Online shopping is growing due to its convenience and accessibility. Consumers can shop from anywhere at any time. The top reasons consumers opt for online shopping are convenience, lower prices, and greater selection. China spends the most on online shopping, with apparel and food popular categories. While online shopping satisfaction is high, free shipping is the top incentive for consumers to shop more online.
This research paper does a detailed study on the production line of furniture, the processes from start to finish. It talks about the difference between chain production and parallel production lines and explains each step in manufacturing wooden furniture. The research also familiarizes with all the main types of machinery used during any kind of production,
This research paper does a detailed study on the production line of furniture, the processes from start to finish. It talks about the difference between chain production and parallel production lines and explains each step in manufacturing wooden furniture. The research also familiarizes with all the main types of machinery used during any kind of production,
Personality and self concept- Studying Consumer Behaviour Nupur Agarwal
Personality and Self Concept are important parameters while studying consumer behaviour. It helps us understand the market behavioural pattern and trends.
INFLUENCE OF CULTURE ON CONSUMER BEHAVIOUR
3. WHAT IS CULTURE?
4. BELIEFS AND VALUES:
5. WHAT IS CONSUMER BEHAVIOUR?
6. THE INVISIBLE HAND OF CULTURE
7. Culture exists at different subjective levels:
8. CULTURE SATISFIES NEEDS
10. HOW IS CULTURE LEARNED?
11. How Culture Is Learned
12. ACQUISITION OF CULTURE
13. LANGUAGE AND SYMBOLS:
15. RITUALS:
16. SHARING OF CULTURE
18. CULTURE IS DYNAMIC
20. Mythology
21. THE MEASUREMENT OF CULTURE:
25. Value Measurement Survey Instruments:
27. CONCLUSION
29. REFERENCES:
CONSUMER BEHAVIOUR – NINTH EDITION
WRITTEN BY: LEON G. SCHIFFMAN
LESLIE LAZAR KANUK
Consumer Decision Process: Problem Recognition
Types of consumer decisions, Purchase involvement levels and the decision process, Problem/Need Recognition, Types of Consumer Problems, Marketing Strategy and Problem Recognition.
The scope of furniture manufacturing | AP InterioAP Interio
The desire to refurbish everything around us has lead individuals to wind up fashion-centric. This can be because of the hectic life that we are leading and this has made us seek relaxation in the comfy home and through the colors and designs in our furniture's we try to make our home and office more comfy and homey.
Reference Groups (RG) and Family Influences: What is a group? - Understanding the power of reference groups - Selected consumer - Related RG - Family decision making and consumption -Related roles-The family life cycle
The election to the Council of the Institute of the Chartered Accountants of India- Central Council and Regional Councils has been notified and are scheduled on December 3, 2015 and Dec 4, 2015. These elections are very important for Chartered Accountants Community as a whole including members in practice, members in employment as well as members in Industry/ Businesses.
Personality and self concept- Studying Consumer Behaviour Nupur Agarwal
Personality and Self Concept are important parameters while studying consumer behaviour. It helps us understand the market behavioural pattern and trends.
INFLUENCE OF CULTURE ON CONSUMER BEHAVIOUR
3. WHAT IS CULTURE?
4. BELIEFS AND VALUES:
5. WHAT IS CONSUMER BEHAVIOUR?
6. THE INVISIBLE HAND OF CULTURE
7. Culture exists at different subjective levels:
8. CULTURE SATISFIES NEEDS
10. HOW IS CULTURE LEARNED?
11. How Culture Is Learned
12. ACQUISITION OF CULTURE
13. LANGUAGE AND SYMBOLS:
15. RITUALS:
16. SHARING OF CULTURE
18. CULTURE IS DYNAMIC
20. Mythology
21. THE MEASUREMENT OF CULTURE:
25. Value Measurement Survey Instruments:
27. CONCLUSION
29. REFERENCES:
CONSUMER BEHAVIOUR – NINTH EDITION
WRITTEN BY: LEON G. SCHIFFMAN
LESLIE LAZAR KANUK
Consumer Decision Process: Problem Recognition
Types of consumer decisions, Purchase involvement levels and the decision process, Problem/Need Recognition, Types of Consumer Problems, Marketing Strategy and Problem Recognition.
