Business Dictionary Fundamental New Phrases Startup
Impulse Buying
April 18, 2017
0

Spur of the moment, unplanned decision to buy, made just before a purchase. Research findings suggest that emotions and feelings play a decisive role in purchasing, triggered by seeing the product or upon exposure to a well crafted promotional message. Such purchases ranges from small (chocolate, clothing, magazines) to substantially large (jewelry, vehicle, work of art) and usually (about 80 percent of the time) lead to problems such as financial difficulties, family disapproval, or feeling of guilt or disappointment.

Example:

I knew he practiced impulse buying and would buy things that he did not intend when he went there in the first place.

Read more: http://www.businessdictionary.com/definition/impulse-buying.html

About author

ZERIN

Mental Models – by defmacro

Spur of the moment, unplanned decision to buy, mad...

Read more

Frugal Innovation - Engineering - Word of the Day

Spur of the moment, unplanned decision to buy, mad...

Read more
All Actor in one screen

Lessons first-time startup founders can learn:

Spur of the moment, unplanned decision to buy, mad...

Read more

There are 0 comments

Leave a Reply

Your email address will not be published. Required fields are marked *