Download or read book Methods Predict Consumer Behavior Influence Factors written by Johnny Ch LOK and published by . This book was released on 2017-11-16 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: I write this book aims to research how psychological and/or economy factors can influence consumer behavior. This study of consumer behavior emphasizes how to do the " why" and "how" questions involved in decision making and buying behavior by psychological and economy influence factors. Consumer behavior in this day and age is highly applicable to modern society as it is an integral part of our everyday lives. It focuses on the rationale behind common consumer decision making processes and analyses the ways in which marketers can better understand how consumers think and behave. Internal influences, motivation, emotions and personality and influencing attitudes are different kind of psychological factors to influence any consumers to choose to make buying decision. External influences, such as environment and economy change factors will influence consumer individual consumption decision making. Whether it be travelling, shopping or watching television, individuals are directly or indirectly engaging in consumer behavior. It can be defined as the processes involved when individuals select, purchase and use products or services to fulfil their needs and desires. In my this book, I shall indicate these kind of products to explain how psychological and economy factors can influence these kind of product consumers' consumption change. These products include smartphone, Conclusion, I write this book aims to give better insight in order to better understand what psychological and economy elements can influence consumer individual behavioral change easily. Also , in my this book, I shall give different product cases to explain why these psycholgical and/or economy factors can influence consumer behavioral change to choose to buy or not buy the product or to consume the service, e.g. choosing to watch the movie, choosing the restaurant to eat foods. Any readers can analyze to judge why the consumer will choose to buy the product or consume the service which will be influenced to choose to buy/consume or not buy/not consume from these any one of psychological and/or economy factors more easily after you read my book.

Download or read book Predict Consumer Behavior Psychology Methods written by Johnny Ch LOK and published by . This book was released on 2018-03-29 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: In part three, I shall explain how to apply behavioral economy method to attempt to predict how any consumer individual consumption of decision. How to predict why the consumer chooses to do whose consumption behavior in psychological view point. I shall introduce the different kinds of behavioral consumption of prediction methods include: the standard economic model of behavioral consumption of prediction method, online psychological advertising of prediction method, brand image attention of behavioral consumption of prediction method, store atmosphere environment influence prediction method, knowledge of the factors prediction method, constructive consumer choice processes influence prediction method, survey research prediction method ,consumer neuroscientific research prediction method etc. different psychological research of consumption methods. I shall indicate that how to predict customer behavior in marketing view point, analyzing and predicting consumer behavior can include demographics, personality, personal values and lifestyles. First, demographics is the size, structure and distribution of a population. How marketers use demographic analysis as market segment, descriptors and in trend analysis to predict customer behavior as well as how consumer analysts use demographic trends to predict changes in demand for and consumption of specific products and services. To explain how demographic analysis provides information for social policy and demographics used in analyzing policy questions related to the aggregate performance of marketing in society ( macro marketing) to predict how industrial demand is ultimately derived from consumer demand. I shall explain why analysis of demographic trends is only important for industrial and business-to-business marketing and why it can't concentrate on consumer individual consumption marketing both as well as to explain why in an individual firm, which must understand not only the customer's minds, but also the minds of the customers'and to explain how to apply demographic analysis to predict consumer behavior factors include: changing structure of markets , geographic factors, economic resources and global markets. I shall explain why market analysis requires information about consumers with needs, ability to buy, willingness to pay and authority to pay, changing structure of consumer markets, such as how many consumers will there be? e.g. birthrate, national increase, fertility rate, total fertility rate, population momentum etc. information. In part four, I shall give insurance and travel both industries to explain how to apply behavioral economy theories to solve consumer behavior prediction as well as I shall indicate some methods to explain how manufacturers or service providers can attempt to solve some challenges encountering when who attempt to predict consumer behaviors. Finally, I shall indicate what the methods are the most effective to attempt to predict consumer behaviors. In my this book, the main important aim, I give examples to explain how to apply psychological and behavioral economic both view point related methods to predict consumer individual behavior to let businessmen learn how to choose the reasonable or right methods to attract consumers to choose to buy whose products or consume whose services to win competitors more easily.

