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Understanding consumer behavior is crucial for organizations as it helps them identify customer needs and preferences, enabling the development of products and services that resonate with their target audience. This insight allows businesses to tailor marketing strategies effectively, optimizing engagement and conversion rates. Additionally, by anticipating trends and shifts in consumer behavior, organizations can stay competitive and adapt to market changes proactively. Ultimately, a deep understanding of consumer behavior fosters stronger customer relationships and drives long-term loyalty.

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2mo ago

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