Understanding Retail Consumer Behavior

Understanding retail consumer deals with understanding their buying behavior in retail ______.

A consumer is a user of a product or a service whereas customer is a buyer of the product or ______.

Retail consumers are individuals who purchase goods or services for their personal use or ______.

The customer decides what to buy and executes the deal of purchasing by paying and availing the product or ______.

Retailers typically cater to the needs and preferences of retail consumers by offering a diverse range of products, personalized customer service, and convenient shopping ______.

Corporate customers, also known as business-to-business (B2B) customers, are organizations or businesses that purchase goods or services from retailers for their ______ needs

Impulse buyers are customers who make unplanned purchases on the spur of the moment, often influenced by factors such as product displays, promotions, or ______

Budget-conscious customers are focused on getting the best value for their money and are often ______-sensitive

Loyal customers are repeat buyers who consistently choose to patronize a specific retailer over ______

High-value customers are individuals or businesses that generate significant revenue or profit for the retailer through their ______