Introduction Consumer behavior is the study of how individual customers, groups or organizations select, buy, use, and dispose ideas, goods, and services to satisfy their needs and wants. It refers to the actions of the consumers in the marketplace and the underlying motives for those actions. (Consumer Behaviour 2014) The study of consumer Behaviour helps everybody as all are consumers. It is essential for marketers to understand consumers to survive and succeed in this competitive marketing environment. Consumers make price...
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Introduction Understanding consumer behavior is important for any organization before launching a product. If the organization failed to analyse how a customer will respond to a particular product, the company will face losses. Consumer behavior is very complex because each consumer has different mind and attitude towards purchase, consumption and disposal of product (Solomon, 2009). Understanding the theories and concepts of consumer behavior helps to market the product or services successfully. Over the years, customer behavior; now people are buying...
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Introduction: Costco Wholesale Corporation is the largest membership warehouse club in the United States. Today, the firm has more than six hundred numbers of warehouses, with more than twenty areas of operations around the world, including the more than four hundred warehouses in the United States, and there were more than 70 million cardholders and the annual revenue reached at $105.2 billion (Costco Wholesale Corporation, 2014). Costco is open only to members with either of these types of membership: Business,...
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Introduction Driving under the influence (DUI) is an issue that has resulted in numerous injuries and fatalities worldwide. The reason behind this is that some people don’t seem to be aware of the consequences of drinking and driving, and those who are aware, may still think that they’re the odd ones out and that alcohol consumption does not affect their driving skills. Alcohol in the bloodstream causes a delay in cognitive skills and slowed breathing. Additionally, alcohol leads to a...
4 Pages
2006 Words
Overview The consumer conduct or purchaser conduct has increased expanded significance in a consumer oriented promoting arranging and the executives. Consumer behavior is the training utilized when individuals, groups, or associations select, use or discard the item, facility, thoughts or experience to satisfy customer’s necessities and wants. The main reason for doing this press conference is to identify the main factors which affect consumer purchasing behavior of durable household goods in South Africa. Durable goods are a group of customer...
6 Pages
2591 Words
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The aim of this study is to investigate in what way factors of culture (such as values, beliefs, laws (rules of behavior) and social status) influence consumer behavior using the example of Coca-Cola Company. Additional questions were: is it still important today to take them into account in the times of globalization Or marketers do not have to pay attention to it advertising a product of mass culture. Mentioned factors were studied on already existing literature. Used materials were taken...
9 Pages
4065 Words
Throughout the years, media has proven to be a very powerful tool for influencing a large number of audiences from different walks of life. Most of the time, people are unaware that the digital media is already manipulating their purchasing behavior and buying decisions by creating appealing advertisements on different media platforms, which is part of their goal to attract more consumers. According to a website of Scotch and Ramen, a media agency that works on reporting business tips and...
2 Pages
808 Words
Background Consumer behavior & customer commitment both are the most discussed topic in the market from past few years. The purpose of this research is to seek out how consumer behavior & consumer commitment affects the brand loyalty of any product or service. The value the customer provides to the firm is the conclusion of his commitment and loyalty to the product and service. This study also helps in the concluding methodology, design, approach to describe the relationship between the...
5 Pages
2156 Words
The ability to evaluate long-term consequences is essential to successful financial decision making. Teens develop financial behaviors that can influence their actions as adults (Martin and Oliva 2001), such as making the strategic choice to delay gratification by saving and avoiding a debtor’s prison (Bernthal, Crockett, and Rose 2005). Teens experience stress from school, family, and finances at higher levels than their parents realize (APA 2009). Teenagers in the United States possess significant spending power ($116 billion; Youth Pulse 2010),...
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Companies and organizations continuously want to create value for customers and build strong customer-relationships in order to capture value. For ages, firms and organizations have been seeking to shape their target audience’s thoughts, attitudes and behavior so that they can attract more customers and build brand awareness. One way brands are promoting their products and services is through social media influencers. Social Media influencers are normal people, like you and me, who happen to have a passion for a certain...
