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VOL. 9, ISSUE 1 (2024)
Meaning and importance of understanding buyer behaviour: A study
Authors
Sandeep Kumar
Abstract

Buyer or Consumer behavior is the behavior that buyers or consumers display in searching for, purchasing, using, evaluating, and disposing of products and services that they expect will satisfy their needs. There are three phases of buyer behavior. There are: Acquisition phase, Consumption phase and disposition phase.

The Four main applications of buyer behavior are in developing marketing strategy, public policy formulation, social marketing and in consumer education. To survive in a rapidly changing market, a firm has to constantly understand and latest consumer trends and tastes for coming out viable marketing strategies.
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Pages:1-2
How to cite this article:
Sandeep Kumar "Meaning and importance of understanding buyer behaviour: A study". National Journal of Multidisciplinary Research and Development, Vol 9, Issue 1, 2024, Pages 1-2
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