The scope of furniture manufacturing | AP InterioAP Interio
The desire to refurbish everything around us has lead individuals to wind up fashion-centric. This can be because of the hectic life that we are leading and this has made us seek relaxation in the comfy home and through the colors and designs in our furniture's we try to make our home and office more comfy and homey.
Reference Groups (RG) and Family Influences: What is a group? - Understanding the power of reference groups - Selected consumer - Related RG - Family decision making and consumption -Related roles-The family life cycle
The election to the Council of the Institute of the Chartered Accountants of India- Central Council and Regional Councils has been notified and are scheduled on December 3, 2015 and Dec 4, 2015. These elections are very important for Chartered Accountants Community as a whole including members in practice, members in employment as well as members in Industry/ Businesses.
Companies Act 2013 and the draft Rules towards better corporate GovernanceNeha Sharma
The Companies Act 2013 has already been passed by the Parliament and has also received the assent of the President. The government is expected to announce the date from which the specific section of the new Act will come in force.
The general public and the society including top bureaucrats, politicians, media personnel, social activists, thinkers, intellectuals and policy makers and those who determine the future directions of the society and the economy expect the auditing profession to perform the roles of a watchdog who can monitor the auditee entity comprehensively to ensure that interest of owners, minority shareholders, investors, bankers, government, regulators, suppliers, customers and other stake holders are fully protected. Most importantly interest of the auditee entity are preserved and various financial and operational decisions taken by the management at various levels were in the interest of the company and were within the policy framework laid down by the Board.
At the outset, the new BJP led NDA Government is to be congratulated for winning the General Election with a thumping majority. The agenda of the BJP government in the shape of their visionary Election Manifesto will lead the direction to a Growth oriented, people friendly, consensus driven policies.
INDIAN ECONOMY LOOKING FOR DIRECTION FOR INDIA TO SHINE AGAINNeha Sharma
The Indian economy is in the threshold of a big leap towards India shining once again, but the main stumbling block being a sense of confusion about government policies, scarcity of low cost adequate money for funding further investments and most importantly India Inc. awaiting for specific policy decisions and creative actions in the areas which has been adversely impacted due to lack of policy initiative.
The Chartered Accountants community of Auditors is being exposed to new challenges and expectations while they are finalizing audits for the Financial Year ending March 31, 2015. The new provisions will ensure that all the serious and committed professional Chartered Accountants gain substantially as the value of the Audit Report and its credibility will be much higher in the light of new responsibilities and Corporate Governance Mechanism.
The initiatives proposed by honourable Finance Minister in his budget speech on February 28, 2016 to effectively deal with the problem of black money, which eats into vitals of our society and economy, are highly commendable. The measures initiated by the government in the last nine months to bring back the black money in Swiss Banks has already brought very fruitful results and the names and the details of possible offenders have already been disclosed to Special Investigation Team set up by honorable Supreme Court.
INDIAN ECONOMY THE SHOW MUST GO ON GROWTH PADDLENeha Sharma
The monsoon session of parliament was over without transacting any meaningful business.In this process, the government could not get the constitutional amendment passed by Rajya Sabha (Lok Sabha has already passed the bill) to bring Goods and Service Tax (GST) to replace Excise, VAT and few other indirect taxes. Even the Land Acquisition Bill to facilitate Industrial Development and other public purposes was deffered on the recommendation of the joint parliamentary comittees.
