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Economic Decision Making
Through peer pressure and how other people affect each other into wanting that certain item. And possibly if your either financially wealthy or not this can affect your needs and wants. Grade 10 Student
We have learned based on definition that consumer behavior attempts to understand consumer wants and their decision making. Which is a very necessary in an organization. If we know the behavior of the consumer regarding their wants then it is a big advantage on our part as a marketer. It will be easy for us to identify and recognizes what to sale and what not to. With this, Consumer behavior is indeed an important course in business education.
. Age, gender, occupation are the main factors which influence our needs and wants. Socio-economic status would also affect a persons wants.
Consumerism
reflecting customers needs and wants
Rationality is the process of making wise consumer decisions to achieve desired results. This decision also fills specific needs and wants leading to satisfaction.
The business provides what the consumer wants or needs.
to get needs and wants you need to use the natural resources to make them
Wants are often described as goods, ideas, and services that fulfill the needs of an individual consumer
Needs and wants affect ecology by influencing resource consumption and waste production. Meeting our needs sustainably can promote healthy ecosystems, while excessive wants can lead to overconsumption, habitat destruction, and pollution. Balancing our needs and wants can help preserve biodiversity and maintain ecological balance.
Choices, scarcity, availability, wants, needs, cost,
Economic Decision Making
Marketing is the process of identifying needs and wants and then deliver to the final consumer.
Through peer pressure and how other people affect each other into wanting that certain item. And possibly if your either financially wealthy or not this can affect your needs and wants. Grade 10 Student
We have learned based on definition that consumer behavior attempts to understand consumer wants and their decision making. Which is a very necessary in an organization. If we know the behavior of the consumer regarding their wants then it is a big advantage on our part as a marketer. It will be easy for us to identify and recognizes what to sale and what not to. With this, Consumer behavior is indeed an important course in business education.
We have learned based on definition that consumer behavior attempts to understand consumer wants and their decision making. Which is a very necessary in an organization. If we know the behavior of the consumer regarding their wants then it is a big advantage on our part as a marketer. It will be easy for us to identify and recognizes what to sale and what not to. With this, Consumer behavior is indeed an important course in business education.