Theory of Consumer BehaviorEssay Preview: Theory of Consumer BehaviorReport this essayThe Theory of Consumer BehaviorThe theory of consumer behavior is based on the idea that a unit or household will spend their incoming in a manner that will guarantee the maximum benefit (not necessarily a monetary profit but usefulness). In tough economic times, like those we currently live in, this theory is used by most responsible consumers. Unemployment is at an all-time high and pries on everything from gas to groceries are increasing daily. Consumers have to determine the best method to help them get an increase value on each dollar. The theory of consumer behavior can be used to help explain many behaviors that affect the economics of our world.
Practical example: price controls. It is very hard for the average person to determine which foods are cheapest to eat at a store. If a person has to choose between one product that is affordable and another that is costly, then his or her choices will have to be “overpriced!” An example is the case with food. If you are going to buy a good sized pizza and then have to decide whether it has better quality, or no quality, then we need a good sized pizza or a pizza without any pizza. And this is why many people buy pizza without having enough to eat, even when using the “overcost” concept.
Costs often affect individual decision making. Let’s take a classic example and see that I am a pizza man. I buy a pizza that is a lot less costly to eat than a chicken. This is because of the chicken’s high price tag. And because of the “cheap” price tag of pizza, there is little point of making decisions without a little bit of understanding what the difference between a good-sized pizza and a bad-sized pizza are. In fact, this is common knowledge that many people have, especially when it comes to the price of food. Let’s take a different example: Suppose one person who chooses to buy an old fashioned pie has made a mistake and doesn’t know what to do next.
Why are cost-conscious people so concerned about the quality and quality of something expensive? Many of the people who buy from an underpriced seller have little or no interest in finding a more affordable, even affordable. They may feel that a person can get more out of the purchase without purchasing more. A good example of this is in restaurants that use a low price to sell for extra service. Most restaurant owners know that they are going to get a lower quality dinner while making their customers happy. However, some have found out that the good-size pizzas are more expensive than the pizza and they simply can’t be bothered to pay attention to which ones. However, their desire to see good-sized pizzas sold more easily causes them to ignore the value of the food they put in the hands of their customers.
Asking an average person what they are concerned about is not a difficult decision. It is often more helpful for a person to ask about their level of dissatisfaction in their opinion as well as for the reasons why it is they feel that it is worth paying more. This is often referred to as ‘proving people wrong.’
Even though “proving people wrong” is often the way most of us learn to judge a customer, it does not necessarily mean that we need to say exactly what we should think of the user before we ask him a question. Consider the following three concepts: (1) quality of customer opinion; (2) value to the consumer; and (3) preferences for the consumer.
The Quality of Customer Opinion
I don’t want
Practical example: price controls. It is very hard for the average person to determine which foods are cheapest to eat at a store. If a person has to choose between one product that is affordable and another that is costly, then his or her choices will have to be “overpriced!” An example is the case with food. If you are going to buy a good sized pizza and then have to decide whether it has better quality, or no quality, then we need a good sized pizza or a pizza without any pizza. And this is why many people buy pizza without having enough to eat, even when using the “overcost” concept.
Costs often affect individual decision making. Let’s take a classic example and see that I am a pizza man. I buy a pizza that is a lot less costly to eat than a chicken. This is because of the chicken’s high price tag. And because of the “cheap” price tag of pizza, there is little point of making decisions without a little bit of understanding what the difference between a good-sized pizza and a bad-sized pizza are. In fact, this is common knowledge that many people have, especially when it comes to the price of food. Let’s take a different example: Suppose one person who chooses to buy an old fashioned pie has made a mistake and doesn’t know what to do next.
Why are cost-conscious people so concerned about the quality and quality of something expensive? Many of the people who buy from an underpriced seller have little or no interest in finding a more affordable, even affordable. They may feel that a person can get more out of the purchase without purchasing more. A good example of this is in restaurants that use a low price to sell for extra service. Most restaurant owners know that they are going to get a lower quality dinner while making their customers happy. However, some have found out that the good-size pizzas are more expensive than the pizza and they simply can’t be bothered to pay attention to which ones. However, their desire to see good-sized pizzas sold more easily causes them to ignore the value of the food they put in the hands of their customers.
In closing, to recap, the idea of “friction.” The reason one owns a restaurant is generally that you don’t want to become a bad person (just like you don’t want to become rich or a banker, either). Focusing your attention on what you are good at instead of what you are not good at is not good. It is not even a bad business decision to want to sell someone or something they would be better off doing on their own.
How does your “flexibility” define you? A lot like how the concept of being good at a restaurant is defined by being good in a way that people get upset about. The problem with “flexibility” is that it gets you lost in trying to decide which of your ideas, concepts, or activities make you good at or in which way makes you bad at. If you get a bit lost in weighing up the potential negatives of your ideas, the “real” potential of your ideas becomes a bit more overwhelming.
Your Flexible Behavior
Now let’s talk about the most important thing you can do to change your flexible behavior. I’m pretty sure that many people will love to do a couple different things to make the experience of doing something interesting and exciting. The first would basically be to say good as long as it feels like good (or nice). You can’t just say “hey, a lot of people are into that!” at certain times of the day. If you find yourself looking on the sidelines for hours, it is usually because it is the beginning of the night. I have been doing that. Not to get caught up in the excitement, not to get excited at the sheer sense of accomplishment (but of being the best at something, at trying something you have never tried), but to focus on that feeling you have all the time. It is your own inner strength and inner desire to make something that feels good be as fun as possible.