Understanding Consumer Behavior: How it Helps Marketers Develop Targeted Strategies for Better Marketing Success

The study of the processes involved when individuals or groups select, purchase, use, or dispose of products, services, ideas , or experiences to satisfy needs and desires is called ________. a. lifestyle marketing b. role marketing c. consumer behavior d. marketing research

C

The study of the processes involved when individuals or groups select, purchase, use, or dispose of products, services, ideas, or experiences to satisfy needs and desires is called Consumer Behavior. Consumer behavior is an important field of study for marketers as it helps them to understand the wants, needs, preferences, and behaviors of consumers, which in turn helps them to develop targeted marketing strategies to meet consumer needs and preferences, and to create better experiences for them. Consumer behavior also encompasses various factors that influence consumer decisions, such as culture, social class, family, and personal factors. Therefore, marketers can use the understanding of consumer behavior to create more effective and efficient marketing campaigns.

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