NON PERFORMING ASSETS – NEED FOR PRAGMATIC & PRACTICAL REGULATORY FRAMEWORK Neha Sharma
The Reserve Bank of India, Indian Banks Association, almost all Public Sector Banks and the Indian businesses are deeply concerned about significant rise in nonperforming assets during last one year. The Indian economy has been passing through unprecedented turbulent times. Many important sectors of the economy have been adversely affected.
FALL IN RUPEE - A MAJOR CONCERN FOR THE ECONOMYNeha Sharma
The recent fall of the Indian rupee visà-vis US Dollar and other major currencies have caused serious concern in the business, profession and Indian intellectuals. The fall of Indian rupee indicate serious inherent weakness of the Indian economy and in spite of some arrests of the inflationary tendency the overall outlook is very weak. Some major indicators include:
Neto State of Ecommerce Report: Retail Year in Review 2017Neto
This year, technology has continued to present both challenges and opportunities for almost every industry, and retail has not been immune. Artificial intelligence, voice recognition, virtual reality and the Internet of Things (IOT) have all had a huge impact on both retailers and consumer behaviour.
Consumer habits and preferences are changing with regards to the way they shop, where they shop, when they shop, and how they pay for things. Shoppers expect a seamless, omni-channel experience that delivers the best value, every time.
And it’s up to retailers to deliver.
Learn how your ecommerce business measures up and how you can tailor your business to the changing needs of consumers.
The Relevance of Retail Stores in an Omni-Channel WorldData N Charts
As online and offline merge in today’s commerce anywhere and everywhere world, what is the significance of the retail store as a customer touch point?
Read full report: http://www.data-charts.com/the-relevance-of-brick-mortar-stores-in-an-omni-channel-world/
This report will not only reveal that shoppers still prefer in-store to online experience, but also shed light on three key reasons why they prefer brick-&-mortar stores as well as offer a strategic guide on what retailers can do to improve the consumer’s store experience in return for their loyalty and word of mouth.
Key Questions Answered in the Report
Do omni-channel shoppers prefer to visit and buy from retail stores?
Why do store goers prefer brick-&-mortar to the online experience?
What is the role of retail stores to the omni-channel shopper?
How can retailers better serve shoppers to increase loyalty and word of mouth?
Report Table of Contents
I. Top stats from the report
II. Introduction
i. US omni-channel shopping hits tipping point in 2014
ii. Omni-channel gives consumers options when it comes to how they buy
iii. Consumers prefer buying in-store to all other omni-channel options
III. 3 reasons omni-channel consumers prefer physical stores
i. Stores provide emotional benefits that improve shopping experience
ii. Brand driven purchase decision
iii. Rise of webrooming - search online, buy offline
IV. Retail as an information hub on the path to purchase
i. Evaluating retail stores in a tech driven information age
ii. Retail stores act as information hubs across the consumer journey
iii. Using technology to fulfill the need for information
V. 3 ways stores can better serve omni-channel shoppers
i. Awareness Stage: Provide info to facilitate & improve store visits
ii. Influence Stage: Empower staff to educate shoppers & exceed expectations
iii. Conversion Stage: Prevent out-of-stock instances that disappoint consumers
VI. References
List of Charts
US omni-channel shopper growth by category, 2013 vs 2014
Global consumer shopping behavior by mode of purchase
Global consumer shopping preference by mode of purchase
US shopper preference for brick-&-mortar vs online by drivers
The growing influence of brand on purchase decisions
Trends in showrooming vs webrooming among US shoppers
Impact of online research on loyalty to brands & retailers
US shoppers looking for information by store visit state
US shoppers visiting stores for info by consumer journey stage
US shoppers reaction to lack of information during store visit
US shopper demands from retailer mobile apps
Online sources used to conduct pre-purchase research
Top info sought by US shoppers during pre-purchase research
Shopper expectation from retail staff during store visits
Customer expectations on mobile use among retail staff
Impact of inventory information on shopper store visits
Impact of out-of-stock inventory on shopper conversion
Global is the new local: how consumer adoption of cross-border e-commerce exp...FedEx Asia Pacific
Technology has reshaped every aspect of our world over the last two decades. In the space of a generation, the entire shopping experience has been overhauled. Consumers around the globe are shopping cross-border, seeking hard-to-find items and looking for deals, presenting an enormous prospect for those businesses willing to seize the opportunity.
The Charitable Economy is Thriving
Point-of-Sale charitable campaigns are alive and well. According to America’s Charity Checkout Champions Report, over 77 groups with million-dollar point-of-sale campaigns raised $388 million in 2014, and over $3.88 billion throughout the last three decades.
However, with advancements in technology, the continued rise of online shopping and current campaign saturation in the marketplace, how should we evolve this decades-old fundraising tactic to thrive successfully in 2020 and beyond?
Catalist conducted an online consumer research study in April 2016 of over 1700 Americans aged 18 and older.
Participants were of varying gender, geographic location, economic status and ethnicity. The margin of error associated with the total sample 2.5% with a 95% level of confidence.
The Results: inspiring, thought-provoking and groundbreaking. To us, they unveil five key revelations that will fuel progressive charitable campaigns at the register.
eCommerce appetite and adoption is at an all-time high.
If there was ever any uncertainty as to whether there was sufficient demand for grocery eCommerce, new research has put an end to any doubts, and has provided answers to the question that’s currently top of all retailers’ minds: Should we be selling our products online?
Mercatus has released the results from a survey conducted in the first quarter of 2016 in a brand new report entitled “Insights into Grocery eCommerce 2016”.
Among the key findings in the report:
Your customers, regardless of age, are online, consider themselves to be technologically savvy, and are making more digital purchases than ever before.
Consumers are willing to order groceries from locations other than their favorite store for the convenience of click-and-collect shopping.
Sharing some of the research we did last year to understand how digital shopping behaviors are evolving across 12 unique product categories: Apparel, Electronics, Grocery, Appliances, Automotive Supplies, Beauty, Wireless, Jewelry, Home Remodeling, Furniture, Software, and Restaurants.
2. What is Online Shopping?
According to Wisegeek.org, online shopping is the process of
buying goods and services from merchants over the Internet.
According to Economic times, when you buy a product or a
service over the internet, instead of going to a traditional brick-
and-mortar store, it is called online shopping.
3. Why Online Shopping is Growing?
There are several reasons,
• Convenience
• Greater variety
• Cheaper goods
• Accessibility
• Comparability
4. Why Do Consumers Opt For Online Shopping?
• About 60% online shoppers agree to the ease &
convenience as the main reason behind it.
• About 54% consumers mention the benefits of online
prices.
• The range of choices and offers available
online attracts consumers to online shoppers.
• The comfort of shopping from anywhere like
work place, car, in the bed, in the bathroom, physical
stores etc.
5. Who Shops Online?
The easiest answer to the question who shops online is
‘Everyone’.
Studies show that in America alone,
• About 96% of Americans have opted for online
purchases at some point of their life
• About 51% accepted online shopping as their first
choice.
6. 1. China ($562.66B)
2. United States ($349.06B )
3. United Kingdom ($93.89B)
4. Japan ($79.33B)
5. Germany ($74.46B)
Which Country Shops Online the Most in Year 2015?
7. Most Popular Categories
China ($562.66B)
• Most popular category is Apparel in Year 2015
• The most frequent online purchase are packaged and fresh
food
United Kingdom ($93.89B)
• Best-selling category is Clothes & Sports
Goods
• Other popular categories are household goods, travel
arrangements
8. Most Popular Categories
Japan ($79.33B)
• Best-selling category is Apparel & footwear
• Other popular categories are consumer electronics and
computers and equipments
Germany ($74.46B)
• Best-selling product category is Clothing in Year 2015
• Other popular categories are consumer electronics and
telecommunications and books and eBooks
9. Difference in Men & Women
• Women control about 80% of
the household shopping and
spending
• Men almost equal to
women when it comes to online
shoppingMen & Women
According to demographic reports, Men and Women are
nowhere less than each other. Their shopping habits and
frequency stands almost similar.
