How to Behave With Consumers?

Economists are first group who explained consumer behavior with using economic theories. They believed that market mechanism can generate buyer and consumer by

How to Behave With Consumers?


18 April 2013 - 8:56 am

Description

Economists are first group who explained consumer behavior with using economic theories. They believed that market mechanism can generate buyer and consumer by itself. According to economic man model consumers tend to have full knowledge of all available consumption options and with rating each alternative they will select the best method (Schiffman ANDKanuk 2007). In the belief of economists with considering economic variables, consumers are equal and have a same behavior. According to the science of economic human is a rational creature , who have dominance over the market , and with using of knowledge about market apply to purchase best goods with lowest price , price play a significant role in motivation of consumers , therefore consumers compare the same goods with different prices , and apply to purchase the goods with the lowest price.

Categories: Business  & Management, Educational, Science & Technology

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