Question: Understanding consumer behavior is important because a firm can only succeed if all of the following happen except: 4 Consumers see a need Consumers are

Understanding consumer behavior is important because a firm can only succeed if all of the following happen except:
4
Consumers see a need
Consumers are made aware of the product or service
5
Consumers see a product or service as the best option for them
Consumers needs are met once they purchase and consumer the product or service
Understanding consumer behavior is important because a firm can only succeed

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

I have attached the question. I will post student question when I receive one later. Chapter 2, Customer Behavior and 3, Segmentation of textbook can also be used. Marketing Management: MKT500 Week 1...

Q:

There are adjustments according to the numbers in the paragraphs and they must be adjusted according to the notes below the paragraphs and sequentially according to the text Please find attached your...

Q:

Article: Why Customers Stay? Reasons and Consequences of Inertia in Financial Services Abstract This research investigates inertia in a financial services context, with particular focus on the...

Q:

Targeting Rural Yoghurt Market: A Way Forward Students need to analyze the case's issues critically, and answers the questions that are reported at the bottom of the case study. Company Background...

Q:

Use the information you have learned about your company's (HomeGoods) business model, industry, competition, and target market in conjunction with the feedback you received on your work in the...

Q:

Question : need Conclusion. Explain how you will implement the virtual management? VIRTUAL MANAGEMENT STRATEGY Companies are continued to expand its business globally. The number of employees working...

Q:

Please ASAPP I HAVE ONLY 30 MINUTES PLEASE HELP ME. answer in your own terms ASAPPP PLEASE FOLLOW SUBJECT: Consumer Behavior Read Case 2-1, pp. 158-159, in CB 9 and and respond to the following...

Q:

1.0Introduction 1.1 Background Understanding consumer behavior is crucial for organizations working in the online retail industry. The approaches required to obtain information from consumers have...

Q:

1) Although promotion as a marketing tool may have multiple goals but the most common goal for most companies is _____________. providing information building goodwill differentiating the product...

Q:

5)An airline advertises a low fare for flights between Chicago and Los Angeles. However, to get the ow fare you have to leave before 7:00 am or after 9:00 pm. What is the airline's promotional...

Q:

Westworld is a shop which sells wild west souvenirs and memorabilia. The owner of Westworld Ltd has prepared the following trial balance as at 31 July 20X1 from her accounting records: DR CR 550...

Q:

What is a user view?

Q:

If a project is independent, then it cannot have multiple IRR's

Q:

-/1 View Policies Current Attempt in Progress The following amortization and interest schedule reflects the issuance of 10-year bonds by Bridgeport Corporation on January 1, 2014, and the subsequent...