The impact of age on the customers buying behaviour and attitude to price

Understanding consumer buying behaviour is a crucial element of any business activities. In a marketing-oriented economy, consumer buying behaviour represents a very significant factor in business success. Therefore, there are many studies, researches and papers focusing on this phenomenon. Many dif...

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Bibliographic Details
Published in:Littera Scripta
Main Author: Marie Slabá
Format: Article
Language:English
Published: Institute of Technology and Business, České Budějovice 2020-01-01
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Online Access:http://www.littera-scripta.com/the-impact-of-age-on-the-customers-buying-behaviour-and-attitude-to-price/
Description
Summary:Understanding consumer buying behaviour is a crucial element of any business activities. In a marketing-oriented economy, consumer buying behaviour represents a very significant factor in business success. Therefore, there are many studies, researches and papers focusing on this phenomenon. Many different factors and characteristics have a positive or negative impact on consumer buying behaviour. Studying and understanding these factors contributes to a better understanding of consumer behaviour. Personal and socio-demographic characteristics like age, lifestyle, occupation, and many other significantly influence consumer buying behaviour. This article focus especially on age as a significant factor influencing consumer buying behaviour and customer attitude to price. For the statistical analysis of the impact of the age on consumer behaviour, one-way ANOVA will be used. Stated hypotheses on attitude to branded and non-branded goods will be analysed by chi-squared test.
ISSN:1805-9112