The study
of consumer behavior helps companies to improve their marketing strategies by understanding
how consumers think, feel, reason, and select between different brands,
products, and retailers….etc.
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.
The
impact of consumer behavior on society is of interest. For example, the
aggressive marketing of foods high in fat or aggressive marketing of easy
credit, may have serious impacts on health and the national economy.
consumer
behavior can be applied for some purposes such as:
marketing
strategy for making better marketing campaigns. You should take
into consideration the following basic strategies:
(1) firms that introduce new products must be properly
funded so that they can stay afloat until their products become commercially
successful.
(2) it is important to please first customers, as they will
in turn influence brand choice of many
future clients.
Social
marketing that involves
getting ideas across to consumers rather than selling something.
Study of
consumer behavior should make us better consumers.
Consumer
behavior will analyze the strengths and weaknesses of our own business and
those of competitors. To evaluate the potential threat of a competitor, we need
to examine its assets (eg technology, patents, market knowledge, brand
awareness) against the pressures it faces in the market. Finally, we must
evaluate the marketing environment.
No comments:
Post a Comment