What is consumer buying behavior?

What is a buying behavior of consumers?
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Consumer buying behavior determines how our consumers decide to buy our product and what are the various factors responsible for this decision? Consumer behavior is the study of when, why, how, and where people do or do not buy a product. How to decide which particular product or service to purchase? Consumer behavior captures all the aspect of purchase, utility and disposal of products and services. Culture alone cannot define consumer behavior; social forces also play an important role .A customer’s buying behavior is also influenced by social factors, such as the groups to which the customer belongs and social status. Social forces consist of family, friends, peer groups, status and role in society. Consumer buying behavior is influenced by individual’s own personality traits. These personality traits do not remain the same but change with the life cycle. Maslow’s hierarchy, Herzberg Theory and Freud Theory try and explain people different motivational level in undertaking a buying decision. Source:
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Questions surrounding consumer buying behaviour are actually asked considering that the first retailer set up shop thousands of years ago, and they still intrigue researchers and also the retail industry. You have different buying behaviours. A lot of people would prefer to buy quickly or go shopping on impulse. Others choose to take their time and request for assistance. Some buyers are extremely loyal and shop locally, and some opt for the cheapest option. And several people love to shop only on weekends. By trying to better discover how consumers think, what their shopping routine is and what influences their buying decisions, businesses can enhance their sales strategies."
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