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Consumer Behaviour Models: Insights and Implications for Public Policy Debate

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Abstract

With an upsurge in behavioural studies in recent time, consumer behaviour has become an emerging topic of great importance for academic, research and practitioners. The general expectation is that consumer behaviour models should offer some respite to the seeming unpredictable behaviours of consumers, but unfortunately, there has not been adequate emphasis, especially survey evidence in recent time to either support or negate the validity of these models. Thus, we believe that consumer behaviour models developed forty to fifty years ago may lose some of its potency in present day marketing practice because of market dynamics. Hence, we call for more empirical research towards the development of comprehensive, integrative, dynamic and sustainable models that are not only useful but in tan-dem with present day realities.


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