Purchasing

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  • Impulse Purchasing Essay

    Have you ever wanted a product that you have done no research or reviewed? Yes, everyone is the victim of this type of purchasing because we all go into a store; purchase items that we purchased based on need. When it comes to buying, many consumers look for what’s best for them and not the most cost effective or the quality of the product. This method of purchasing is called “impulse purchasing”. The Consumer Topic today will be on Impulse Purchasing and research on why consumers are desperate to purchase at a unexpected timing. Impulse Buying is when a consumer makes a unplanned decision to buy a product or service that it is based on immediate need. The most popular impulse purchase is when the consumer notices the item on sale or clearance that enables the impulse of purchasing the item before the opportunity is over. This behavior is the most common today because the market of products and services allow us consumers to purchase what and whenever we want. The consumer is determined to purchase the item and wonders later on if the product or service was a valid purchase or not. Impulse buyers usually are the people who have the funds to purchase the item, but is willing to…

    Words: 1058 - Pages: 4
  • Product Id And Purchasing Unit 2

    CAI 121 Product Id & Purchasing Unit 1 Lecture In this unit we will examine the purchasing function and the steps that need to be taken in order to reach the optimal goals of selection and procurement. We will discuss the policies and procedures that will help to assure that you are doing everything that needs to be done to maximize the value of the operation. This unit will highlight the factors that affect the availability of product and the importance of product specifications and…

    Words: 1631 - Pages: 7
  • Purchasing Power Parity

    relative purchasing power parity hold?” is one of great interest to economists. It is of interests to economist because it involves the percentage change of exchange rates and the difference between the percentage changes in national price levels. The definition of relative purchasing power parity is, “the percentage change in the exchange rate between two currencies over any period equals the difference between the percentage changes in national price levels” (Krugman 416). This is important…

    Words: 1450 - Pages: 6
  • Importance Of Purchasing In Purchasing

    Purchasing is the movement of getting products or groups of managers to satisfy the goals of an association. The significant destinations of buying and owning are to (1) keep up the quality and guess of an organization 's items, (2) (make something as small as possible/treat something important as unimportant) trade tied-up out stock, (3) keep up the stream of (things that are given/work that 's done) to keep up the stream of yields, and (4) reinforce the association 's aggressive position.…

    Words: 1005 - Pages: 5
  • Cryptomnesia Case Study

    taken from the 19 open-ended and fixed-response questions, and the two types of cheating (copy-paste and paper purchasing) were measured by the percent of students responding with a particular answer (Sisti, 2007). 10. The researcher found that “58% used the internet 2 to 4 hours, 82.5% used half of time for school work, and 98% used it for homework or research papers” (Sisti, 2007, pp. 221). The majority of students (54%) reported mentioning where they got their information, 35% reported…

    Words: 962 - Pages: 4
  • Grocery Stores In Canada

    rarely observed. Social interactions became even scarcer while observing the purchasing process of groceries for shoppers. Why are shopping behaviors of different shoppers so widely different? Are their behaviors influenced by factors such as time (on a time limit), lifestyle (family to get home to, do they eat supper soon and need to get home, off to work and trying to do a quick shop before) Social world (are they isolated and this is their time to be in public and alone) and role within the…

    Words: 2549 - Pages: 11
  • Characteristics Of Ethical Procurement

    Purchasing entails the acquisition of goods and services that enable an individual to accomplish the goals of an organization. All the purchasing processes aim at the possession of the right quality of products at the right quantities of the same products by an individual or an organization. Price and time are among the other significant determiners of the purchasing process. The primary objectives that determine the process of purchasing goods and services is to maintain the quality and value…

    Words: 1226 - Pages: 5
  • Repeat Customers Case Study

    Priority Mail shipping on orders over $100. You could also offer first-time buyers reduced shipping on their next order. • Plan your communications around clusters. Although your data may show that the average customer makes a second purchase every 45 days, this number is probably not going to provide you with the best timing to send a personalized email or text an offer. When you analyze your data, you may find groups of customers who made a second purchase in 10, 30 or 90 days. Target your…

    Words: 807 - Pages: 4
  • The Impact Of The Internet On Consumer Decision Making Process Essay

    The Impact of the Internet on Three Stages of Consumer Decision Making Process Consumer decision making has long been since a complexity. Each consumer has their own needs therefore decisions can be complex and then compounded with the technology of the internet; consumer’s opinions have become more relevant. The five stage model of Consumer Decision Making (CDM) is a common consensus among researchers and academics. The five stages of the theory about consumer purchasing are: recognition of…

    Words: 703 - Pages: 3
  • Couples Interview Research Paper

    the children have just as much or even more purchasing power than they do. When I asked what they meant they said we want to keep our children happy so if they ask for something from the grocery or from the store and it is reasonable we are going to get it for them. The couple that is engaged has yet to have children so they base what they want off of their own feelings and emotions. In both couples the product category changed who was the initiator, purchaser, user, etc. This has to do with…

    Words: 1127 - Pages: 5
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