Download or read book How to Predict Consumer Psychology written by Johnny Ch Lok and published by Independently Published. This book was released on 2018-10-17 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: I shall introduce the different kinds of behavioral consumption of prediction methods include: the standard economic model of behavioral consumption of prediction method, online psychological advertising of prediction method, brand image attention of behavioral consumption of prediction method, store atmosphere environment influence prediction method, knowledge of the factors prediction method, constructive consumer choice processes influence prediction method, survey research prediction method, consumer neuroscientific research prediction method etc. different psychological research of consumption methods.I shall explain why analysis of demographic trends is only important for industrial and business-to-business marketing and why it can't concentrate on consumer individual consumption marketing both as well as to explain why in an individual firm, which must understand not only the customer's minds, but also the minds of the customers'and to explain how to apply demographic analysis to predict consumer behavior factors include: changing structure of markets, geographic factors, economic resources and global markets. I shall explain why market analysis requires information about consumers with needs, ability to buy, willingness to pay and authority to pay, changing structure of consumer markets, such as how many consumers will there be? e.g. birthrate, national increase, fertility rate, total fertility rate, population momentum etc. information. I shall give insurance and travel both industries to explain how to apply behavioral economy theories to solve consumer behavior prediction as well as I shall indicate some methods to explain how manufacturers or service providers can attempt to solve some challenges encountering when who attempt to predict consumer behaviors. Finally, I shall indicate what the methods are the most effective to attempt to predict consumer behaviors.In part two, I shall explain what psychological method means and how to apply psychological method to predict consumer behavior. Consumer behavior is comparatively a new field of study. It led every manufacturer's attention from product to consumer and specially focused on consumer behavior. The evaluation of marketing concept from selling concept to consumer oriented marketing has resulted in buyer behavior becoming an independent discipline. The growth of consumerism and consumer legislation emphasizes the importance that is given to the consumer. Thus, consumer behavior is a study of how individuals make decision to spend their available resources ( time, money and efforts) or consumption related aspects ( what who buy? when why buy? how who buy? etc.) Hence, marketers need to obtain an depth knowledge to know to use what psychological method(s) is(are) the suitable to predict consumers buying behavior to raise customer numbers easily . Finally, this knowledge acted as a tool to the marketers to forecast the future buying behavior of customers to reduce any new products of investment risk before who decide to manufacture to sell to the market.

Download or read book Behavioral Economy Methods Predict Consumer Behaviors written by Johnny Ch LOK and published by Independently Published. This book was released on 2018-04-17 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: I shall research three questions.(1)Whether has it relationship between behavioraleconomy and consumer psychology ?(2)Can apply behavioral economy concept topredict consumer behavior?(3)How can apply behavioral economy conceptto predict consumer behavior?In part one, I shall explain what behavioral economy mean and function is, and I shall indicate some examples of behavioral economy method.In part two, I shall indicate how to apply behavioral economy methods to attempt to predict Disney visitor's behavioral choice to visit , university student behavioral choice to study, underground train MTR's passenger's behavioral choice what transportation tool to catch, airline passenger's behavioral choice which airline to buy airticket to catch airplane and environment protection product buyer's behavioral choice to buy any kind of environmental product reasons.Because economic is the science of how resources are allocated by individuals, firms and markets. So, the psychology of individual behavior should be influenced by environment economic factors. Behavioral economy is seem a mathematical tool to predict consumer behaviors, e.g. product price, purchase of insurance, corporate structure and personal decisions, like investment in education or investment in saving.These external economic environment factors, firm's internal strengths or weaknesses factors and consumer's individual psychological factors will influence how many the consumers choose to buy the firm's products or consume the firm's service provision in every year.I write this topic main aim to explain how to apply behavioral economy methods to predict consumer behavior or employee behavior. In my this book, I shall indicate UK and US some public or private entrepreneurs' model, how to apply behavioral economy methods to predict whose marketing behaviors in macro economy view point as well as organizational behavior in micro economy view point both. Different industries have different unique marketing consumption models. How to apply behavioral economy methods to predict behavior in order to know what is the main psychologyical factors to influence these sample UK, US sample entrepreneur's consumers choices to decide to consume themselves services or buy their products more attractively. I shall apply marketing behaviors in macro economy view point as well as organizational behavior in micro economy view point both to indicate these factors, such as product price, purchase of insurance, corporate structure and personal decisions, like investment in education or investment in saving. To explain why these factors will influence consumer numbers to any firms.

