Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

The consumer, caught between economic theory and marketing

The consumer, caught between economic theory and marketing Marketing approach considers that every economic activity has to be directed towards satisfying the consumers’ needs and wants, as efficiently as possible. This is sometimes difficult to achieve either because customers may not exactly be aware of their real needs and motivations or because they change their purchase decision at the last minute. Classical economic theory offers the idea that the consumer is a totally rational human being, a kind of “homo economicus,” and that his only concern on the market is to act as a robot that maximizes his utility and personal satisfaction by taking the “most rational” decision possible when choosing among the various goods and services available. However, such an approach is contradicted by the marketing theory which tries to get closer to the true nature of human beings. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Romanian Journal of Artistic Creativity Addleton Academic Publishers

The consumer, caught between economic theory and marketing

Romanian Journal of Artistic Creativity , Volume 4 (2): 4 – Jan 1, 2016

Loading next page...
 
/lp/addleton-academic-publishers/the-consumer-caught-between-economic-theory-and-marketing-K77i480Q20

References

References for this paper are not available at this time. We will be adding them shortly, thank you for your patience.

Publisher
Addleton Academic Publishers
Copyright
© 2009 Addleton Academic Publishers
ISSN
2327-5707
eISSN
2473-6562
Publisher site
See Article on Publisher Site

Abstract

Marketing approach considers that every economic activity has to be directed towards satisfying the consumers’ needs and wants, as efficiently as possible. This is sometimes difficult to achieve either because customers may not exactly be aware of their real needs and motivations or because they change their purchase decision at the last minute. Classical economic theory offers the idea that the consumer is a totally rational human being, a kind of “homo economicus,” and that his only concern on the market is to act as a robot that maximizes his utility and personal satisfaction by taking the “most rational” decision possible when choosing among the various goods and services available. However, such an approach is contradicted by the marketing theory which tries to get closer to the true nature of human beings.

Journal

Romanian Journal of Artistic CreativityAddleton Academic Publishers

Published: Jan 1, 2016

There are no references for this article.