Factors influencing consumer behaviour quizlet

  • How factors affect consumer Behaviour?

    Personal Factors That Impact Consumer Buying Behavior
    Personal factors, such as your occupation, age and life cycle stage, economic situation, lifestyle, and personality and self-concept also play a major role in your buying behavior (refer to Figure 3.6).
    Let's examine each of these in more detail..

  • What are 4 most important factors influencing consumer purchasing decisions?

    A customer is surrounded by four key factors when considering any purchase: the product, the price, the promotion and the sales channel..

  • What are the factors that influence demand in consumer behavior?

    These factors include:

    Price of the Product. The Consumer's Income. The Price of Related Goods. The Tastes and Preferences of Consumers. The Consumer's Expectations. The Number of Consumers in the Market..

  • A person's buying choices are further influenced by four major psychological factors: Motivation, perception, learning, and beliefs and attitudes.
    A need that is sufficiently pressing to direct the person to seek satisfaction of the need.
  • Consumer Behaviour. Selection, purchase and consumption of goods and services for the satisfaction customer wants.
  • Consumer purchases are influenced by. - personal.
  • Personal factors that influences consumer behaviour.
  • Age and life cycle stage.
  • Occupation.
  • Economic Situation.
  • Life Style.
  • Personality and Self-Concept.
Culture - set of basic values, perceptions, wants, and behaviors learned by a member of society from family and other important institutions

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How does consumer credit affect consumer behaviour?

Consumer credit influences consumer behaviour

If more consumer credit is available on liberal terms, expenditure on comforts and luxuries increases, as it induces consumers to purchase these goods, and raise their living standard

Other economic factors like business cycles, inflation, etc

also influence the consumer behaviour 5

What are the factors that influence a consumer's behavior?

Alongside clubs, peers, organizations, factions such as gender, familial roles, and position at work are also contributing factors

Alongside personal and social factors aforementioned, there are more facets that shape a consumer’s behavior like cultural, psychological, and economic aspects

What factors influence buyer behaviour?

5

Personal factor: Personal factors also influence buyer behaviour

The important personal factors, which influence buyer behaviour, are a) Age, b) Occupation, c) Income and d) Life Style Age of a person is one of the important personal factors influencing buyer behaviour

People buy different products at their different stages of cycle


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