Importance to understand consumers behaviour.

[TOZZIBLINKZ]

Consumer behaviour is considered to be the backbone for which a particular release products in the local market can be patronized by members of the public. However if goods and services produced and available in the local market does not suit the taste and preference of individuals surrounding the business environment, there will be no profit made. Below are some of the importance that it brings to a business owner to understand his or her consumers behaviour:

* Design product to suit their taste: understanding the behaviour and attitude of your consumers simply means knowing what they like and dislike, as a result of this you would be able to produce, distribute, assemble, and make available goods and services that they are more likely to purchase. In a product manufacturing company, understanding the behaviour and attitude of consumers is important so as to design products fitting to their taste and preference.

* To know the effects of price on buyers: secondly understanding the behaviour and attitude of your customers and consumers, helps you to know how to price your business products. If more customer patronizing a particular product it doesn't only mean that the product is effective, but also mean that the product is cheap to purchase. However for you to place the right price on the goods and services, you must understand your consumers behaviour as well as reaction to cheap or expensive products.

* To carry out further research: understanding you consumer's behaviour helps business managers and owners, to estimate for the research in the business organisation, as to what product or services to provide or render next, as well as what price should be imposed on newly distributed or produce goods and services.

 

[King bell]

Understanding consumer behaviour is vital for any business, as it allows businesses to assess their current marketing strategies and make informed decisions about how to improve their products and services to meet consumer demands. By understanding the motivations and attitudes of consumers, businesses can better assess their target market and develop effective marketing campaigns that will reach the right people.

Consumer behaviour also provides valuable insights into the products and services that are most likely to be successful. By understanding what drives customers to purchase a particular product or service, businesses can develop strategies that are tailored to their target market. This can help them to maximize their profits by targeting the right customers and offering the right products and services.

Furthermore, understanding consumer behaviour can help businesses to stay ahead of the competition. By monitoring consumer trends and preferences, businesses can identify new opportunities and potential markets before their competitors do, allowing them to gain a competitive advantage.

Finally, understanding consumer behaviour can also help businesses improve customer service. By understanding the expectations and needs of customers, businesses can provide better service and build stronger relationships with their consumers. This can lead to increased customer loyalty and repeat customers, which will result in greater profits for the business.

In conclusion, understanding consumer behaviour is essential for any business that wants to stay competitive and successful.

 

[CALVINDOL]

Understanding the consumer's behaviour is definitely one of the best channel you could use to make sure that you are providing and making available the right quality goods and services capable and suitable to win their interest and loyalty. However, for a particular business organisation to be able to accommodate huge and reasonable amount of potential customers it must be able to understand their behaviour. Factors needed to understand consumers behaviour include age, belief, and trends. And when a business organisation is able to understand his consumers behaviour bye examining their age limit as well as their belief and also their craving for new trends in the market, the business will be able to make available goods and services fitting to their taste and preference.

Understanding consumers behaviour also helps the business organisations to carry out research, especially price research for a newly released product in the market. In other words it helps a business to know how to price their business products so that it could be bought or purchased by members of the public.

 

[Etini]

It is important to understand the behavior of customers so as to be able to relate with them and render services to them. Some customers are impatient, you have to find a way and deal with them. Some are high spirited, and you also have to find a way to deal with them. That's why a good business must be able to adapt it's services per customer and work it out.

 

[Johnson2468]

Consumer buying behavior examines a variety of situations, including what customers purchase, why they purchase it, when they purchase it, how frequently they purchase it, and many other factors

For a business to be successful with both the launch of new products and its present lineup of products, it is imperative to comprehend consumer behavior. Every customer approaches purchasing a specific product with a unique thought process and mindset. There are several risks for product failure if a corporation doesn't comprehend how a consumer will react to a product.

Consumer behavior varies as a result of evolving fashion, technology, trends, lifestyles, disposable income, and similar other factors. To align marketing efforts appropriately, a marketer must be aware of the aspects that are changing.

In addition to attracting new consumers, consumer behavior is crucial for keeping current ones as well. A satisfied customer is more likely to make the same purchase in the future. Therefore, it is important to sell the product in a way that encourages repeat purchases from customers.

 

[Axis]

The goods and services rendered in a particular business organisation isn't made in provision for wastage but rather they are made in provision so that members of the public can come in to patronize the business based on what it has to sell or to render. To make sure that your business product and services are capable and able to be sold and to the marketing to members of the public it is definitely necessary that you consider certain factors that determines your consumers behaviour towards your goods and services or your business products. Not every kind of business product is capable and able to flourish in a particular area however for you to know the kind of product to sell and to render in a particular area you must make sure to do your research.

As the owner of the business or as the individual intending to establish business one of the key question you need to ask yourself is, what is the income capacity of people in the neighborhood? Another possible question is what are their test and preferences? . The first question will help me to know how to import prices on the goods and services and also the second question will help you to know what kind of product to sell and to render.