Conceptual framework and basic assumptions of the theory of consumer – Cardinal utility

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The study of consumer behavior is done in two steps. It must first describe the preferences of individuals, that is to say how they prefer such rather than another. Then, the consumer with limited resources will search utility maximization under … Read More

Shops

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The largest commercial areas can be found in many cities, called downtown or, in Arab cities, souk. Shopping centers are collections of stores, groups of several companies. Typical examples include shopping malls, town squares, flea markets and bazaars. Stores The … Read More

Trends in retail

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Occasionally the competition between suppliers results in the favor of customers to a displacement of not competitive competitors (predatory pricing). Thus, a concentration on a few suppliers who are taking a dominant position can results in oligopoly. In extreme cases, … Read More

Adulterant

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Adulterant is a fraudulent practice by adding a product of lesser value to another product, which is then sold or given for what it is not (eg adding water to milk, or addition of a poor quality oil in olive … Read More

Consumer policy as an essential contribution to Europe 2020

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Consumer expenditure accounts for 56 % of EU GDP and is essential to meeting the Europe 2020 objective of smart, inclusive and sustainable growth. Stimulating this demand can play a major role in bringing the EU out of the crisis. … Read More

Consumer behavior

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Consumer behavior refers to the behavior of the buyer in relation to the sale of goods. The behavior during the purchase of goods, from the purchase planning and purchase transaction, completing the purchase, which always has contractual nature, to need … Read More

Consumer theory

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Consumer theory is the economic modeling of the behavior of an economic agent as a consumer of goods and services. This term generally refers the only neoclassical theory of the consumer and the ensuing work . Function of consumer demand … Read More

Shopping

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Shopping is the examination of the goods or services of the retailers with intent to purchase at that time. Shopping is an activity of selection and purchase. For many, shopping is considered a recreational activity and entertainment in a variety … Read More

Retailing

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Retail trade is the final link in the chain of distribution. It thus differs from the wholesale trade. The activity is twofold: Purchase products from a supplier, a manufacturer or importer, either directly or through a wholesaler. Resale of the … Read More

Consumer protection

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The consumer law is the law governing the relationship between consumers and professionals. The consumer law belongs to the sphere of private law. It departs sharply classic civil law Civil Code. Thus, under the influence of consumer law, freedom of … Read More

Euro

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ISO 4217 code: EUR (num. 978) Central bank: European Central Bank Official users: Eurozone (18), Outside the EU (9) Unofficial users: 3 other users Inflation: 0.8%, January 2014, Method HICP Pegged by 9 currencies Subunit: 1/100, cent Actual usage varies … Read More

Compulsive buying disorder

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Compulsive buying is an emotional disorder characterized by multiple purchases of objects, usually having little or no need for the individual. This disorder affects approximately 1.1% of the world population. The compulsive buying appears in the nosology in the second … Read More

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