An understanding of consumer behaviour can mean better business for companies, better public policy for governments, and a better life for individuals.

Question

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Understanding consumer behaviour can help companies create effective marketing strategies, improve products and services, and ultimately increase profits. Governments can use insights from consumer behaviour to create policies that better protect consumers and promote economic growth. Individuals can benefit from understanding their own behaviour, making more informed purchasing decisions, and avoiding scams and other harmful practices. Therefore, understanding consumer behaviour can lead to better outcomes for all parties involved.

An Understanding of Consumer Behaviour Can Mean Better Business for Companies