Consumer behaviour
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Consumer behaviour(in consumer business context) referred to as the study of when, why, how, where and what people do or do not buy products. It is therefore important not to copy this page when doing your homework for the pre-sessional programme as it is quite obvious you have not written this. It blends elements from psychology, sociology,social psychology, anthropology and economics. It attempts to understand the buyer decision making process, both individually and in groups. It studies characteristics of individual consumers such as demographics and behavioural variables in an attempt to understand people's wants. It also tries to assess influences on the consumer from groups such as family, friends, reference groups, and society in general.Customer behaviour study is based on consumer buying behaviour, with the customer playing the three distinct roles of user, payer and buyer. Relationship marketing is an influential asset for customer behaviour analysis as it has a keen interest in the re-discovery of the true meaning of marketing through the re-affirmation of the importance of the customer or buyer. A greater importance is also placed on consumer retention, customer relationship management, personalisation, customisation and one-to-one marketing. Social functions can be categorized into social choice and welfare functions. Each method for vote counting is assumed as a social function but if Arrow’s possibility theorem is used for a social function, social welfare function is achieved. Some specifications of the social functions are decisiveness, neutrality, anonymity, monotonocity, unanimity, homogeneity and weak and strong Paretooptimality. No social choice function meets these requirements in an ordinal scale simultaneously. The most important characteristic of a social function is identification of the interactive effect of alternatives and creating a logical relation with the ranks. Marketing provides services in order to satisfy customers. With that in mind, the productive system is considered from its beginning at the production level, to the end of the cycle, the consumer (Kioumarsi et al., 2009).
Belch and Belch define consumer behaviour as 'the process and activities people engage in when searching for, selecting, purchasing, using, evaluating, and disposing of products and services so as to satisfy their needs and desires'.'
For more information about Consumer behaviour, read the full article at
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News tagged with consumer behavior
Activision posts 3Q profit, backs 2009 outlook
Nov 05, 2009 |
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(AP) -- It's been a rough year for the video game industry, but Activision Blizzard Inc. reported a profit for its third quarter because of a good response for games such as "Guitar Hero 5" and "World of ...
Facebook, Nielsen team up to measure ad performance
Sep 22, 2009 |
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Facebook, in a move aimed at boosting its appeal to advertisers, teamed up with measurement company Nielsen on Tuesday to allow marketers to better gauge ad performance on the social network.
Cisco wants to better connect entertainers and fans
Aug 21, 2009 |
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In addition to routers and switches, Cisco Systems' business plan now includes Paramore, Trey Songz and Halestorm.
When context matters: Consumers link unfamiliar products to surrounding items
Other Sciences / Social Sciences
Jul 20, 2009 |
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Sometimes we judge a product by the company it keeps. For example, we might think a car advertised among expensive cars is also pricey--but only if we're unfamiliar with the car, according to a new study in the Journal of ...
Companies pledge more openness about Web tracking
Jul 02, 2009 |
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Companies that track consumer behavior online for advertising purposes are vowing to make their practices more transparent and to give people a way to decline being shadowed.
Shopping behavior: Consumers flock together, but don't necessarily buy
Other Sciences / Social Sciences
Apr 20, 2009 |
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Consumers are attracted to crowds in stores, but they are not likely to buy something from a crowded location, according to a new study in the Journal of Consumer Research.
HP Labs says reorg paying off with new money-making technology
Mar 18, 2009 |
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If Hewlett-Packard hadn't reorganized its research efforts a little more than a year ago, according to Prith Banerjee, director of the world-renowned HP Labs, people on the business side of the company might be asking some ...
Hybrids gather dust at AutoNation dealerships
Mar 06, 2009 |
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AutoNation CEO Mike Jackson has a problem: There are way too many Toyota Prius hybrids sitting on his car lots across America.
Ad click-through rate lower than previously thought
Feb 25, 2009 |
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The rate of ad clicks from sponsored and non-sponsored links was reported in a recent study conducted by researchers from Penn State and the Queensland University of Technology.


