Examining consumer behavior in a given product/service market

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Bibliographic Details
Main Author: Hackel Veronika Éva
Other Authors: Taralik Krisztina
Format: Thesis
Kulcsszavak:behavioral patterns
Consumer behavior
consumer demand
customer behavior models
Data Analytics
Risk Analysis
Socio-economic trends
Socio-political trends
Online Access:http://dolgozattar.uni-bge.hu/46161
Description
Abstract:Consumer buying behaviour is a very important facet of the marketing bureaus, that plays a very predominant role in predicting the sales of a company, and hence in the stabilization of the financial structure. Consumer buying behaviour provides an insight into the prospective demands and needs of the consumers as well as the prospective social economic, and political conditions of the market, through predictive analysis using data sets, acquired from the analysis of the behavioral patterns, and buying habits of the consumers. This, in turn, leads to personalized marketing that tailors the specified interests of the customers which leads to improved customer service, improved customer relations, enhanced decision-making, and improved risk management.