What is your buying behavior

Assignment Help Financial Management
Reference no: EM132088207 , Length: word count : 600

In reality, making a purchase is usually emotional. Studies show that people buy with their hearts more than their heads.

Sometimes, people buy on impulse because they like what they see, or they buy because they feel unhappy and think the purchase will make them happy. Sometimes they buy because they feel guilty or because their friend is buying something.

The following are two dimensions of shopping experiences:

Utilitarian: Shopping to achieve a goal or complete a task

Hedonic: Shopping because it is fun and because people enjoy it

Understanding these dimensions can provide insight into consumer behavior. Consumers can also be categorized into the following three categories:

Impulsive: Impulsive buyers purchase products quickly.

Patient: Patient buyers purchase products after making some comparisons.

Analytical: Analytical buyers do substantial research before making the decision to purchase products or services.

What is your buying behavior?

Discuss some of the emotions that you might feel when buying a product or service. If you had to name what type of consumer you are, what would it be? Complete the following:

Name the type of consumer that you are.

Write a summary of how you feel when you buy something.

write 600 words

Reference no: EM132088207

Questions Cloud

Health care services marketing differ from retail marketing : How does health care services marketing differ from retail marketing?
How you might design performance management : What are your ideas for how you might design performance management, compensation and incentives for this new position? Why?
Current pension assets : Assuming an annual nominal return of 5%, compounded monthly, and a life expectancy of 25 years, what monthly income will Ruth receive
What amount of net income did adams corporation report : Xing Corporation owns 80 percent of the voting common shares of Adams Corporation. Noncontrolling interest was assigned $24,000 of income.
What is your buying behavior : In reality, making a purchase is usually emotional. Studies show that people buy with their hearts more than their heads.
Differences between rrsp accounts and tfsas : Explain four differences between RRSP accounts and TFSAs. What advice would give these clients about their RRSP/TFSA?
Report which critically analyses the conceptual design phase : COIT20275 - Systems Science and Engineering - write a report which critically analyses the conceptual design phase of a systems engineering project
Calculate labor and overhead variances : XO-20 is an oil based product used to remove rust on bolts and nuts that are stuck. Its accounting system uses standard costs. The standards per 0.4-liter.
Why a business owner might opt to become a partnership : Explain at least two (2) reasons why a business owner might opt to become a partnership over a corporation. Provide support for your rationale.

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd