CHAPTER 2 Group No.1
CHAPTER 2 Group No.1
CHAPTER 2 Group No.1
REVIEW OF LITERATURE
2.1 Conceptual Review
Meaning
The underlying foundation of demand, therefore, is a model of how consumers behave.
The individual consumer has a set of preferences and values whose determination is
outside the realm of economics. They are no doubt dependent on culture, education,
and individual tastes, among a plethora of other factors. The measure of these values
in this model for a particular good is in terms of the real opportunity cost to the
consumer who purchases and consumes the good. If an individual purchases a
particular good, then the opportunity cost of that purchase is the forgone goods the
consumer could have bought instead.
Definition
Consumer preferences are defined as the subjective tastes, as measured by utility, of
various bundles of goods. They permit the consumer to rank these bundles of goods
according to the levels of utility they give the consumer. Ability to purchase goods
does not determine consumers likes or dislikes.
Factors
Consumer preference is also influenced by such social factors as reference groups,
family and social roles and status. Personal factors such as buyer’s decisions are also
influenced by personal characteristics, the buyer’s age, life cycle stages, occupation,
economic circumstances, lifestyle and personality and self-concept
Advantages
Helps in formulating right marketing strategy.
Helps in the segmentation of market.
Helps in the development of new products.
Helps in product orientation
Helps consumers to study their behaviour.
Literature Review
VaggelisSaprikis. et.al [2010]. The rapid increase of internet usage, as well as the
progress of information technology have way goods are sold, resulting to the high
growth in the number of online shoppers. However, a lot of differences regarding
online purchases have been revealed due to the various consumers’ characteristics and
the types of provided products and services. Therefore, understanding who are the
ones consuming and the types of provided products and services. Therefore,
understanding are the ones consuming and why they choose to use or avoid the
internet as a distribution channel, is a important issue for both shopping portals and
consumer theorists. Moreover, the reasons for or avoiding online shopping as well as,
the types of preferred were studied. The research provides interesting insights on the
online consumer behaviour, as the results show significant differences between the two
groups of respondents.
Chris [2011]. Some company believes that some restaurant can promote instantly
and customer can book tables overnight But the fact in today’s some restaurant are not
able to attract customer because there is huge penetration in Indian market especially
in urban cities wherein customer are more selective and people don’t have enough time
to visit restaurant. In such case restaurant owners mark alliance with food ordering and
delivery services to deliver food to customer. Food delivery services also given more
visibility to restaurants.
Alexandra Rodney. et al [2017] states that women bloggers inspire the make
different type of food items. On many case prominent personalities are takes to
influence cooking at home. This paper presents illuminates food blogs’ paradoxical
combination of idealization and lack of interest in food preparation. The research is
strictly limited forwomen.
Ajas Ahmad Bhat [2019]. Research was conducted to examine the “Satisfaction
of consumers by using online food services”. If deals with consumer behaviour and
helps to analyse their perception and will also help us to understand consumer
equilibrium. Sixty respondents are considered to know their behavior and satisfaction
level by using online food service app.
0
Coalesce([First Name]+" "+[Last Name],[Last Name],[First Name],[Email],
[Company])
Coalesce([Last Name]+" "+[First Name],[Last Name],[First Name],[Email],
[Company])
"Business"
0
"Good"
0
"Good"
Coalesce([First Name]+" "+[Last Name],[Last Name],[First Name],[Email],
[Company])
"Business"
[End Time]>[Start Time]
Today()
"Good"
0
0
No
[End Time]>[Start Time]
Coalesce([First Name]+" "+[Last Name],[Last Name],[First Name],[Email],
[Company])
"Business"
Coalesce([First Name]+" "+[Last Name],[Last Name],[First Name],[Email],
[Company])
Coalesce([Last Name]+" "+[First Name],[Last Name],[First Name],[Email],
[Company])
"Business"
[Subtotal]+[Tax]
0
0
No
[End Date]>[Start Date]
Coalesce([First Name]+" "+[Last Name],[Last Name],[First Name],[Email],
[Company])
"Business"
0
Coalesce([First Name]+" "+[Last Name],[Last Name],[First Name],[Email],
[Company])
"Business"
Coalesce([First Name]+" "+[Last Name],[Last Name],[First Name],[Email],
[Company])
"Business"
Coalesce([First Name]+" "+[Last Name],[Last Name],[First Name],[Email],
[Company])
No
"Not Started"
Coalesce([First Name]+" "+[Last Name],[Last Name],[First Name],[Email],
[Company])
"Business"
Coalesce([First Name]+" "+[Last Name],[Last Name],[First Name],[Email],
[Company])
"Full-time"
[Unit Price]*[Quantity]*(1-[Discount])
"None"
=Today()
0
0
[End Time]>[Start Time]
[End Date]>=[Start Date]
"Not Submitted"
=Today()
No
Coalesce([First Name]+" "+[Last Name],[Last Name],[First Name],[Email],
[Company])
Coalesce([Last Name]+" "+[First Name],[Last Name],[First Name],[Email],
[Company])
"Business"
Coalesce([First Name]+" "+[Last Name],[Last Name],[First Name],[Email],
[Company])
"Business"
[Subtotal]+[Tax]+[Shipping]
0
0
[Original Contract Sum]+[Change Orders]
0
Today()
"1 - New"
"1 - Critical"
=Today()
[Status]="3 - Resolved"
[Resolution] Is Null
[Resolution] Is Null
Resolution
Null
Make sure the Status and Resolution fields are in sync
[Status]="3 - Resolved"
[Resolution] Is Null
[Status]="4 - Closed"
[Resolution] Is Null
Resolution
Null
0
"Good"
0
0
IIf([Returned Date] Is Null,"Checked Out","Returned")
Today()
IIf([Returned Date] Is Null,"Checked Out","Returned")
Today()
IIf([Returned Date] Is Null,"Loaned","Returned")
Today()
[End Time]>[Start Time]
Coalesce([First Name]+" "+[Last Name],[Last Name],[First Name],[Email],
[Company])
"Business"
0
0
No
Coalesce([First Name]+" "+[Last Name],[Last Name],[First Name],[Email],
[Company])
"Business"
[Unit Price]*[Quantity]*(1-[Discount])
"None"
IIf([Status]="Completed",No,Yes)
=Today()
"New"
Coalesce([First Name]+" "+[Last Name],[Last Name],[First Name],[Email],
[Company])
"Business"
1
No
0
Coalesce([First Name]+" "+[Last Name],[Last Name],[First Name],[Email],
[Company])
"Business"
Coalesce([First Name]+" "+[Last Name],[Last Name],[First Name],[Email],
[Company])
Coalesce([Last Name]+" "+[First Name],[Last Name],[First Name],[Email],
[Company])
"Business"
"Open"
0
No
0
IIf([Status] In ("Completed","Deferred"),No,Yes)
"2 - Medium"
"Not Started"
Now()
Changed Date
Now()
0
0
0
=Today()
0
Coalesce([First Name]+" "+[Last Name],[Last Name],[First Name],[Email],
[Company])
Coalesce([Last Name]+" "+[First Name],[Last Name],[First Name],[Email],
[Company])
"Business"
[Quantity]*[Unit Price]
0
[Unit Price]*[Quantity]*(1-[Discount])
"None"
IIf([Status]="Completed",No,Yes)
=Today()
0
"New"
Concat([Budget Year]," - ",[Budget Quarter])
DateDiff(MONTH,[Start Date],[End Date])*[Rental Rate]
0
2
0