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Consumer is important for businesses because they buy the product/service that the business makes. Without consumers, there would be no point to have businesses since no one will buy the goods/services. No market can exist without consumers, and the eonomy depends on customers to spend money so the people who are paid can become consumers as well.
Wiki User
∙ 13y ago
Wiki User
∙ 11y agoIt affects the products that businesses make. Your choices also affect the prices that businesses receive for their products. Likewise, the products offered & their prices affect the choices you make.
Wiki User
∙ 10y agoBeing a bad consumer a not having a budjet can lead to disasterous resaults. Impulse shopping is usually what gets people into dept.
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What are the benefits of being a wise consumer?
You buy the things you want at a lower cost.
What is the importance of microeconomics in the daily life of a person?
micro economics has got a much more importance in our life.The basic concept of micro economics applications are demand,suuply,computation and consumer behaviour.
What is the importance of a consumer surplus?
If an organisation as to survive for a long term ,then the organisation as to think on consumer surplus . later on it creats the demand for a particular product or goods. consumer surplus is very importent for all the organisation...
What is the scope of consumer behavior and its importance?
Consumer behavior has a large scope in that it can affect everything about business. What consumers are currently buying and what they will buy in the future, how much they are willing to pay, etc. can determine what companies produce and even if a company survives.
What is the ultimate goal of being an economically literate citizen?
is to be able to make wise choices.
What are the benefits of being a wise health consumer?
It's complicated
What the first step in being a wise consumer of media?
Being a critical audience member
Where does a wise consumer get money to spend?
by being employeed, you get payed and plan your money and spend it wisely as a consumer.
What are the benefits of being a wise consumer?
You buy the things you want at a lower cost.
What is a wise consumer?
A wise consumer knows about being trifty and other things.They buy foods that they only need they don't buy other extra things that they don't need.They know if the food they buy is fresh or over priced in the market. a wise consumer can promote his or her health and well-being .he or she can save time and money ,they can build their self-confidence and they can protect their rights.being a smart consumer means deciding and spending wisely to get the most out of what is spent.
What are the traits of a wise consumer?
The
What is the first step in being a wise consumer of media?
it means to think about what you are seeing hearing or reading. Also not to fall for gimics or false advertisments
What are the 5 characteristics of a wise consumer?
Some good characteristics of a wise consumer are researching a product before purchasing. Another one is reading reviews and getting opinions from family and friends. Calling multiple stores or checking online for prices is also another great characteristic of a wise consumer.
What is organisational consumer behavior in marketing?
explain the importance of consumer behaviour in marketing view?
What is a reason why information is necessary for a wise consumer?
to match your preferences- Novanet
What is the reason why information is necessary for a wise consumer?
Save money at least
What do you mean by consumers behavior give its importance in economics?
what do you mean by consumer;s behavior give its importance in ecomonics
