Consumer Behavior Essay Example | Topics and Well Written Essays - 1000 words

Consumer Behavior - Essay ExampleThe study of consumers helps firms and organizations improve their merchandise strategies by judgement issues such as how The psychology of how consumers think, feel, reason, and select between disagreeent alternatives (e.g., brands, products) The psychology of how the consumer is influenced by his or her environs (e.g., culture, family, signs, media) The doings of consumers while shopping or making other marketing decisions Limitations in consumer knowledge or information processing abilities influence decisions and marketing outcome How consumer motivation and decision strategies differ between products that differ in their level of importance or interest that they entail for the consumer and How marketers raise adapt and improve their marketing campaigns and marketing strategies to more effectively reach the consumer. One official definition of consumer behavior is The study of individuals, groups, or organizations and the processes they use to select, secure, use, and dispose of products, services, experiences, or ideas to satisfy needs and the impacts that these processes have on the consumer and society(Perner 2010). ... group (e.g., helps influence what kinds of clothes a person wears) or an organization (people on the job quarter decisions as to which products the firm should use). Consumer behavior involves the use and disposal of products as well as the study of how they argon purchased. Product use is often of great interest to the marketer, because this may influence how a product is scoop up positioned or how we can encourage increased consumption. The impact of consumer behavior on society is also of relevance. For example, rapacious marketing of high fat foods, or aggressive marketing of easy credit, may have effective repercussions for the national health and economy. Reasons for studying consumer behavior To stay in business by attracting and retaining customers. To benefit from pinch consumer proble ms To establish competitive advantage The subject consumer behavior is very interesting. Through the application of sociology, psychology and demographics, marketers can begin to understand why consumers form attitudes and make decisions to purchase. Consumer-behavior studies inform marketers, advertisers and public agencies how product and service plectrum is influenced by personality, perception, values and beliefs (Kirchheimer 2011). For marketing, these influences are studied in the context of demographics, which includes ethnicity, age, marital status, size offamily, income,educationand employment. perceptual experience Is how information is collected and categorized. Perception is affected by the amount of exposure to a stimulus and by individual interpretation. Personality Is a weak component of consumer behavior, Personality means a pattern of behavior founded on an individuals outlook and internal traits. In this use, outlook means point of consider and traits