Define the following words. Buyer behavior Consumerism Consumer interests Reference groups Consumption subcultures?

Buyer behavior: The actions and decision-making processes of individuals or organizations when purchasing goods or services.

Consumerism: A social and economic ideology that encourages the acquisition of goods and services in ever-increasing amounts, often leading to materialism and overconsumption.

Consumer interests: The needs, desires, and preferences of consumers that drive their purchasing decisions and behaviors.

Reference groups: Groups of people that individuals use as a basis for comparison in forming their attitudes, beliefs, and behaviors. These groups can influence an individual's purchasing decisions and consumption patterns.

Consumption subcultures: Groups of people who share a common interest or lifestyle and engage in consumption practices that reflect their shared values and beliefs. These subcultures often have their own unique consumption patterns and preferences.

Buyer Behavior

The study of how individuals, groups, and organizations make decisions to purchase, consume, and dispose of goods and services.

Consumerism

A social and economic system that emphasizes the importance of consumer spending as a driver of economic growth and overall well-being.

Consumer Interests

The unique needs, wants, and desires of consumers that drive their purchasing decisions and consumption patterns. These interests can vary based on factors such as demographics, lifestyle, and cultural influences.

Reference Groups

Social groups or individuals that influence a consumer's beliefs, attitudes, and behaviors. These groups can include family, friends, peers, coworkers, and celebrities.

Consumption Subcultures

Groups of consumers who share similar consumption patterns, values, and lifestyle choices. These subcultures can exist within broader cultural groups and often reflect specific niche interests, hobbies, or social identities.