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Introduction Adaptive software development is a design principle for the creation of software systems. The principle focuses on the rapid creation and evolution of software systems. The adaptive development method grew out of the rapid application development method. Adaptive Software Development replaces the traditional waterfall cycle with a repeating series of speculating, collaborate, and learn cycles. ASD is made of three steps (speculate, collaborate, and learn). So, here those steps described briefly: Speculate --> Initiation and Planning Collaborate --> Concurrent...
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Company Background Mitsubishi was first established as a shipping company by Yataro Iwasaki (1834-1885) in 1870. In 1873, its name was changed to Mitsubishi Shokai Mitsubishi's name consists of two parts: 'Mitsu' which means 'three' and 'hishi' (which being 'bishi' which means under 'my title') and therefore there are three rhombus, which are reflected in the famous company logo. This is also interpreted as 'three diamonds'. Mitsubishi as a broad-based company, plays an important role in the modernization of Japanese...
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“People become especially nostalgic when they are anxious about the present, and, especially, the future. The past is safe because it is completely predictable. Connecting with the past through familiar, loved brands transports people to another time by evoking the same feelings they experienced so long ago.” Overview – Nostalgia as a Selling Point Nostalgia is one of life’s greatest feelings that can be incredibly gratifying. Everyone is easily drawn back to a better, simpler time in her/his life. In...
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Introduction Consumers buy spontaneously when they suddenly feel the strong desire to immediately buy product offerings without taking into account the consequences of buying a bid. Impulse buying is not only associated with low costs, but also with low liability. This may also be due to the high quality and associated products (Aruna, and Santhi, 2015). It can also be assumed that impulsive purchases are associated with hedonistic purchases, when the thirst for adventure, thrills, excitement and the feeling of...
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Personalized value can be described through consumption benefits which are connected to the customer as a person - beliefs that guide people on how to behave throughout the day and life activities (Rokeach, 1968; Kahle, 1989) The self-concept in personalization value is a more significant level than the self-concept in social value where the customers is not worried on not getting respect from other individuals, it is more of how they see and respect themselves. This is explained as the...
2 Pages
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Bhutan is not very popular in business world but still there is process of purchase taking place. The purchases are not done so much in detailed by Bhutanese consumers according to my observation. This model is a psychological and a sociological model as it shows about the consumer need and the purchase behavior influence by the family, friend and other environment. So, the above model developed shows and explains how Bhutanese consumers purchase products along with the steps they involve...
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The Internet 's growth has flipped the conventional direction of shopping on its ear, as consumers are becoming more and more well educated. Consumers have been part of the cycle, so had fun doing it. Whether advertisers may affect consumer behavior in this modern retail model, and where they can exploit the purchasing direction. After the subsections of this article, we would address the issues of the simple integration of brick mortar and online retailers, their disparities, reasons influencing their...
4 Pages
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Abstract This research is all about to study the international customers’ loyalty behaviour towards Indian textile industry. When it comes to loyalty a customer becomes a frequent buyer. An international customer who can buy the textile products in India frequently and stand loyal to a brand matters more for a company to enter an international market. Their preferences and needs could be brought out in this research and the steps that a company can adopt to fight the competition in...
4 Pages
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People with a compelling need for uniqueness uncovered that non-traditional consumer choices, like purchases of apparel on second-hand chains rather than conventional ones, were much more likely to demonstrate their individuality. The interest in collecting and wearing vintage because of its unique qualities, according to Palmer (2005), is increasing. Special product characteristics, such as unique textiles, a certain style, or hue, also enticed consumers to buy second-hand clothing. Studies on second-hand buying were related mainly to clothes and regarded motives...
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The purpose of this report is to evaluate the various factors that influence consumers to buy organic products based on various socio-demographic factors such as age, employment, consumption rate and buying patterns. Consumer Awareness of Organic Foods According to Soler et al. (2008), Freeland-Graves and Nitzke (2010), understanding and education are the two key critical factors influencing consumer’s attitudes against organic products. Chakrabarti (2007), Compagnoni et al. (2010) and Cunningham (2012) performed a number of scientific studies to determine the...
