SOCIO-PSYCHOLOGY AND CONSUMER BEHAVIOUR
Social psychology is the study of the impact that is created by the presence of the people around and their behaviour towards an individual or a group of people. A very common example about this is the body language that a student would possess when with friends and when alone at home. The difference in both is the impact that is created due to the presence of his friends. When we think about this from a business point of view, we can easily make out how important it becomes to study the social psychology of people in order to convince the consumers to buy our product. Whether any product will be bought by the customer or not depends on a lot of factors. It can be bought by the consumer because he/she needs it, or it can be a new or a trending product. But the customer ending up buying that product can be a result of a lot more factors than just these. This is where good marketing strategies come into play. Usually the common impression and beliefs of a specific brand have a hug...