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Provide a 8 pages analysis while answering the following question: Why Do Retail Consumers Buy. Prepare this assignment according to the guidelines found in the APA Style Guide. An abstract is require
Provide a 8 pages analysis while answering the following question: Why Do Retail Consumers Buy. Prepare this assignment according to the guidelines found in the APA Style Guide. An abstract is required. Today, retail shopping is not only a necessity that enables retail consumers to acquire goods or services for use in everyday life, but it is also a leisure activity that combines delight, relaxation, amusement and the chance to spend ‘quality time’ with friends and relatives. In a few cases, retail shopping is an arduous, time-consuming and unpleasant activity where consumers are obliged to line up in long queues for long hours to purchase popular items {for example, during holiday shopping}.
The retail consumer’s decision to buy is a successful culmination of eight consecutive stages: ‘need’ which convinces the retail consumer to buy certain goods or services, ‘awareness’ involving advertisers of goods and services reaching out to prospective buyers using persuasive brand communication, ‘preference’ when retail consumers decide that they prefer certain brands, ‘search’ involving consumers initiating searches for retail outlets where their preferred brand is being sold, ‘selection’ involving choosing their preferred item, ‘purchase’ involving the consumer conveying final confirmation by paying for the item, ‘use’ involves the consumer making practical use of the item, and ‘satisfaction’ involving the consumer’s firm conviction that the item purchased has fully lived up to expectations (Sharma).
Phil Kotler defines Atmospherics as “the effort to design buying environments to produce specific emotional effects in the buyer that enhance his or her purchase probability.” .The shopping environment is thus transformed from a relatively neutral place to one that urges consumers to behave in such a way as to be beneficial to the store but financially detrimental to the consumer.
