Reasons for studying consumer behaviour

We receive stimuli from the environment and the specifies of the marketing strategies of different products and services, and responds to the stimuli in terms of either buying or not buying product. These are the following: Consumer is the most important person.

Sometimes some variables are not directly observable. His acceptance and use of consumer products and services are often affected by cultural traditions. Useful for Dealers and Salesmen: Reasons for studying consumer behaviour are four main applications of consumer behavior: How does age influence consumer behavior?

Toward that end, this paper assesses the comparative reliabilities and validities of two competing typologies of emotion when they are applied to the representation of experiences associated with consumption activities. Marketing strategy is the game plan which the firms must adhere to, in order to outdo the competitor or the plans to achieve the desired objective.

Sometimes purchase intentions simply do not translate into an actual purchase and this can signal a marketing problem. This includes what they buy, why they buy it, when they buy it, where they buy it, how often they buy it, how often they use it, how they evaluate it after the purchase and the impact of such evaluation on future, and how they dispose of it.

Motive is the integral state which directs the behavior of a person. It is testable so that we can verify whether the theory is valid and therefore dependable.

It includes the study of what they buy, when they buy it, where they buy it and how often they use it. Marty Fishbein, a marketing professor, went on sabbatical to work for the Centers for Disease Control trying to reduce the incidence of transmission of diseases through illegal drug use.

Related products The purchase of one product may trigger the need for accessories, spare parts or complementary goods and services e. The process and activities people engage in when searching for, selecting, purchasing, using, evaluating, and disposing of products and services so as to satisfy their needs and desires.

Lack of this quality will make the theory a dangerous tool. The study of consumer behavior involves both motives and purchases. For instance, earlier this year when a few batches of fresh spinach were found to be contaminated with Ecoli even the news media warned about buying the usually good for you healthy produce actually advising consumers to not eat raw spinach period.

Need for studying consumer behaviour

In practice, however, you often pay a size premium by buying the larger quantity. The best solution, obviously, would be if we could get illegal drug users to stop.

The study of consumer behaviour is not useful for the company alone. Such factors may include media hype both good or badpoor production methods, bad advertising campaign, acts of nature, war, etc. Fear literally paralyzed every market and Industry in the nation.

What is the role of the customer in his family? Marketer-induced problem recognition When marketing activity persuades consumers of a problem usually a problem that the consumer did not realise they had. Nevertheless, considerable work remains to be done on the emotional aspects of consumer behavior.

To target products and customers and improve the impact of advertising. Each segment needs and wants different products. Various scholars and academicians concentrated on itat a much later stage. Consumers typically use most of their resources time, energy and finances attempting to satisfy these lower order needs before the higher order needs of belonging, esteem and self-actualization become meaningful.

Potential patrons seeking a hedonic dining experience may be willing to travel further distances to patronise a fine-dining venue compared to those wanting a quick meal at a more utilitarian eatery.

Consumer behaviour

A market comes into existence because it fulfils the needs of the consumer. An extreme example would be the Amish. Company finds it easy to sell its products. A second application is public policy.

What is the significance of consumer behavior?

A typical strategy is to look to peers or significant others for validation of the purchase choice. They decide what to purchase, often based on their disposable income or budget.

The theory of consumer behaviour draws heavily upon the famous psychologist Sigmund Freud, particularly with respect to the emotional, psychological, mental, subjective or non-utilitarian aspects of buying decision or behaviour of a consumer.Why Study Consumer Behaviour?In the highly specialised study of BUSINESS MANAGEMENT, BUSINESS ADMINISTRATION or just MANAGEMENT today.

Need for studying consumer behaviour. Buyer behavior is studied to predict buyers’ reaction in markets. If a firm understands its customers, it becomes successful in the market place.

The success of any business is based on understanding the consumer and providing the kind of. Consumer behavior is the study of how people make decisions about what they buy, want, need, or act in regards to a product, service, or company.

The three factors that affect consumer behavior.

Importance of Studying Consumer Behaviour

In another words, consumer behavior can be define as the behaviour of individuals in regards to acquiring, using, and disposing of products,services, ideas or experiences. Consumer behavior also includes the acquisition and use of information. Moreover, studying consumer behaviour helps in many aspects.

As there is constant change in the living standards, trend, fashion and change in technology; consumer's attitude towards the purchase of product varies (Kumar, ). The Consumer Behaviour Theory An understanding of how the theory of consumer behaviour and its application tools evolved over the years will enable us to appreciate the validity of the theory and.

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Reasons for studying consumer behaviour
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