Download or read book Psychological and Technological Methods written by Johnny Ch Lok and published by Independently Published. This book was released on 2019-01-15 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chapter 2⦁constructive consumer choice process Chapter 2.1⦁How constructive consumer choice process measures which attribute factor(s) can influence consumer chooses to buy any product or food in psychological view. ⦁Main Problem Being Addressed The second aspect problem is judged whether constructive consumer choice is an important process to influence any consumer to choose to buy any products. If it is a real essential choice process, how product manufacturers can reduce their negative emotion is caused to choose not buy their products during this constructive process. The second aspect main problem is researched about consumer will choose to make final decision to buy the best choice of product from among brands of products . Hence, the constructive consumer choice process is a real essential choice process to any consumer generally, when individual consumer needs to compare different brands of products to choose to buy any product. How product manufacturers can predict whose choice method to decide to prefer to make final decision to buy any products in the short days or the short time in the constructive consumer process. If manufacturers can know overall consumers' choice method, manufacturers will not design the not suitable style of products to manufacture to sell and who can know what the overall consumers' negative emotion is influenced who decide not to buy their products from their design style in order to manufacture more suitable style of product design . I shall recommend how manufacturers can predict consumer emotion in the constructive consumer choice process in psychological view.My research is concerned knowledge opinion about how to predict consumer emotion whether what attribute factor(s )are the most influence to the consumer to choose to buy the manufacturer's product in whose process of choice. If manufacturer can early know whether what the most attractive attribute factor(s) are the most influence to the consumer to decide to buy whose product, so who can concentrate on manufacturing the different kinds of products to get the most influence attribute factor to attract consumers to choose to buy whose products. Hence, the manufacturer can know what reasons can cause the consumers who do not choose to buy its products during constructive consumer choice process generally , who can know how to improve its product's design method to concentrate on producing the most acceptable satisfactory level to sell to whose consumers in .Also I believe that the manufacturer can raise sale numbers if who know what bad factors to cause whose consumers choose not to buy whose products during the constructive consumer choice process. It can increase chance to change its product innovative strategy to raise confidence to judge what attributed factors are the important influence to cause consumers who either do not choose to buy or choose to buy its innovative products.

Download or read book Psychological Methods to Predict Behavioral Consumption written by Johnny Ch LOK and published by . This book was released on 2017-07-12 with total page 123 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to be given my opinions to any businessmen to learn how to apply different kinds of psychological methods to predict how to make behavioral consumption will be caused more easily. I shall introduce the different kinds of behavioral consumption of prediction methods include: the standard economic model of behavioral consumption of prediction method, online psychological advertising of prediction method, brand image attention of behavioral consumption of prediction method, store atmosphere environment influence prediction method, knowledge of the factors prediction method, constructive consumer choice processes influence prediction method, survey research prediction method ,consumer neuroscientific research prediction method etc. different psychological research of consumption methods. I shall indicate that how to predict customer behavior in marketing view point, analyzing and predicting consumer behavior can include demographics, personality, personal values and lifestyles. First, demographics is the size, structure and distribution of a population. How marketers use demographic analysis as market segment, descriptors and in trend analysis to predict customer behavior as well as how consumer analysts use demographic trends to predict changes in demand for and consumption of specific products and services. To explain how demographic analysis provides information for social policy and demographics used in analyzing policy questions related to the aggregate performance of marketing in society ( macro marketing) to predict how industrial demand is ultimately derived from consumer demand. I shall explain why analysis of demographic trends is only important for industrial and business-to-business marketing and why it can't concentrate on consumer individual consumption marketing both as well as to explain why in an individual firm, which must understand not only the customer's minds, but also the minds of the customers'and to explain how to apply demographic analysis to predict consumer behavior factors include: changing structure of markets , geographic factors, economic resources and global markets. I shall explain why market analysis requires information about consumers with needs, ability to buy, willingness to pay and authority to pay, changing structure of consumer markets, such as how many consumers will there be? e.g. birthrate, national increase, fertility rate, total fertility rate, population momentum etc. information. In my this book, the main important aim, I give examples to explain how to apply psychological view point methods to predict consumer individual behavior to let businessmen learn how to choose the reasonable or right methods to attract consumers to choose to buy whose products or consume whose services to win competitors more easily.

