ADMS 3521 Lecture Notes - Lecture 6: Transaction Cost, Variable Cost, Web Banner

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The 1st principle of marketing and sales is know thy customer . In 2016, around 265 million people of all ages had access to the internet. About 92 million households in the united states have broadband access to the internet. Worldwide, around 3. 4 billion people are online. Number of new online users increased at a rate of 30% a year or higher in the early. 2000s, over the last several years, this growth rate has slowed to about 2% a year in the. The days of extremely rapid growth in the u. s internet population are over. Consumer behavior model is a social science discipline that attempts to model and understand the behavior of humans in a market place. Sociology, psychology and economics play a role in this study. This model of consumer behavior attempt to predict or explain what consumer purchase and where, when, how much and why they buy.

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