1. Consumer behavior is the study of how individuals select, purchase, use, and dispose of products and services to satisfy their needs. It examines psychological and social factors that influence buying decisions.
2. The purchase decision process typically involves problem recognition, information search, evaluation of alternatives, purchase, and post-purchase evaluation. Consumers progress through these stages to varying degrees depending on the type of purchase.
3. Marketers aim to understand the purchase process and influence consumers at each stage. Tools like advertising, promotions, and sales techniques can increase brand awareness, shape consideration sets, and encourage purchase. Marketers also analyze post-purchase feedback to enhance future marketing strategies.