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CONSUMER BEHAVIOR (05 MBA STUDY MATERIAL

1 CMR Institute Of Technology #132, AECS Layout, IT Park Road, BANGALORE -560 037. CONSUMER BEHAVIOR (05 MBAMM313) STUDY MATERIAL MBA II Year Semester III COURSE FACILITATOR MR. BHOLANATH DUTTA 2 MODULE- I INTRODUCTION TO THE CB: Definition: CB behaviour refers to the actions and decision processes of people who purchase goods and services for personal consumption. - James F Engel, Roger D Blackwell and Paul Miniard. The mental and emotional processes and the physical activities of people who purchase and use goods and services to satisfy particular needs and wants - Bearden et al. The behaviour that consumers display in searching for, purchasing, using, evaluating and disposing of, if products and services that they expect will satisfy their needs.

Quantitative research designs: Three Basic RD used here are • Observational Research: OR is an important method of consumer research because marketers recognize that the best way to gain an in-depth understanding of the relationship between people & product is by watching them in the process of buying and using products.

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