10. Difference in Parents & Non Parents
The survey reveals that,
• About 49% of the parents accept the fact that they
could not live without online shopping
• The parents group thus spends more time
and money online than the non parents
• Parents spend about 40%
• Non-Parents spend about 34%
Parents & Non-Parents
12. Concern of Rural & Metropolitan Consumers
• Online Shipping Costs
• Online Privacy
• Shipping Charges
About 63% of the sub-urban population of U.S were
concerned for the shipping charges while the rural
population worries about their online privacy issues.
The metropolitan population besides having more in-store
facilities nearby, spends time and money online.
13. Frequency of Online Shopping
According to Mintel’s online shopping Report U.S.A, About
70% of the Americans shop regularly online.
• About 69% Monthly
• About 33% Weekly
The consumers also stated that they increased the size of the
order to reduce the shipping charges to minimum.
14. Purchase Made On Personal Computers
The purchase made online through personal computers is
recorded to be 3% weekly, 8% monthly, 34% few times a
year, 7% once a year and the ones who never shopped are
4%.
Weekly
Monthly
Few Times
Yearly
Never Shopped
15. Purchase Made On Mobiles
The purchases made via mobile and smart phones are 3%
daily, 8% weekly, 13% monthly, 16% few times a year,
7% once a year and 52% never shopped on mobile.
Daily
Weekly
Monthly
Few Times
Yearly
Never Shopped
16. Purchase Made On Tablets
Purchases made online via tablets were 2% daily, 8% weekly,
14% monthly, few times a year 15%, once a year 6% and
never 54%.
Daily
Weekly
Monthly
Few Times
Yearly
Never Shopped
17. Why Do Consumers Opt For Online Shopping?
• About 66% of women agree to convenience as
the reason
• About 57% of men state the benefit of price as
the reason behind shopping online
18. Where They Do Online Shopping?
The survey conducted in the U.S. reveals,
• About 74% of Americans shopped at large retailers
• About 54% of them at e-commerce places
• About 44% at the web stores
• About 36% made purchases at specific online retailers
19. Season for Online Shopping?
Online shopping is made throughout the year but the festive
days like Black Friday and Cyber Monday
marked the maximum shopping made online.
In Year 2015, As per the various reports shoppers spent over
$2 billion from the weekend of November 28th through
December 1st, 2015.
20. More than 8 in 10 people (83%) are satisfied with their
online shopping experience.
Satisfaction of Online Shopping
21. 81%
Easy of checkout
80%
Variety of products & brands
73%
Shopping options
71%
Payment options
69%
Free or Discount Shipping
62%
Easy exchange & return
61%
Shopping from tablets
58%
Live customer support
55%
Shopping from mobiles
Satisfaction Level With Different Aspects
22. Incentives for Online Shopping Used By Retailers
According to the Walker Sands Future of Retail 2016 study, nine
out of 10 of the survey participants said free shipping
offered by retailers was the No. 1 incentive when asked what
would make them shop online more often.
23. To Conclude
So, shopping do not need any reason nowadays, sometimes
people just shop for the sake of happiness. The concept of
online shopping has no doubt made life easy for consumers.
More and more people are looking forward to online shopping
because of the convenience it has brought.
24. About Ohoshop
Ohoshop.in is venture of Rightway Solutions. It is a
mCommerce platform from where users can launch eCommerce
mobile app for their store, upload their catalogs, customize their
app and sell their products to customers within 24 hours. Free
Trial is available. Contact us now.
Email: info@ohoshop.in
Web: http://www.ohoshop.in
25. Ahmedabad
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Satellite, Ahmedabad – 380015
Gujarat, India
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