What do consumers who are economic buyers do?

Question

Multiple select question.

Logically compare choices

Waste time and money over analyzing purchases

Want the greatest satisfaction for their time and money

Always buy the least-expensive brand of a product

Answer 1

Consumers who are economic buyers typically:

• Logically compare choices
• Want the greatest satisfaction for their time and money

Economic buyers are focused on making rational choices that maximize their value and satisfaction from their purchases. They analyze different options without necessarily wasting time and money overanalyzing. Additionally, they do not always buy the least-expensive brand; rather, they aim for the best overall value.