Is consumer behavior diverging rather than converging? Many would say that because of globalization‚ the income‚ media and technology would suggest that consumer’s needs‚ taste‚ lifestyles and wants have become homogeneous‚ giving special emphasis on technology and internet. But what people do with their possessions does not converge. Some believe that global companies will achieve success by concentrating on what everybody wants rather than worrying about the details of what everyone things they
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A SYNOPSIS ON THE CREDIT RATINGS GAME 1. Background /Introduction A credit rating is an estimate of the credit quality of a company or a financial security. Historically‚ credit ratings have been most commonly issued in case of public debt issued by corporations. In that case‚ credit rating is based on the credit history of the borrower‚ its assets and liabilities‚ and its total business activity. The informational role of credit ratings is crucial for the functioning
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Consumer Buying Behavior Comparison in Marketing Strategies Hainan Huang Southern New Hampshire University In order to help creating new offerings‚ improving communication‚ organizing delivery and‚ eventually‚ increasing the sale. It is important to understand the consumer buying behavior from situational‚ personality and social aspects. This paper will briefly discuss the marketing strategies of two giant retail department stores‚ Walmart and Macy’s‚ in terms of customer buying behaviors.
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industry and only 10-20% in the industrial equipment industry. Within a industry‚ a low and high spending companies can be found. This project explores and extends the congruency framework by incorporating the impact of promotion schemes on consumer buying behavior. INTRODUCTION TO PROMOTION SCHEMES Promotional Scheming is simply the creation of plan to profit from a market. Stocks‚ Bond‚ Commodities‚ Forex markets can all be schemed. Scheme by definition means "A systematic plan of action". Promotion
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Farzana (2012) this study is to explore how consumers’ psychological factors (Motivation‚ perception‚ and attitude) are associated with brand equity (brand loyalty‚ brand association‚ perceived quality‚ and brand awareness) of laptop. The result revealed that‚ consumers’ motivation to use laptop and brand association criteria work separately. They consider battery lifetime (brand association) as important feature while satisfying those purposes. Consumers’ attitudes are shaped up by others‚ especially
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the effect of celebrity endorsement on consumer buying behaviour - January 5th‚ 2010 The crescendo of celebrities endorsing brands has been steadily increasing over the past 20 years or so. Marketers overtly acknowledge the power of celebrity in influencing buyer ’s purchase decision. They have firm believe that likeability or a favorable attitude towards a brand is created by the use of a celebrity. The crore of rupees spent per year on celebrity endorsement contracts show that celebrities like
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understand that to satisfy the needs of consumers in very distinct markets effectively‚ they must learn to understand the differences and similarities between the peoples of the countries they are targeting (Schiffman‚ & Kanuk‚ 2007). Any product introduced on a foreign market has to be made to fit the preferences of specific attitudes of the foreign consumer (Schiffman‚ & Kanuk‚ 2007). In the case of Iams‚ it was necessary to persuade the consumer of the European market to break with their
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Consumer Behavior and Cultural Factors affecting Consumer Behavior What is Consumer Behavior? Consumer behavior deals with the study of buying behavior of consumers. Consumer behavior helps us understand why and why not an individual purchases goods and services from the market. There are several factors which influence the buying decision of consumers‚ cultural factors being one of the most important factors. What is Culture? The complex whole that includes knowledge‚ beliefs‚ arts
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"Consumer Behavior of Youth - A.Y - 2013- 2014" INTRODUCTION Youth is the time of life when one is young‚ but often means the time between childhood and adulthood. Youth is the stage of constructing the self-concept. The self-concept of youth is influenced by several variables such as peers‚ lifestyle‚ gender‚ and culture. It is the time of a person’s life in which they make choices which will affect their future. ---From Wikipedia‚ the free encyclopedia In our country 13 to 35 years old are
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Managing Customer-Based Brand Equity The author presents a conceptual model of brand equity from the perspective of the individual consumer. Customer-based brand equity is defined as the differential effect of brand knowledge on consumer response to the marketing of the brand. A brand is said to have positive (negative) customer-based brand equity when consumers react more (less) favorably to an element of the marketing mix for the brand than they do to the same marketing mix element when it
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