The world is at an inflection point where the way businesses interact with consumers, understand their user behavior, and create customer stickiness are seeing a 360° change. Among these businesses, the ones growing by leaps and bounds are in fintech space proving detrimental to traditional banking system. Clearly, next five years will be very exciting for digital businesses. Learning from Consumers There is the incipient trend of the learning economy emerging from the […]

Introduction “Consumer behaviour describes how consumers make purchase decisions and how they use and dispose of the purchase goods or services” (Lamb, 2009. p140), therefore we can understand the importance of consumer behaviour for a marketer and as a vital process during the decision purchase process. A marketer needs to identify who their consumers are in order to be capable of selling their products, generate […]

Question 1. Explain Decision making process and various types of decision with examples? Ans: Decision making can be regarded as the mental processes (Cognitive process) resulting in the selection of a course of action among several alternative scenarios. Every decision making process produces a final choice. The output can be an action or an opinion of choice. Developed by B. Aubrey Fisher, there are four […]

Basically, through experience based consumption, conspicuous imposition and the standard four Up’s of marketing, the luxury sector targets Its products to consumers in hopes to attract and maintain customer loyalty. This article strongly discusses the concept of how luxury is consumed. Basically, this is through maintaining quality, and also by offering creative and customized products. In regards to luxury, the more insensitive consumers are to […]

Once consumers enter the grocery or supermarket, they are instantly greeted by rows of products with different forms, features, appearances, and promotions. Nowadays, companies give an increasing amount of effort in devising new and fresh ideas to make their products known in the market—extending product variety and selection for the consumers. The great expanse of choices that the latter are presented with and how they […]

Article Review: Self-Image and Consumer Behavior: How Sacrosanct Self-Beliefs Sway Preferences in the Marketplace Written by: David Dunning In this article, David Dunning questions whether or not beliefs, wants, and needs are the keys to decision making in a consumer’s mind. He believes in a decision making technique called belief harmonization. With this, Dunning means that in order to reach a decision , it may […]

STUDY ON “A STUDY ON THE CONSUMER PERCEPTION REGARDING THE SUCCESS OF BIG BAZAAR” [pic] ACKNOWLEDGEMENT One of the most pleasant parts of preparing the project is the opportunity to thank those who have contributed to its preparation. The list of expression of thanks – no matter how extensive is always incomplete and inadequate. These acknowledgements are no exception. First of all we would like […]

Sociocultural Influences on Consumer Behavior. Marketing Trey Hampton September 22, 2012 There are lots of influences that take place on what consumers buy, these influences are called sociocultural influences. Sociocultural influences “involve personal influence, reference groups, family influence, culture, and subculture. ”(Kerin, Hartley & Rudelius 108) Out of these categories, personal influence seems to have the biggest influence of all on what people buy. “A […]

ASDA have to respond to customer need so that they don’t lose sales. If ASDA respond to customer needs well then they will make a good profit. When ASDA respond to customers they listen to what they have to say. When ASDA respond to customers quickly it will generate loyalty. ASDA have to respond to customer needs so that they maintain their global status and […]

Q1:describe the interrelationship between consumer behavior and the marketing concept. A1: marketing concept determine the needs and wants of specific target markets and Deliver satisfaction better than competition. consumer behavior includes all the decisions a consumer makes when spending their time and money. The what, why, when, where, and how of consumer purchases are examined in consumer behavior. It is not just individuals, but households, […]