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Theory of Consumer Behaviour Video Lecture - CA Foundation
FAQs on Theory of Consumer Behaviour Video Lecture - CA Foundation
| 1. What is the Theory of Consumer Behaviour? |  |
Ans. The Theory of Consumer Behaviour explains how individuals make decisions about what goods and services to purchase based on their preferences and budget constraints.
| 2. What factors influence consumer behaviour? | |
Ans. Consumer behaviour is influenced by various factors such as income, pricing of goods and services, tastes and preferences, advertising, and the availability of substitutes.
| 3. How does consumer behaviour impact the economy? | |
Ans. Consumer behaviour plays a significant role in driving the economy as it determines the demand for goods and services, which in turn affects production, employment, and overall economic growth.
| 4. What is the law of diminishing marginal utility in consumer behaviour? | |
Ans. The law of diminishing marginal utility states that as a consumer consumes more of a good or service, the additional satisfaction or utility derived from each additional unit decreases.
| 5. How can businesses use consumer behaviour theory to improve their marketing strategies? | |
Ans. Businesses can use consumer behaviour theory to understand their target market's preferences and buying habits, allowing them to tailor their marketing strategies to effectively reach and appeal to consumers.
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Dec 28, 2024 Last updated |
Theory of Consumer Behaviour for CA Foundation2024 is part of CA Foundation preparation. The notes and questions for Theory of Consumer Behaviour
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