Download or read book Psychological Methods to Predict Behavioral Consumption written by Johnny Ch LOK and published by . This book was released on 2017-07-15 with total page 123 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to be given my opinions to any businessmen to learn how to apply different kinds of psychological methods to predict how to make behavioral consumption will be caused more easily. I shall introduce the different kinds of behavioral consumption of prediction methods include: the standard economic model of behavioral consumption of prediction method, online psychological advertising of prediction method, brand image attention of behavioral consumption of prediction method, store atmosphere environment influence prediction method, knowledge of the factors prediction method, constructive consumer choice processes influence prediction method, survey research prediction method ,consumer neuroscientific research prediction method etc. different psychological research of consumption methods. I shall indicate that how to predict customer behavior in marketing view point, analyzing and predicting consumer behavior can include demographics, personality, personal values and lifestyles. First, demographics is the size, structure and distribution of a population. How marketers use demographic analysis as market segment, descriptors and in trend analysis to predict customer behavior as well as how consumer analysts use demographic trends to predict changes in demand for and consumption of specific products and services. To explain how demographic analysis provides information for social policy and demographics used in analyzing policy questions related to the aggregate performance of marketing in society ( macro marketing) to predict how industrial demand is ultimately derived from consumer demand. I shall explain why analysis of demographic trends is only important for industrial and business-to-business marketing and why it can't concentrate on consumer individual consumption marketing both as well as to explain why in an individual firm, which must understand not only the customer's minds, but also the minds of the customers'and to explain how to apply demographic analysis to predict consumer behavior factors include: changing structure of markets , geographic factors, economic resources and global markets. I shall explain why market analysis requires information about consumers with needs, ability to buy, willingness to pay and authority to pay, changing structure of consumer markets, such as how many consumers will there be? e.g. birthrate, national increase, fertility rate, total fertility rate, population momentum etc. information. In my this book, the main important aim, I give examples to explain how to apply psychological view point methods to predict consumer individual behavior to let businessmen learn how to choose the reasonable or right methods to attract consumers to choose to buy whose products or consume whose services to win competitors more easily.

