In: Economics
Consumer behaviour course
Illustrate the self concept and clarify its relevance to consumption. Are there multiple selves that individual consumers may be managing through their purchase decisions?
Consumer Behavior
The term consumer behavior can be defined the factors that affect a
consumer to influence in his decisions on consumption. The behavior
may be different to different consumer depending on the aspects of
search, selection and purchase of services. Consumer behavior
itself is an area under marketing to research about. The area
focuses on how different consumers differ with their own interests
and how they are affected in consumption.
Consumption is mostly a process of following interests. Individuals
differing tastes and interests get various ideas and methods to
consume. Market demand is an average interest of the public on
which, everyone differs. The self behavior of every individual
giving different utility on different goods forces them to choose
one over other at situations. Goods are not giving same utility to
all because of the varying self within individuals. Factors
influencing individuals self, like family interest, personal
interest etc. could matter. Also, within a single individual, the
behavior is not always constant varying to the change in
preferences. Individual changing the demand decision accordingly
where he wants. The time being healthy and unhealthy can be
considered as an example for multiple selves within one. The
consumption cannot follow single behavior because the behavior
itself is of fluctuations. Thus the demand changes as the utility
differs according to situations and changes within selves to adapt
or stay constant in the same way of consuming behavior.