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ARCH516 Assignment 02 Chhaya Kaurani 015
ARCH516 Assignment 02 Chhaya Kaurani 015
Architecture and Marketing Skills
Assignment 02
Submitted By :
Chhaya Kaurani
A1904016015
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Question 01 : What is the importance of consumer behavior in marketing?
Study of consumer buying behavior is most important for marketers as they can
understand the expectation of the consumers. It helps to understand what makes
a consumer buy a product. It is important to assess the kind of products liked by
consumers so that they can release it to the market.
1. Modern Marketing Philosophy:
2. Goal Achievement:
The key to the company’s survival, profitability, and growth in a highly competitive
marketing environment is its ability to identify and satisfy consumers unfulfilled
needs better and sooner than the competitors. Thus, consumer behaviour helps in
achieving marketing goals.
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Based on current market trends, the marketer can make necessary changes in the
marketing programme to adjust with the market.
The study of consumer behaviour helps the middlemen and salesmen to perform
their tasks effectively in order to meet consumer’s needs and wants successfully.
Consumer behaviour can also help in forecasting the future trends. Due to this, the
marketer can prepare its strategies well in advance in order to take advantage of the
emerging opportunities, and/or for facing challenges and threats.
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