PhysicalThing: consumer behavior

Lexeme:	consumer behavior Very Rare (0.01)
Definition:	noun. Consumer behavior refers to the study and analysis of how individuals, groups, or organizations make decisions to purchase, use, or dispose of products, services, ideas, or experiences. It involves understanding the factors that influence these decisions, including psychological, social, and cultural factors, as well as the individual's own needs, wants, and preferences. Consumer behavior is important for businesses as it helps them understand and anticipate the needs and desires of their target market, allowing them to design and market products and services more effectively. GPT3.5 Word Forms: noun. consumer behavior (singular), consumer behaviors (plural)
Synonyms:	(none)
Abstraction:	(hypernym) behavior (hypernym) event (hypernym) physical thing
Composition:	(none)
Properties:	(none)
Basic Categories:	behavioral information consumer behavior information identifiable information information personal information unique information
Related Concepts:	(none)
Policy Examples:	Advertising.com anonymously observes consumer behavior (including site visits and search queries) across thousands of websites in this network, and then organizes users into groups based on interests. #aol
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