answersLogoWhite

0

Consumer Psychology

Consumer Psychology is a speciality area that focuses on understanding how and why people buy goods and services.

It is a speciality area that studies how our thoughts, beliefs, feelings and perceptions influence how people buy and relate to goods and services.

The term Consumer Psychology refers to the study of how people relate to the goods and services they use in their daily lives, Also known as the study of Consumer Behaviour, Consumer Psychology provides opportunities to examine issues such as what factors are most important when people decide to purchase a particular item, how customers determine the value of a service, and whether or not television and magazines advertisements can convince a reluctant consumer to try a new product for the first time.

The discipline of Consumer Psychology draws heavily from the fields of marketing, advertising, economics, anthropology, social psychology and cognitive psychology. However, Consumer Psychology has been recognised as its own area of study since World War II. One of the first noted consumer psychologist was John.B.Watson.

User Avatar

Wiki User

13y ago

What else can I help you with?

Related Questions

What is the nature of consumer behaviour?

The nature of consumer behavior is easy to understand. Consumers buy or eat what they want and what they value.


What is the nature and scope of advertising in consumer behaviour?

Survey takers consider age, gender, education, income, geography, religion, and line of work among many other indicators.


What is the nature and scope of consumer behavior in marketing?

Consumer behaviour is dynamic in nature, meaning, it keeps on changing. It is challenging to study a human mind as it is a big task.Coming to the scope of consumer behaviour, it has a vast scope. We include the whole world into it and for every product whether electronics, FMCG, consumer durables etc, we need to study consumers' mind.ANSWER:It focus on analyzing the behavior of the consumer in terms of demographic variables such as; psycho graphic, geographic, behavioral, needs-benefit, and other factors that needs to be be examined for marketing segmentation. It includes tracking segment's perceptions with regards to the various products in the market which will be used in formulating or enhancing the organization's marketing strategies.


What is the nature and scope of manufacturing management?

The nature and scope of manufacturing management is used for purposes of production, This will include all the stages of production up to the point where the product is ready for the consumer.


What is organsation behavior its nature and scope?

Organisational behaviour is the study and application of knowledge about how people,individuals and groups act in organisations.


Consumer knowledge as consumer behaviour function?

consumer knowledge


What does consumer behavior mean?

what are the important of consumer behaviour to the shopping


Advantages and disadvantages of consumer behavior?

benefits of consumer behaviour


What are the dimensions of consumer behaviour?

what is dimension of consumer behavior meaning


Describe the interrelationship between consumer behaviour and the marketing concept?

Describe the interrelationship between consumer behaviour and the marketing concept


What is the nature and scope of labor economics?

What is the nature and scope of Labour economics?


What are the scope and nature of service?

nature and scope of guest room maintenance