Contact Us

If you still have questions or prefer to get help directly from an agent, please submit a request.
We’ll get back to you as soon as possible.

Please fill out the contact form below and we will reply as soon as possible.

  • Courses
  • Find a Job
  • Tutoring
  • Home
  • Marketing, Advertising, Sales & PR
  • Principles of Marketing

Consumption Behavior - Explained

What is Consumption Behavior?

Written by Jason Gordon

Updated at March 26th, 2023

Contact Us

If you still have questions or prefer to get help directly from an agent, please submit a request.
We’ll get back to you as soon as possible.

Please fill out the contact form below and we will reply as soon as possible.

  • Marketing, Advertising, Sales & PR
    Principles of Marketing Sales Advertising Public Relations SEO, Social Media, Direct Marketing
  • Accounting, Taxation, and Reporting
    Managerial & Financial Accounting & Reporting Business Taxation
  • Professionalism & Career Development
  • Law, Transactions, & Risk Management
    Government, Legal System, Administrative Law, & Constitutional Law Legal Disputes - Civil & Criminal Law Agency Law HR, Employment, Labor, & Discrimination Business Entities, Corporate Governance & Ownership Business Transactions, Antitrust, & Securities Law Real Estate, Personal, & Intellectual Property Commercial Law: Contract, Payments, Security Interests, & Bankruptcy Consumer Protection Insurance & Risk Management Immigration Law Environmental Protection Law Inheritance, Estates, and Trusts
  • Business Management & Operations
    Operations, Project, & Supply Chain Management Strategy, Entrepreneurship, & Innovation Business Ethics & Social Responsibility Global Business, International Law & Relations Business Communications & Negotiation Management, Leadership, & Organizational Behavior
  • Economics, Finance, & Analytics
    Economic Analysis & Monetary Policy Research, Quantitative Analysis, & Decision Science Investments, Trading, and Financial Markets Banking, Lending, and Credit Industry Business Finance, Personal Finance, and Valuation Principles
  • Courses
+ More

What is Consumption Behavior or Buying Behavior? 

Consumption behavior, also know as Buying Behavior, is how participants in the market respond or react to marketing efforts. It primarily concerns people’s buying attitudes and intentions. 

Marketers employ the following tools to identify, predict, and understand Consumption Behavior:

  • Market Research
  • Focus Groups
  • Market Sampling and Testing
Back to:ECONOMIC ANALYSIS & MONETARY POLICY

Related Topics

  • Total utility
  • Marginal Utility
  • Diminishing Marginal Utility
  • Marginal Utility per Dollar
  • Rule of Maximizing Utility
  • Consumption
  • Consumer Goods
  • Changes in Income Affect Consumer Choices
  • Changes in Price Affect Consumer Choices
  • Substitution Effect
  • Income Effect
  • Budget Constraints Create Demand Curves
  • Lifecycle Model of Consumption
  • Autonomous Consumption
  • Permanent Income Hypothesis
  • Lipstick Effect
  • Engel's Law
  • Consumerism
  • Paradox of Thrift
  • Ricardo Barro Effect
  • Consumer Confidence Index
  • The Wealth Effect
  • Behavioral Economics
consumption behavior buying behavior

Was this article helpful?

Yes
No

Related Articles

  • Brand Management - Explained
  • Importance of Product Packaging - Explained
  • Marketing Affects the Economy - Explained
  • Market Development - Explained



©2011-2023. The Business Professor, LLC.
  • Privacy

  • Questions

Definition by Author

0
0
Expand