Impact of Discounts and Offers on Consumer Purchasing Behavior
Description
This study examines the impact of discounts and offers on consumer purchasing behavior, focusing solely on customer perspectives. Discounts and promotional offers have become vital tools for attracting buyers and increasing sales in today’s competitive retail market. However, their influence on consumer behavior is complex and requires thorough understanding. This research gathers quantitative data from structured surveys distributed among customers to understand how various promotional strategies shape their buying decisions and perceptions of value. The findings indicate that while discounts significantly encourage impulse buying and increase short-term sales, frequent or excessive promotions can lead to a decline in long-term brand loyalty. Many customers develop an expectation of continuous offers, delaying purchases until discounts are available. The study also finds that personalized and targeted discounts are more effective in building customer satisfaction compared to generic promotions. To maintain a balance between short-term gains and long-term customer loyalty, businesses are advised to implement strategic discount practices that focus on perceived value rather than mere price reductions. By adopting a customer-centric approach to discounts and offers, retailers can optimize sales performance while sustaining brand integrity and consumer trust.
Files
IJSRED-V8I2P278.PDF
Files
(112.4 kB)
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