Consumer Psychology.

Essay by LordCyKillUniversity, Bachelor's October 2005

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Recall the last time you purchased a cold drink in the Super Store. You located the cold drinks' refrigerator, examined the various drinks, selected a certain one, and paid for it at the cashier's counter on your way out. All this seems to be a normal and everyday sort of event. However, upon closer examination, there are host of questions that are raised by this everyday behavior. What made you purchase this drink in particular? How did you first become aware of the chosen brand: through commercial advertisements on television, through your friends, or at the point of decision in the Super Store? How did you develop a positive evaluation of this brand: was it the price or something else? Has this brand been recommended in the media by one of your favorite celebrities? Does this brand have something unique which makes it stand out from the others competitors in the market?

The answers to above questions bring attention to the topic of consumer behavior and the associated field called consumer psychology. Consumer psychology is the study of peoples' reaction to, and interactions with products and information related to those products. It is concerned with the mental processes that determine consumer motivation and behavior related to the act of buying a product. The psychology of consumer behavior uses psychological methods, and scientific tests to understand, analyze, measure, and predict consumer behavior. Processes that might be studied by consumer psychologists include a consumer's perception, memory, emotion, and motivation in relation to a sellable product. Simply, it is the scientific study of the behavior of consumers, which can be described as an individual who uses the products, goods, or services of some company.

The study of consumer behavior and related applying techniques can benefit in understanding human mind and...