Consumer Behaviour Analysis and Recommendations for Appliances Online
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Added on  2023/06/14
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This report analyzes the findings of Khan and Kupor's article on consumer behavior and applies them to Appliances Online, an e-commerce company in Australia. The report provides recommendations for the company to improve its after-sales services, energy efficiency ratings, and website user experience.
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Running head:CONSUMER BEHAVIOUR CONSUMER BEHAVIOUR Name of the Student Name of the University Author Note
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1CONSUMER BEHAVIOUR EXECUTIVE SUMMARY The following report deals with the analysis of the finding that have been presented in a given article and aims to apply the same in an organisation that exists in the real world. The report aims to evaluate the various findings that have been put forth in the given article. The report further proceeds to implement the findings in the context of a real-world organisation. The report further advances towards the conclusion with the recommendations that might prove to be helpful in the context of the given organisation.
2CONSUMER BEHAVIOUR Table of Contents Introduction..........................................................................................................................3 Findings...........................................................................................................................3 Recommendations............................................................................................................4 Conclusion...........................................................................................................................6 References............................................................................................................................7
3CONSUMER BEHAVIOUR Introduction Consumer behaviour generally refers to the study of the various groups, individuals and the organisations as well as the other matters that pertain to the purchase and the use of the concerned products and services. The consumer behaviour also takes into account the responses of the concerned consumer of the given product or service that has been manufactured by the concerned company. The following report deals with the analysis of the finding that have been presented in a given article and aims to apply the same in an organisation that exists in the real world. The report aims to evaluate the various findings that have been put forth in the given article. The report further proceeds to implement the findings in the context ofAppliances Online one of the leading e-commerce companies of Australia. The report further advances towards the conclusion with the recommendations that might prove to be helpful in the context of the given organisation. Findings Khan and Kupor (2016) in their article state that the addition of risk prospects that have similar valency to the already existent risky option leads to the decrease in the value of the concerned risky option that has been existent in the matters that pertain to the concerned products and the services that are offered by the concerned organisation. The paper states that the normative value of the danger is perceived to be on the decline by the concerned consumer of the product due to the fact that there is existent within the scope of the product other factors that deal with lesser degrees of danger. This might arise from the condition that state that the consumers perceive the highly dangerous matters that might be associated with the product or service are less likely to occur than the matters that pertain to the lower amounts of the risks that are associated with the concerned product or the service that is marketed by the concern. The article
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4CONSUMER BEHAVIOUR in discussion by Khan and Kupor (2016) majorly discusses the various drugs and other matters that deal with the various side-effects of the drugs that might be faced by the concerned consumer. The article further states that the inclusion of the smaller amounts of risks within the concerned product helps in the reduction of the overall value of the considered risk by the concerned consumer. The authors further state that the concerned consumers of the product or service might consider the risks that are posed by the concerned drug on an average of the various risks that are posed in case there is an inclusion of the matters that deal with the lower risks that are associated with the same product. The concerned clients are observed to have been considering the occurrence of the higher risks to be a rare phenomenon as compared to the various number of the lower magnitude risks that are associated with the concerned drug that has been inn question. The research that had been conducted for the composition of the article might also result from the fact that the consumers have already assumed of a probability of the likelihood of experiencing the matters that pertain to the high-risk zone as compared to the conditions that deal with the experience of the low risk matters that are associated with the same product. The study also reveals the fact that the consumers of the concerned product might show the typical behaviour during the purchase of the similar products. The consumers might tend to buy the products that provide them with the service that they might be requiring over those that provide them with the other additional services along with the one that they might require. The authors of the article do conclude the fact that the inclusion of even a small prospect that might not affect the salient features of the greater prospect might also lead to the conditions wherein the value of the available option might face an increment due to the increase in the number of the possible prospects within the scope of the product.
5CONSUMER BEHAVIOUR Recommendations The findings of the concerned research were applied to one of the leading e-commerce companies of Australia, the Appliances Online. The concerned company was founded in the year 2005 and one of the first retail companies in the country to have been dealing with the sale of the products on an online platform. The application of the findings of the concerned research led to the matters that the consumers of the company deal with the matters that pertain to the involvement of the varying degree of the risks that are involved in the matters of the products that are marketed by the online retailer that has been active within the country. The online retail company is known to be a part of the very old business organisation, Winning Appliances. The parent company has been functioning in the concerned market for the past 108 years. The consumers of the concerned company might face the risks that pertain to the successful installationand functioning of the products that they might procure from the concerned company. The clients of the company are known to evaluate the risks that are involved in the purchase and the marketing of the various appliances that are marketed by the company. The company might be advised to enhance the various matters that deal with the after services of the products that are marketed by the concerned online retail store. The various appliances that the company had been providing to the concerned consumers are freezers, television sets, the heating and the cooling appliances. The concerned company might deal with the matters that pertain to the efficiency of the concerned appliance in matters that deal with the energy that is consumed by the concerned appliance. The concerned company is advised to look into the matters that deal with the various appliances that deal with the energy efficiency ratings of the various appliances that are marketed by the concerned company. The companies might also be advised to look into the matters that deal with the application of the positive word of mouth of the concerned
6CONSUMER BEHAVIOUR companies. The company must also look into the matters that deal with the reviews of the various products that are marketed by the concerned company. The company might further be advised to look into the fact that the concerned e-commerce site is consumer friendly in nature and displays features that are easy to understand on the part of the concerned potential as well as existent buyers of the company. The company might be advised to put in the efforts in the matters that deal with the betterment of the site experience of the potential as well as the existent consumers of the company. The company might also be advised to bring about the betterments of the various matters that deal with the aftersales services of the products that the consumers might be availing from the concerned website of the e-commerce retailer in discussion, Appliances Online. Conclusion In lieu of the above discussion it might be pointed out that the consumer behaviour is highly proportionalto the matters that pertain to the risks that are involved in the marketing of the concerned products and services that are marketed by the concerned company. The above discussion majorly relates to the matters that the consumer might find to be affecting the risk potential of the concerned product or service that are marketed by the concerned company. The company in discussion, Appliances Online, is provided with certain recommendations that might help them to deal with the increment in the number of the consumers that they serve within the country.
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7CONSUMER BEHAVIOUR References Khan, U., & Kupor, D. M. (2016). Risk (mis) perception: when greater risk reduces risk valuation.Journal of Consumer Research,43(5), 769-786.