Neuromarketing helps many companies and academics to understand how the neurons in our brains behave in such a way that stimulates and influences our desire to consume products from a particular brand. The purpose of my research was to find out what influences my buying decisions referencing the book Buy-ology by Martin Lindstrom, which talks a about a Neuromarketing study that used 2,000 volunteers from […]

What do you think of the view that obsession with money and the new consumer culture of the 1920s dominates human thinking and behavior in ‘The Great Gatsby’? One of the key themes in The Great Gatsby is ‘The morality and importance of Wealth’ in high end New York social circles of the 1920s. Fitzgerald himself lived during this period of significant culture change in […]

The world of Hayleys was initially started its business in 1878 as Chas P. Hayleys and company in Sri Lanka, was incorporated as Hayleys Ltd in the year 1952. Today it is known as the world of Hayelys with a globally competitive business portfolio pning over 12 different sectors of enterprise. The main business portfolio of world of Hayleys fall under seven broad categories such […]

Question 1. Explain Decision making process and various types of decision with examples? Ans: Decision making can be regarded as the mental processes (Cognitive process) resulting in the selection of a course of action among several alternative scenarios. Every decision making process produces a final choice. The output can be an action or an opinion of choice. Developed by B. Aubrey Fisher, there are four […]

Data collection relating to personal information and purchase behaviours – a consumer perspective. Every individual to a certain percentage values their privacy. Differentiating factors amongst various individuals could be their cultural background, social environment, literacy and general awareness amongst others. Advancements in technology leading to development of secret cameras for instantaneous photographs, discount cards that store your purchase information, and scanners, have also contributed to […]

An article “A ‘Real Man’s Ring’: Gender and the Invention Tradition” by Vicki Howard (2003) published in the Journal of Social History defined the role of gender stereotypes, their development and changes in forming consumer culture through describing the invention and adoption of double ring ceremony in twentieth century America. Howard tells the history of grooms’ wedding bands and double ring ceremony, explaining the bonds […]

One could argue that in order for marketing strategies to be successful, an organization needs to be well informed on consumer behavior. Organizations must first have a clear understanding of what the term consumer behavior means and how it is related to marketing. Information provided by studying or researching consumer behavior can give insight on the 4 P’s, which consist of product, price, promotion and […]

In capitalistic system, consumers have the complete freedom regarding their consumption. Consumers are at full liberty to buy whatever products and services they choose and are able to afford. It is the consumers who dictate what are to be produced and in what quantities. This is referred to as ‘sovereignty of consumers’. The consumer is the dictator in such an economy. In socialist countries, the […]

I am using two highly popular men’s magazines Zoo and Loaded in this essay to show that nowadays modern woman are being perceived in the incorrect way. It is fair to say that those magazines are popular because Zoo sells 260,000 just on a weekly basis and Loaded has an average circulation of 237,000 monthly. Combined this has a total of 497,000 consumers who are […]

The world is at an inflection point where the way businesses interact with consumers, understand their user behavior, and create customer stickiness are seeing a 360° change. Among these businesses, the ones growing by leaps and bounds are in fintech space proving detrimental to traditional banking system. Clearly, next five years will be very exciting for digital businesses. Learning from Consumers There is the incipient trend of the learning economy emerging from the […]