Three factors that influence consumer behaviour are:
1. Consumer loyalty - When a consumer returns to you every time or keeps on purchasing from your business.
2. Environment - The environment of your business or where your business is located can affect your consumer e.g. If the surrondings are not healthy or clean it will affect your business
3. Price - If your prices are too high then persons would not want to buy from you,
but if they are at a reasonable price then you would have a great amount of consumers and that can eventually lead to consumer loyalty.
how economic variables influences on consumer behavior
Three general sets of factors do appear to influence the standards of behavior in an organization , the sets consist of individual factors , social factors, opportunities.
A sociologist would explain people's behavior by considering various factors such as social norms, cultural beliefs, economic conditions, and institutional influences. These determiners of behavior can include socialization processes, group dynamics, power structures, and historical contexts that shape individuals' actions within society. By examining these factors, sociologists seek to understand how individuals and groups interact within their social environment and how these interactions contribute to patterns of behavior.
Consumer behavior is affected by the earning power of the consumers. That means it is affected by the state of the economy.
Personality traits and environmental influences both play important roles in predicting behavior. Personality traits provide insight into an individual's typical patterns of behavior, while environmental influences can shape behavior in response to external factors. Both factors should be considered when predicting behavior, as they can interact and influence each other in complex ways.
Consumer behavior is affected by the earning power of the consumers. That means it is affected by the state of the economy.
4 both 1 and 2. Cultural and social factors, as well as economic and external factors, play a significant role in influencing buyers' behavior. These factors include cultural norms, social influences, economic conditions, and external market forces that impact consumers' purchasing decisions.
A behavior geneticist would be most interested in studying hereditary influences on behavior traits such as intelligence, personality, mental health disorders, and addiction. They investigate how genetic factors interact with environmental influences to shape these behaviors.
The two types for analyzing influences are internal factors, which include personal beliefs and attitudes, and external factors, such as societal norms and peer pressure. Understanding how these influences shape behavior is important in various fields, including psychology and marketing.
stages of moral development, personal values and personality, family influences, peer influences, life experiences, situational factors
It is important to recognize and analyze the various influences on your behavior because it can help you understand why you act in certain ways, identify patterns in your behavior, and make more informed choices. By recognizing these influences, you can also gain insight into how external factors may impact your actions and decision-making.
Risk factors