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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Discussion 1 Chapter 3

Discussion 1 Chapter 3

Q Prior to getting started with this assignment, review the detailed instructions for all discussion boards on Syllabus Page 1, FAQs. Why is understanding consumer behavior so important for companies? Think of examples where you do not think companies understood their consumers. Rubric Detail Levels of Achievement Criteria Unsatisfactory Satisfactory Exemplary Initial Post 5 Points Minimal effort. 1-2 sentences. 10 Points Most questions were answered and there was some effort toward justifying the responses. 15 Points All questions were answered and there was effort toward justifying the post. Peer replies 0 Points Peer replies were not submitted. 6 Points Missing several replies, or the replies lacked depth. 14 Points Missing one reply, or the replies lacked depth. Citation and works cited 0 Points No citation or works cited. 5 Points Major issues with the citation and works cited, or citation omitted 8 Points An attempt was made with minor errors. Grammar 0 Points The posts were not submitted. 5 Points One or more of the posts had significant grammatical issues, or minimal work included. 8 Points One or more posts had several grammatical issues. Fewer than three grammatical/spelling errors. 31

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Companies need to understand consumer behavior so businesses can better understand what consumers are either wanting or looking for. If some businesses do not have what the consumer would like or prefer, the company must figure out the trend to reach the consumers who are most likely to buy the products or services the business is selling. That is why some businesses do specific things like music in stores; the front of the store is positioned a certain way so that you go to the right when you first walk in, and how the products are grouped.