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What explains how consumers purchases influence the decisions of producers?
Wiki User
∙ 13y ago
Producers can figure out what consumers are willing to pay based on what they buy.
Wiki User
∙ 13y ago
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What describes the effect of purchases that consumers make?
The purchases that consumers make indicate their desires to producers.
What is the most effictive way for consumers to make their desires known to business?
By the purchases they make.
What is consumer advertising?
Consumer advertising is the advertising you see on television. The goal is to get consumers to make purchases, so that the business can make money.
What is Role of integrated marketing communication?
Marketing communication plays a major role in influencing consumer purchases in new product categories.The informative role of marketing communication is likely to have a much larger effect with uninformed consumers than with consumers who are better informed.Communications include internal which reinforces company workforce ethics and objectives.
Influence of advertisement on product choice of the consumer?
Advertising can influence consumer decision making in many ways. It can appeal to a cultural value, and lifestyle desire or the consumers need to belong to a higher social class.Example: Promoting an item like ice cream as 'classy' in advertising, can influence a consumers decision making process to want to belong to a more prestigious group. It has an impact on a consumers 'affective choice' and it makes them 'feel' a certain way.Consumers use different decision rules (conjunctive, disjunctive, elimination by aspects, lexicographic and compensatory) for some purchases (not affective choices), if you work out where the product fits against other competitors in the decision rule the consumer is most likely to use, you can use advertising to strengthen the position of your product.There are so many different ways that I could write a book, so just look at an ad and think what could that be appealing to, to increase the chance of a purchase.Source(s):Google search the five decision rules to look at some lecture slides which will explain them more.I'm a a marketing student.
How does consumers purchases influence the decisions of producers?
If consumers didn't buy a producer's products, the producer would soon go out of business.
What describes the effect of purchases that consumers make?
The purchases that consumers make indicate their desires to producers.
Which of the following best describes how consumers let producers know what they want to buy and how much they are willing to pay?
The purchases consumers make indicate their desires to producers.
In order to know what people want to buy and how much they're willing to pay producers pay attention to which of the following?
Consumers' purchases--- Apexvs.com
What describes the effective the purchasing that consumers?
The purchases that consumers make indicate their desires to producers.
Which do producers pay attention to in order to know what people want to buy and how much their willing to pay?
Consumers' purchases
What do people want to buy and how much theyre willing to pay producers pay attention to what?
Consumers’ purchases
What do producers pay attention to in order to know what people want to buy and how much they willing to pay?
Consumers' purchases
Why do producers pay attention to in order to know what people want to but and how much they're willing to pay?
Consumers' purchases
What do producers pay attention to in order to know what people want to buy and how much they are willing to pay?
Consumers' purchases
In a freemarket system consumers let producers know what they want to buy and how much theyre willing to pay through what?
Their purchases.
In order to know what people want to buy and how they're willing to pay producers pay attention to what?
Consumers' purchases--- Apexvs.com
