Consumer Behaviour in Crypto Currency Investment - LSBM301
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Added on 2023/06/17
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This presentation discusses the consumer behaviour related to crypto currency investment. It covers topics such as motivation, culture, perception, and decision-making process. Recommendations are also provided to support positive decision-making. The course code for this presentation is LSBM301.
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CONSUMER BEHAVIOUR LSBM301
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Table of Content INTRODUCTION Consumer motivation, culture and perception Consumer decision making process Recommendation CONCLUSION REFERENCES
Introduction Consumerbuyingbehaviourdemonstrateastheattitudeandperceptionofthecustomerthatmotivate stakeholder to procure the respective asset. This presentation will discuss on the consumer motivation, culture and perception before taking any decision related to the crypto currency. Consumer decision making process in the support of decision making theory will also discuss in the presentation. Recommendations to support the decision making process of customer in positive manner will also be a part of discussion in this report.
Consumer motivation, culture and perception The potential financial gain is among the major motivation factor that support the customer to take on the buying decision. Capital gain is among the significant motivation factor and aspect that direct and support the individual to put out capital in order to invest in the crypto currency. Every investor always look for the potential investment option that can bring and provide the significant opportunity to the investor for gaining the financial advantage and edge to achieve the financial well being. Crypto currency is also a part of the latest trend associated with the financial market and in such a process this investment play a progressive role for the investor to take on the investment decisions. Profit making opportunity is also right three in the crypto currency that further become one of the major motivational factor and aspect which support investor in approaching the respective investment in long run.
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Consumer decision making process In the initial stage the intend is made in respect to investment in the crypto currency. This is initial process which allow the investor to et inspire for making an investment in the crypto currency. Once the inspiration is arrive for the investor the extensive research is conducted. This involve searching the available investment option in the market. This is a significant part of the investment where the stakeholder need to research about the available and potential option available in the market so that right security can pick for the investment. Research allow the investor to make a decision on the right time to buy the crypto currency. In context to investment timing is a significant factor and element which highly support the investor to take on the investment decision making.
Recommendation It has been recommended that behaviour of the consumer is positively influenced by cryptocurrency in order to there is no need for central regulation such as government and bank. Also, it gives power to the common man for maintain the transaction related to the anonymity. It protected the financial market that enhance the integrity of the UK finance system with promote competition effectively in context to interest of the consumer. This is help for measuring the work in progress for ensuring and regulating the financial services that are working well for the consumer (Positive influence of consumer behaviour,2021). It has been seen that social media platforms are one of the major source that provide information and respondents with the members of dedication communities and Facebook groups. This is the import source that can give information related to rates of cryptocurrency so that consumer can focus on it in order to sell or buying.
CONCLUSION The buying behavior of the customer involve intensive research about the market and other situation. The decision making process of the investor is highly based on the performance of crypto currency in the market.
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REFERENCES Nanayakkara, S. and et.al., 2021. A methodology for selection of a Blockchain platform to develop an enterprise system.Journal of Industrial Information Integration. 23. p.100215. Oh, J. and Shong, I., 2017. A case study on business model innovations using Blockchain: focusing on financial institutions.Asia Pacific Journal of Innovation and Entrepreneurship. Puthal, D. and et.al., 2018. Everything you wanted to know about the blockchain: Its promise, components, processes, and problems.IEEE Consumer Electronics Magazine.7(4). pp.6-14.