LESSON 4 (Psychological Influences of Consumer Behavior) Flashcards

Importance of Understanding the Complexities of Consumer Behavior:

1
Q

Understand the psychology behind how consumers think and reason, and ultimately select between different alternatives (e.g. brands, products, retailers, etc.)

A

Develop effective marketing strategies and tactics

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2
Q

Understand how consumers act while shopping and the social influences behind purchases

A

Understand the social influences behind purchases

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