Advantage - allows you to be the prototype - easier recall increases sales - more likely to be in the consideration set Positioning

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MKTG 371 EXAM 2 EHRICH QUESTIONS AND ANSWERS WITH

COMPLETE SOLUTIONS VERIFIED

Categorization

occurs when consumers use their prior knowledge to label, identify, and classify

something new

- once we have categorized an object, we know what it is, what it's like, and what it's

similar to

Why do we categorize?

-too much information

-utter chaos without structure

-helps us learn

-we like to do it

-we're good at it

Taxonomic Categorization

similar objects in the same category (playlist with all the same genre)

-objects in categories have same features

-lots of sharing within categories

-little sharing across categories

3 types:

- superordinate (broadest)

- basic

- subordinate (narrowest)

,Aaker's 5 dimensions of brand personality

- sincerity (down to earth, honest, wholesome, cheerful)

- competence (reliable, hard working, intelligent, confident, successful)

- ruggedness (outdoorsy, masculine, tough)

- excitement (exciting, spirited, imaginative, up-to-date)

- sophistication (upper class, glamorous, good looking, charming)

5 Dimensions of Brand personality

Sincerity

-Hallmark, Kodak, and even Coke

Excitement

--Pepsi vs Coke

Competence

-American Express and the Wall Street Journal

Sophistication

-BMW, Mercedes, Lexus vs Mazda Miata or VW Golf

Ruggedness

-Nike (vs Lululemon), Marlboro (vs Virginia Slims)

Experts

people whose prior knowledge is well developed, in part because they have had a lot of

experience and familiarity with an object or a task

Level of Expertise

experts vs novices categorize in different ways

- experts' category structure is more developed

,- have more categories, associations, and a better understanding

- have more subordinate-level categories

Graded Structure

some members represent category better than others

- dogs: golden retrievers, labs

Prototype

best example of category

- most easily recalled

-standard of comparison for category

-(Forest Gump for Tom Hanks movies)

-(velcro instead of hook and loop)

Goal Derived (Ad Hoc) Categorization

contain things we perceive as relevant to a goal

-We use rules/experience to create these

EX:

- things to do on a friday night

- things you eat on a diet

- things I take on a camping trip

First Mover Advantage

- allows you to be the prototype

- easier recall increases sales

- more likely to be in the consideration set

Positioning

, IN HEAD

-position close to prototype

-position away from prototype

-position relevant to goal

Repositioning

changing consumers' perceptions of a brand in relation to competing brands

-Can use placement to change categorization (on shelf)

EX: baking soda in fridge instead of baking with it

Why is understanding memory important for marketers?

-perceptions

-decision making

-effectiveness of marketing actions

EX: top advertising slogans of the century

-Diamonds are forever (Debeers)

-just do it (Nike)

-tastes great, less filling (Miller Lite)

EX: top advertising icons of the 20th century

-Ronald McDonald

-The Green Giant

-Betty Crocker

-Energizer Bunny

Types of Memory

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