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M5.2 Discuss Influences of Consumer Behavior

M5.2 Discuss Influences of Consumer Behavior

Q Go to Claritas (Links to an external site.) and complete the zip code lookup to learn about consumers in your area. Use the information you find to address the following: What influences a consumer buying decision? Discuss several influences such as peers, family, etc. What was your profile like on Claritas? Did the profile accurately describe some of your consumer buying characteristics? How would your selected company use this information? Part II. Connect with Classmates Please meaningfully engage with at least two peers to move the conversation forward. Share insights about what they said, ask questions, share experiences, etc. Remember Actively monitor your own discussion thread and other posts throughout the module and respond as appropriate. Keep in mind that your grade is based on your thought development and adherence to the assignment requirements. In addition to expanding your knowledge, discussion activities allow you to practice professional writing that you use throughout your coursework and in your career. In order to receive maximum points, be sure to do the following: • Reference course materials to support your initial post and when replying to your classmate's posts. • Cite references for direct and paraphrased quotes within the post and at the end of the post using the latest edition of APA. • Add your analysis. Evaluation Please see the rubric attached to this page to learn more about how your posts are graded. All discussions combined are worth 20% of your final course grade.

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After completing the zip code lookup with a zip code of San Diego, CA, I found that the household income affects the consumer buying decision (https://claritas360.claritas.com/mybestsegments/#segDetail/PZP/01). This is because there can be prices of products and/or services matched with the rate of affordability per product or service by the consumer. If the average rate of household income convenient to be spent by the consumer on purchasing a product or service is exceeded by the price of the product or service, the consumer might mostly not buy the product or service. The number of individuals living in a family can also be observed to affect the consumer buying decision (https://claritas360.claritas.com/mybestsegments/#segDetail/PZP/01). This is because there