Download or read book Factors Influence Consumer Behavior written by John Lok and published by . This book was released on 2022-03-21 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Can Apply Artificial Intelligence Predicts Consumer Behavior In Business Environment written by Johnny C. H. Lok and published by Independently Published. This book was released on 2018-09-17 with total page 572 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prepare This book has these two research questions need to be answered? (1) Can apply (AI) learning machine predict consumer behaviors? (2) Can (AI) learning machine replace human marketing research method, e.g. survey or human psychological and micro and macro economic methods to predict consumer behaviors more accurate? Nowadays, many businessmen or marketing research professional hope to apply different methods to predict consumer behaviors in order to know what will be future market activities and market changes to help them to choose to implement what kinds of marketing strategies more accurately. The methods include economic environmental change prediction method, consumer individual psychological change prediction method, micro or macro behavioral economic environmental change prediction method, marketing environmental change prediction method etc. different kinds of methods which can be applied to predict how consumer behavioral changes to influence whose behavioral consumption to the manufacturer products sale within one to two years short term or three to five years middle term, even above five years long term business plans. Hence, if the product manufacturers can apply the most suitable consumer behavioral prediction method to predict how consumers' choice will be changed to influence their products sale easily. It will have more beneficial intangible and tangible advantages to achieve the their product easier sale aim to ensure their businesses' future market share to be increased more easier to their countries' choice target sale markets. Otherwise, if they applied the inaccurate consumer behavioral prediction methods to predict how their consumers' behavioral changes wrongly. Then, it will influence their market shares to be same level, even it will decrease their market shares, when their consumer behavioral prediction inaccurately. In my this book first part, I concentrate on indicate whether any artificial intelligence (AI) tools will be one kind of good consumer behavioral prediction method to be choose to apply to predict consumer behaviors. I shall indicate some examples, cases to give reasonable evidences to analyze whether (AI) tools will be one kind suitable tool to be applied to predict when and how consumer behavioral changes. If (AI) can be one kind tool to attempt to be applied to predict when and how consumer behavioral changes. Will it replace other kinds of methods to predict consumer behaviors? Does it have weaknesses to be applied to predict consumer behaviors, instead of strengths? Can it be applied to predict consumer behaviors depending on any situations of only some situation? Finally, I believe that any readers can find answers to answer above these questions in this book. In my this book second part, I shall explain why and how human can possible apply (AI) tool to predict consumer individual emotion. I shall indicate case studies to explain how consumer individual better or worse emotion how to influence whose consumption behavior in different situation. Finally, I shall indicate evidences to conclude how and why (AI) tool that can be used to predict consumer individual emotion and it will have direct relationship to influence consumption behavior, as well as how (AI) tool can assist businessmen to judge whether what reasons case the customer does not choose to buy its product, it is possible because the product high price factor, poor product quality or poor staff service performance or attitude etc. different factors to influence the consumer decides to choose to buy the other product consequently, when the (AI) tool can confirm consumer has good or bad emotion to judge what factors are the causes his decision making at the moment.

Download or read book Why Needs to Predict Consumer Behavior written by Johnny Ch Lok and published by Independently Published. This book was released on 2018-10-17 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: I also suggest a two stage procedure to detect whether the act of measurement alters the strength of the relationship between a latent construct that is measured through surveys, experiments or observations and its consequence ( e.g. intentions-behavior, attitudes-intentions, attitudes-behavior, satisfaction behavior) and to determine the time relationship in the absence of the difference between non-survey and survey consumers behavior measurement for Disney. For example, prediction of Disney visitor's entertainment facilities choice behavior intention to find why the kind of entertainment facilities can attract more visitors choose to play in Disney theme park. Disney survey method can measure to any machine entertainment facilities. So, Disney can show the strength of the relationship between latent intentions and visitor entertainment facilities choice behavior is stronger for surveyed consumers than for similar non surveyed consumers in order to find the reasons why more visitors choose to play which kind of entertainment facilities.I also suggest the Disney survey questions can concern to compare with other inputs factors of entertainment facilities choice decisions. e.g. personal entertainment tastes, mood, other similar entertainment theme parks' competitive environment. In order to make subsequent visiting Disney behavior is more than one time with prior intentions for every Disney old visitors. For example, Feldman and Lynch's ( 1988) survey method predictions, Fitzsimons and Morwitz ( 1996) found that measurement of general intentions to purchase automobiles increase the likelihood that buyers will repurchase the automobile brand that they also previously consume and that first time buyers will purchase brands will large market shares. Under the assumption, if the survey's result showed the automobiles brand-specific purchase intentions. Thus, Fitzsimons and Morwitz's results suggest that the measurement of general intentions increases the association between latent, brand-specific intent and brand choice. So, brand is a factor which can influence consumers to choose to buy which automobiles. In conclusion, it seems Disney can attempt to use survey method to investigate visitor entertainment facilities choice behavior to predict what factor is the most influential to attract every Disney visitor to choose to play the entertainment as well as what factor is the most influential to every Disney ( re-visitor ) old visitor to choose to visit Disney theme park again.

