Effects of the New Coronavirus Pandemic in Romania: Changes in Buying and Consumer Behavior
Marketing theory and practice demonstrate that the success of a business is conditioned by the correct identification and even anticipation of consumer needs and motivations, as basic elements of buying and consumer behavior. Understanding consumer behavior is an ongoing concern, but it is never sim...
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| Format: | Article |
| Language: | English |
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Ovidius University Press
2020-01-01
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| Series: | Ovidius University Annals: Economic Sciences Series |
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| Online Access: | http://stec.univ-ovidius.ro/html/anale/RO/2020/Section%204/19.pdf |
| Summary: | Marketing theory and practice demonstrate that the success of a business is conditioned by the correct identification and even anticipation of consumer needs and motivations, as basic elements of buying and consumer behavior. Understanding consumer behavior is an ongoing concern, but it is never simple or easy to achieve. Practice shows that companies can face, at certain times, changes in consumer buying behavior, without them having any intervention. These changes can represent opportunities or real threats to their work. This paper contains a theoretical component, which emphasizes the importance of knowing consumer behavior in order to ensure the success of any activity, and a practical component. The case study presented is a recent example of changing consumer behavior, generated by the new Coronavirus pandemic, and the effect materialized in increasing sales, without any marketing effort from the analyzed company. |
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| ISSN: | 2393-3127 2393-3127 |