the benefits for the company to understand about consumer behaviour? discuss about the tools that company can use to understand about consumer behaviou
the benefits for the company to understand about consumer behaviour? discuss about the tools that company can use to understand about consumer behaviou
the benefits for the company to understand about consumer behaviour? discuss about the tools that company can use to understand about consumer behaviou
What are the benefits for the company to understand about consumer behaviour?
discuss about the tools that company can use to understand about consumer behaviour
Study of individuals, groups, behavior of purchasers, usage of goods and services, and buying behavior. Consumer behavior covers the major part of consumers' psychology, motives, and intentions in purchasing and using or consuming products and services.
Expert Solution
Step 1
The benefits for the company to understand about consumer behavior :
The benefits of Studying Consumer Behavior helps to understand and implement how the decision is made and how they hunted for the product. These information help companies and business mangers to know the reasons purchase or reject the product and service.
Where Consumer Behavior helps in understanding how an individual make the decisions to spend their available resources like Time, Money, Efforts while opting the goods and services..
Here Consumer Behavior is the study of how people respond to products and services, Followed by their marketing and selling. It's of huge Importance to Managers because the focus on consumers is a key which contributes to the marketing of business practice.
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