Consumer Behavior: Analysis of Utilitarian Products Research
VerifiedAdded on 2021/06/14
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Report
AI Summary
This report analyzes consumer behavior, focusing on the purchase of utilitarian products. The research indicates that consumers with low control tend to invest more in utilitarian products compared to those with higher control. The study also highlights that consumers with lower control show more interest in the health benefits of products. The report recommends that Wesfarmers import more utilitarian products and potentially reframe hedonic products as utilitarian to cater to a wider consumer base. The research draws on multiple sources, including studies on mobile advertising, control deprivation, and environmental claims. The report aims to provide insights into consumer preferences and purchasing behaviors, offering strategic recommendations for businesses like Wesfarmers.
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