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In modern societies, artists or manufacturers use elements of cuteness that are pleasing to create mass consumption. Merchandise that is worth millions and is sold across the world is partly due to its appeal of being ‘cute’. In this case, a recognizable animated character, Hello Kitty, is famous for representing what is known to be cute. Cuteness is an aesthetic category that uses its elements to create mass consumer culture and attract consumers. The cute aesthetic of Hello Kitty has...
2 Pages
864 Words
Culture is communicated to members of the society through a common language and through commonly shared symbols because the human mind has the ability to absorb and process symbolic communication. Marketers can therefore successfully promote both tangible and intangible products and product concepts to consumers through mass media. Understanding how culture influences consumer behaviors is crucial to success in international marketing. Given the broad nature of culture, its study generally requires a detailed examination of the character of society, including...
3 Pages
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Technological advancements have shifted the marketing designs adopted by firms. Since the advent of social media sites in 1997, consumers buying behaviours and purchasing parity have changed to incorporated social attitudes (Sudha and Sheena, 2017). Traditional marketing entailed relations between brand firms and consumers to initiate purchases and build consumer loyalty. The venture is somehow expensive and time-consuming; thus, many brands have shifted to influencers marketing using social media platforms to reach out to buyers. Recently, influential marketing has taken...
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ABSTRACT Lifestyle is an approach centered on way one leads life. Lifestyle is the way in which the people live, spend their time and money. Lifestyle of an individual is his way of expressing his feelings, attitudes, interests and opinions. The Lifestyle of individuals has always been of great interest to marketers. They deal with everyday behaviorally oriented facets of people as well as their feelings, attitudes, interests and opinion. A lifestyle marketing perspective recognizes that people sort themselves into...
7 Pages
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Abstract Nowadays, online sales are not only very common in China, but also popular all over the world. How to determine the purchasing intention of online consumers is very important. By analyzing the purchasing behavior of online consumers, the factors of consumers'repeated purchases may be the satisfaction of goods and the brand. Loyalty and product regret will determine whether consumers buy again. Introduction Because China has a huge population, with the development of Internet technology, the business led by Alibaba...
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Executive Summary The report analyzed one of the consumer trends - ‘I want it now’, discussing about the trend emergence in Australian market and the impact on consumer behaviour. Then, aiming at satisfying Australians’ hedonic needs and diminishing consumption resistance, an app - EfficAgency was developed to deliver fast party arrangement for those who were busy at work while they demanded full-service parties with no need to spend time on negotiating with agencies. Finally, brand archetype, Maslow’s hierarchy of needs...
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Abstract Social media is growing in size continuously from its introduction, as well as the number of people using it increases - there has been an increase of 9% since last year. Several impacts on consumer behavior are thought to arise from social media advertising, for example, Duffett (2017) argues for increased attitudinal responses from frequent exposure to social media marketing communications, meanwhile Ioanăs & Stoica (2014) write about added influence on other buyers and an easy impact on attitude...
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Abstract: The Internet has become the primary source of information for a large number of marketers and consumers. In developing countries like India, the rapid growth in social media provides both marketers and consumers a platform for communication and sharing information. This research paper aims to study the impact of social media in consumers' decision-making process for purchasing of electronic goods. The study is conducted in Kothrud Pune, the respondents were consumers from the age group of 18-60 years. While...
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During this essay I will be arguing and explaining how the changes in contemporary society have influenced the growing phenomena of consumer activism and as a result have posed new risks as well as positive attributes and experiences for the stakeholders involved e.g. business organisations, consumers and employees. Consumer activism is the process of action with the intent to “protect consumers in their economic role by bringing attention to the political, ethical and moral aspects of consumption (behaviour) and consumerism...
4 Pages
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The main focus of this research study was to study the phenomenon of price discrimination in the business universities. For this purpose Dainora Grundey & Ingrida Griesiene selected two business universities of Lithuania (Europe). A comparative analysis of both universities discloses that pricing strategies differ from university to university. They targeted the tertiary education (post-secondary education), as governors and administrators seek profitability as well, taking into account various important factors, such as Economic crisis; Demographical crisis i-e shrinking educational market...
2 Pages
882 Words