How were consumers socialized to the cultural expectations
surrounding the context "valentine's day"? In other words, how did
consumers learn what behaviors (purchase behaviors and others) were
expected of them?
Describe the reference groups that may be affecting consumers
relative to this cultural context "valentine's day" and provide
examples. Is the influence from reference groups informative,
utilitarian, or value-expressive? Explain. Does social comparison
theory play a role in consumer behavior? Explain.
Supply and Demand of Flowers (Red Roses) at Valentine's Day.
a). Analysis:
i. Identify the market.
ii. Identify which curve is shifting.
iii. State which determinant of demand or supply is causing the
shift.
iv. Identify the expected impact of this shift on equilibrium
price and
quantity.
b). Graphical analysis:
i. Graphically show this shift.
1. identify the initial equilibrium price and quantity
2. draw the shift of the supply or demand curve, clearly
indicating the direction of the shift...
Consumer Behavior Model: Environmental factors
Student can use the model of consumer behavior to identify those
environmental factors most likely to affect the consumer decision
making for Tesla Model S or X.. Refer to the model of consumer
behavior and identify two of the most important environmental
factors you think are relevant to the customers of your product or
service offering. Explain your choices.
site references used
CONSUMER BEHAVIOR: Explain in a few paragraphs how
consumers interpret information about products and people through
their perceptions, learning, and memory.