Understanding Consumer Behavior in Product Purchase Decisions
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MPGC: The M C classifies products based on two criteria: 1) criteria for durability and tangibility: C non-durable goods, durable goods, and b of C ss; 2) the purchase process: convenience, impulse purchase, specialty, and unsought.
PGC: We understand that everyday consumers often acquire products that are frequently destroyed through use, which must necessarily be low-cost replacements. This implies that the buying process usually involves minimal cognitive effort; the search for information and evaluation of alternatives are minimal, if not fundamentally nonexistent. These are referred to as convenience products.
According to the AMA, the PGC is a process of planning and implementing the concept, price, promotion, and distribution of products... Continue reading "Understanding Consumer Behavior in Product Purchase Decisions" »