We have already studied the theory of consumer behavior. You can find the full list of chapters here. It is now time to conclude with a bang!  This is a…

The only constant thing in life is change itself. Staying true to this famous saying, there were changes in consumer behavior due to the pandemic globally and drastically. Be it…

Globalization is not a new concept. It is old news now that an event in one country impacts every single country in the globe. It is important to understand consumer…

There have obviously been countless times in every consumer’s life when they had to try a new product. The buyer decision process for new products varies vastly from the one…

The B2B purchase decision process is similar to the individual consumer’s buyer decision process we saw in the previous chapter. But since the B2B purchase will affect a much larger…

As consumers, we don’t randomly buy products and services. We use a specific buyer decision process, whether consciously or unconsciously, to make the final decision regarding which product or service…

Till now, we have studied the different types of factors affecting consumer behavior. For each individual, all these factors will play an important role in differently affecting their consumer behavior….

It is a well-known fact that marketers use psychology to influence consumer behavior through advertisements, discounts, offers, etc. In this chapter, we will study the psychological factors affecting consumer behavior.

When marketers study their target markets, they make sure to understand that each consumer has some personal factors affecting their consumer behavior in addition to social and cultural factors. Let’s study these personal factors affecting consumer behavior.

Social factors affecting consumer behavior have to be kept in mind while marketing because society also vastly shapes consumer behavior. Let’s take a look at these factors.

It is in a brand’s best interest to try and prevent legal implications that arise out of an offensive marketing campaign. To avoid this complication, brands keep in mind the cultural factors affecting consumer behavior.