Consumer behavior is “The study of individuals, groups, or organizations and the processes they use to select, secure, use, and dispose of products, services, experiences, or ideas to satisfy needs and the impacts that these processes have on the consumer and society.” Although it is not necessary to memorize this definition, it brings up some useful points:
Through the 1950s, Americans were increasingly seeking a comfortable contention. Businesses beckoned consumers with flashy neon signs. Fast food restaurants and TV dinners made life more convenient. Automobiles were now available in a rainbow of colors. The average family was able to live a more “extravagant” life.
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