Consumer behavior process: a theoretical analysis

Main Article Content

Andrés Palacio-Fierro

Abstract

Consumers are usually the decision-makers to accept or not what businesses offer. In this way, the survival of a company could depend on them. If companies develop marketing strategies without considering the consumer, they risk all their investment. Therefore, the objective of this article is to analyze the elements of the consumer behavior process. The theoretical review was the methodology used. The development section of this article includes external influences (marketing and sociocultural factors), psychological factors, recognition of a need, pre-purchase search, evaluation of alternatives, post-decision behavior, and post-purchase evaluation. The main conclusion extracted from this research is the need for companies to know consumer behavior needs, to achieve this goal, it is necessary to approximate from different points of view and areas of study, such as economic, psychological, sociological, and anthropological.


 

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How to Cite
Palacio-Fierro, A. (2020). Consumer behavior process: a theoretical analysis. 593 Digital Publisher CEIT | ISSN 2588-0705, 5(6), 105-116. https://doi.org/10.33386/593dp.2020.6.360
Section
Administration
Author Biography

Andrés Palacio-Fierro, Universidad Tecnológica Indoamérica - Ecuador / Universidad José Camilo Cela - España

https://www.593dp.com/photos/26/andres.jpg

Author of 3 books and 15 articles indexed in Scopus, WOS and Latindex. Expert in Marketing, Projects and Business Administration. PhD candidate at the Camilo José Cela University-Spain; Master in Science in Project Management at the University of Salford-England. MBA in Business Management and Marketing at ESIC-Spain. Currently, full professor at the Faculty of Administrative Sciences of Universidad Tecnológica Indoamérica

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