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Question
What is consumer psychology?
Short Answer
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Solution
Consumer psychology is the study of how people think, feel, and make decisions about buying products and services. It examines factors like needs, motivations, perceptions, attitudes, and social influences that affect purchasing behaviour. Understanding consumer psychology helps businesses design better marketing strategies, improve customer satisfaction, and increase sales.
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Chapter 8: Application of Psychology to Different Areas of Life - Questions [Page 8.80]