Download or read book The Difference Between Artificial Intelligence and Psychological Method Predicts Consumer Behavior written by Johnny Ch Lok and published by Independently Published. This book was released on 2018-09-08 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book has these two research questions need to be answered? (1) Can apply (AI) learning machine predict consumer behaviors? (2) Can (AI) learning machine replace human marketing research method, e.g. survey or human psychological and micro and macro economic methods to predict consumer behaviors more accurate? Nowadays, many businessmen or marketing research professional hope to apply different methods to predict consumer behaviors in order to know what will be future market activities and market changes to help them to choose to implement what kinds of marketing strategies more accurately. The methods include economic environmental change prediction method, consumer individual psychological change prediction method, micro or macro behavioral economic environmental change prediction method, marketing environmental change prediction method etc. different kinds of methods which can be applied to predict how consumer behavioral changes to influence whose behavioral consumption to the manufacturer products sale within one to two years short term or three to five years middle term, even above five years long term business plans. Hence, if the product manufacturers can apply the most suitable consumer behavioral prediction method to predict how consumers' choice will be changed to influence their products sale easily. It will have more beneficial intangible and tangible advantages to achieve the their product easier sale aim to ensure their businesses' future market share to be increased more easier to their countries' choice target sale markets. Otherwise, if they applied the inaccurate consumer behavioral prediction methods to predict how their consumers' behavioral changes wrongly. Then, it will influence their market shares to be same level, even it will decrease their market shares, when their consumer behavioral prediction inaccurately. In my this book first part, I concentrate on indicate whether any artificial intelligence (AI) tools will be one kind of good consumer behavioral prediction method to be choose to apply to predict consumer behaviors. I shall indicate some examples, cases to give reasonable evidences to analyze whether (AI) tools will be one kind suitable tool to be applied to predict when and how consumer behavioral changes. If (AI) can be one kind tool to attempt to be applied to predict when and how consumer behavioral changes. Will it replace other kinds of methods to predict consumer behaviors? Does it have weaknesses to be applied to predict consumer behaviors, instead of strengths? Can it be applied to predict consumer behaviors depending on any situations of only some situation? Finally, I believe that any readers can find answers to answer above these questions in this book. In my this book second part, I shall explain why and how human can possible apply (AI) tool to predict consumer individual emotion. I shall indicate case studies to explain how consumer individual better or worse emotion how to influence whose consumption behavior in different suitations. Finally, I shall indicate evidences to conclude how and why (AI) tool that can be used to predict consumer individual emotion and it will have direct relationship to influence consumption behavior, as well as how (AI) tool can assist businessmen to judge whether what reasons case the customer does not choose to buy its product, it is possible because the product high price factor, poor product quality or poor staff service performance or attitude etc. different factors to influence the consumer decides to choose to buy the other product consequently, when the (AI) tool can confirm consumer has good or bad emotion to judge what factors are the causes his decision making at the moment.

Download or read book How Behavioral Economy Influences written by Johnny Ch LOK and published by . This book was released on 2017-06-29 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to be given my opinions to any businessmen to learn how to apply behavioral economy thoery to predict why the consumer chooses to do whose consumption behavior in psychological view point. I shall introduce the different kinds of behavioral consumption of prediction methods include: the standard economic model of behavioral consumption of prediction method, online psychological advertising of prediction method, brand image attention of behavioral consumption of prediction method, store atmosphere environment influence prediction method, knowledge of the factors prediction method, constructive consumer choice processes influence prediction method, survey research prediction method ,consumer neuroscientific research prediction method etc. different psychological research of consumption methods. I shall indicate that how to predict customer behavior in marketing view point, analyzing and predicting consumer behavior can include demographics, personality, personal values and lifestyles. First, demographics is the size, structure and distribution of a population. How marketers use demographic analysis as market segment, descriptors and in trend analysis to predict customer behavior as well as how consumer analysts use demographic trends to predict changes in demand for and consumption of specific products and services. To explain how demographic analysis provides information for social policy and demographics used in analyzing policy questions related to the aggregate performance of marketing in society ( macro marketing) to predict how industrial demand is ultimately derived from consumer demand. I shall explain why analysis of demographic trends is only important for industrial and business-to-business marketing and why it can't concentrate on consumer individual consumption marketing both as well as to explain why in an individual firm, which must understand not only the customer's minds, but also the minds of the customers'and to explain how to apply demographic analysis to predict consumer behavior factors include: changing structure of markets , geographic factors, economic resources and global markets. I shall explain why market analysis requires information about consumers with needs, ability to buy, willingness to pay and authority to pay, changing structure of consumer markets, such as how many consumers will there be? e.g. birthrate, national increase, fertility rate, total fertility rate, population momentum etc. information. In my this book, the main important aim, I give examples to explain how to apply psychological view point methods to predict consumer individual behavior to let businessmen learn how to choose the reasonable or right methods to attract consumers to choose to buy whose products or consume whose services to win competitors more easily.

