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Coursework example - Consumer Behaviour
Pages 6 (1506 words)
CThe paper analyzes the consumer behaviour. Consumer behaviour is the process of selection, buying and consumption of merchandise and services for satisfying their varying wants. There are diverse processes concerned with the consumer behaviour. …
Extract of sample
The paper shows that when you are aware of how consumers behave in relation to the goods, you are selling, and then you have a good understanding of how to give good service to them, raising the probability that you will have repeat consumers. For instance, if you know that consumers tend to come to your hotel since they can get good food devoid of waiting for a very long time, you should carry on training your wait employees to be as resourceful as possible.
Gather some customer behaviour data by just analyzing the sales data you already have. For instance, you can see whether the majority of your goods are brought with cash or credit card. If you happen to have a clock on the register, you know then when individuals tend to buy in your store. Nevertheless, you should not restrict yourself to that information.
The most important information is from the depth answers from your customers about their expenditure. Focus groups, the surveys and the one-on-one interviews are better ways to get the information about customer behaviour. Encourage the consumers to contribute in these projects by offering rewards, like a contest entry or a discount, for the survey completion or the focus group contribution.
This paper approves that consumer behaviour assists organizations decide what goods and services to produce or offer. Once they evaluate on what customers purchase and how they come up with they different ways of identifying what products to purchase and what to be left out, companies can more simply spot a necessitate that lacks in they product and supplement it with something either of the same quality or of a supplementary function. ...
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