Saturday, August 4, 2018

Micro Economics: Consumer Behaviour

Understanding Consumer Buying Behavior

Consumer behavior is the study of individuals and organizations, and how they select and use products and services.

The consumer buying behavior includes:

  • How consumer think of brands and other alternatives.
  • How consumer select a alternative out of the many various available.
  • How consumer behave while buying and researching.
  • Tastes and preferences of the consumer.
  • Income levels of the consumer.
  • Availability of the product/services.


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