Download or read book Factors How Influence Consumer Behavior written by John Lok and published by . This book was released on 2022-10-11 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Can apply behavioral economic method to raise productivity, service performance in organizations and predict consumer individual emotion in consumption market. I write this book aims to explain whether behavioral economy methods can be attempted to solve how to raise productivities challenge in organizational situations as well as how to predict consumption behaviors challenges. I shall explain how to apply behavioral economic method to build consumer confidence is as a predictor of consumption spending. I shall also explain what confidence in consumption survey means and I shall apply behavioral economy method to explain how and why to apply survey to gather data in consumption market. It can measure how much degree of confidence of overall clients to the brand of product or service as well as how to build consumer confidence to buy the brand of product or consume the brand of service as well as I shall also explain what a confidence indicator means and how to apply confidence indicator to predict how many potential consumers will choose to buy the brand of product or consume the brand of service.

Download or read book Difference Between Behavioral Economy and Psychological Methods Predict Consumer Behavior written by Johnny LOK and published by . This book was released on 2017-09-08 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt: How to explain consumer behavior? Consumer behavior is said to be an applied discipline as some decisions are significantly affected by their behavior or expected action. The two significantly perspective that are micro and societal perspectives. The micro perspectives involve understanding consumer for the purpose of helping a firm or organization to achieve its objectives. Whereas, the societal or macro perspective applies knowledge of consumers to aggregate-level faced by mass or society as a whole. The behavior of consumer has significant influence on the quality of the standard of living. Consumers can divide either organization buyer or individual buyer. First, organizational buyers are more geographically concentrated than consumer markets, who are fewer in number , but who are bulk buyers compared to individual buyers, whose markets are either vertical or horizontal. ( vertical structures who cater only one or two industries, whereas, in horizontal structure , the buyer base is too broad. Organizational demand is derived from consumer demand. The nature of demand is influential and inelastic. Organizational buying lot of formalities have proposals , quotations, procedures are to be followed unlike consumer buying, e.g. decision process is much complex with high financial risk, technical aspects, multiple influencing factors etc. Also, it requires more extensive negotiation over larger time period than consumer buyer. Second, in psychological view point, individual consumer whose personal and/or product and/or situational factors can influence consumer decision making? self-concept, needs, and values are the three psychological factors that influence individual consumer how who chooses to buy one product or consume one service. For example, the more number of consumers share a certain self image, certain value and needs. They tend to use products and services the reflect whose life style. They get highly involved in purchasing products like designer wear, imported cars, health care products etc. On the product factor aspect, e.g. the consumer involvement grows as the level of perceived risk in the purchase of a product on or service increase. It is likely that consumers will feel more involved in the purchase of their house than in the purchase of tooth paste. It is a much riskier purchase. Beside, product differentiation can also affect consumer have to choose from increases. This may be due to the fact that consumers feel variety which means greater risk. On the situational factor aspect, the product is brought or used can generate emotional involvement. For example, buying a pair of socks for yourself is far less involved than buying a gift for a close friend. Social pressure can significantly increase involvement. One is likely to be more self conscious about the products and brand one looks at when shopping with friends than when shopping alone. So, individual consumer shopping decision will be influenced by whos friends, when whose friends give ideas to influence whose buying choice decision easily.

