In: Psychology
Write an essay on buyers using the method of division-classification. (500 words) Write an introduction to engage the attention of the reader leading to a thesis statement with a hint to the plan of development of your essay in three supporting points, develop each of the supporting points in a paragraph, and write a conclusion.
Introduction: There are a number of factors which influence the buyers requirements as being consumers of products in the market. These factors are social, cultural, personal and psychological factors which influence the perspectives. The buyers decision depends upon need to buy products, its relevance and importance in the household, price at which it is available in the market, and awareness about the utility of product and its impact on social life of people living in society.
Theory: There are various factors which favour the buying of specific products in the market with need and requirements of buyers or consumers in the market. There are similar products available in the market with decision solely depending upon the buyer on which product to buy and which not to buy. The decision to purchase a product depends upon the esteem and quality assurance of the products of a company and the price at which a specific product is available in the market. There is tremendous competition in the market where the national products and international products can be compared as both maintain the quality standards.There are various survey in household after purchasing of products where the performance of product is confirmed with assurance of quality. There are various factors on which the buying of product depends like occupation, job, employment, salary and scale of different types of jobs which set the price range for buying products in the market.
Conclusion: Companies offer discounts on products according to the availability of product or their utilization and demand in the market. There are various market surveys and advertisements which display the importance of product in the market for people living in the market.