Understanding Retail Consumer Behavior
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Questions and Answers

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

stores

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

service

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

consumption

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

<p>service</p> Signup and view all the answers

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

<p>experiences</p> Signup and view all the answers

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

<p>operational</p> Signup and view all the answers

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

<p>emotions</p> Signup and view all the answers

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

<p>price</p> Signup and view all the answers

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

<p>others</p> Signup and view all the answers

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

<p>purchases</p> Signup and view all the answers

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