Download or read book Factors Influence Future US Consumer Behavior written by John Lok and published by . This book was released on 2022-03-14 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book concerns how to apply behavioral economy and psychological methods to predict future America consumption market trend. I shall focus on only America future consumption market trend about five to ten years consumer behavioral psychological prediction as well as I shall give evidences to explain whether what factors cause the residents' consumption behavioral differences between big cities and small cities. In America consumption market, I shall indicate some popular American consumption market of some consumer products and foods as well as manufacturers' production of material consumption products to explain why and how the factors cause big and small cities' residents' consumption behavioral differences. The most important writing aim in my this books, I shall explain some evidences to support the cause and effect relationship is between U.S. people's consumption psychological attitude ( cause ) and consumption behavior ( effect) to let my readers have more clear understanding how and why future these U.S. big and small cities consumption market will be influenced by these factors. All gathering data are based on U.S. past consumption market data to be used to predict how future U.S. these consumption markets change to achieve more accurate prediction.

Download or read book Behavioral Economic Method Predicts Consumer Behavior And Relationship written by Johnny Ch Lok and published by Independently Published. This book was released on 2019-11-10 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: ditional economy can be predominted by psychology, but it can also include elements of philosophy, sociology nd even mathematics or econometrics. When any product manufacturers or sellers or service providers expect to predict consumer market how will change to influence consumer individual consumption effort. Analysis is necessary, it is made possible a better understanding of the human brain and of the fundmentals on which it builds decision-making. However, they also need to make any hypotheses of consumption environment to attempt to find what factors will influence future individual customer behavioral changes to make decision making whether how any why he/she chooses to buy the product or consume the service. So, the research methodology was concentrate on quality method more than quantity method when any product manufacturer or service provider expects to predict future consumer behavioral how and why changes more easily. The research processing includes data collected from the global business similar product seller market. The data can concern: How and why the environmental factors had influenced many consumers make emotional reponses of individuals in economical decision making to choose the purchase any similar brand product consumers' shopping experiences will help the present product manufacturers to predict whether how and why what factors will influence the similar product consumers to choose to buy its products in future consumption environment more easily.

Download or read book Consumption Economic Man Behavior Prediction written by Johnny Ch LOK and published by . This book was released on 2017-07-05 with total page 123 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to be given my opinions to any businessmen to learn how to apply different kinds of psychological methods to predict how to make behavioral consumption will be caused more easily. I shall introduce the different kinds of behavioral consumption of prediction methods include: the standard economic model of behavioral consumption of prediction method, online psychological advertising of prediction method, brand image attention of behavioral consumption of prediction method, store atmosphere environment influence prediction method, knowledge of the factors prediction method, constructive consumer choice processes influence prediction method, survey research prediction method ,consumer neuroscientific research prediction method etc. different psychological research of consumption methods. I shall indicate that how to predict customer behavior in marketing view point, analyzing and predicting consumer behavior can include demographics, personality, personal values and lifestyles. First, demographics is the size, structure and distribution of a population. How marketers use demographic analysis as market segment, descriptors and in trend analysis to predict customer behavior as well as how consumer analysts use demographic trends to predict changes in demand for and consumption of specific products and services. To explain how demographic analysis provides information for social policy and demographics used in analyzing policy questions related to the aggregate performance of marketing in society ( macro marketing) to predict how industrial demand is ultimately derived from consumer demand. I shall explain why analysis of demographic trends is only important for industrial and business-to-business marketing and why it can't concentrate on consumer individual consumption marketing both as well as to explain why in an individual firm, which must understand not only the customer's minds, but also the minds of the customers'and to explain how to apply demographic analysis to predict consumer behavior factors include: changing structure of markets , geographic factors, economic resources and global markets. I shall explain why market analysis requires information about consumers with needs, ability to buy, willingness to pay and authority to pay, changing structure of consumer markets, such as how many consumers will there be? e.g. birthrate, national increase, fertility rate, total fertility rate, population momentum etc. information. In my this book, the main important aim, I give examples to explain how to apply psychological view point methods to predict consumer individual behavior to let businessmen learn how to choose the reasonable or right methods to attract consumers to choose to buy whose products or consume whose services to win competitors more easily.