international bank S.C, Commercial Bank of Ethiopia and united bank S.C. Customers who are interested in the interest free banking are assured that they will obtain all those services that they would get from a fully-fledged interest free banking. The Interest Free Bank Window was commenced operation in mid of December 2013 which has contributed and promised a potential of differently mobilizing resources ahead of the Bank‟s time, the service being commenced on a limited number of branches only (Oromia
Consumer behavior theory which is also called utility theory. It is the theory which focus on studying different groups of consumers’ decisions of selecting, purchasing, using, disposing various products(Solomon, Bamossy et al., 2006; Schiffman ANDKanuk 2007). According to Bray, J. P.’s (2008)article which relates to the approaches and models of consumer behavior theory, it is said that there are five theoretical approaches which would study consumer behavior theory, including economic man, psychodynamic
(CIM)，“Marketing is the process of identifying, anticipating and satisfying customer needs profitably.” Marketing is a term gradually into people’s version; it also become to the company’s primary sector with the improvement of the economic development and the increased in household’s disposal income. Some firms realized that only pay attention to the internal capability to product quality and philosophy rather than focus on customer satisfaction and marketing tools are not able to bring the sustained profit
CONSUMER BUYING BEHAVIOR Factors which affect a consumer 's buying behavior includes Social factors are those factors which are induced by other people with whom the consumer is in contact with by one way or the other and have affect on the consumers buying behavior. These social factors can arise from culture, subculture, family and roles, reference groups and social class. Psychological Factors Psychological factors are an important part of the decision process. These are inherent to
shopping: how consumers have impacted the retail industry and how the industry influences consumers. In the article " The Science of Shopping," Malcolm Gladwell, a well-known writer and journalist, analyzes the shopping behaviors of customers and how retailers can lure customers; while Anne Norton, a professor of political science at the University of Pennsylvania, in
Introduction Business ethics in global economic can simply define in terms of social and ecological responsibility of business. According to these definitions, business ethics requires that business decisions should not focused on some of the socioeconomic and cultural of the decision, but also counterproductive in certain socioeconomic. This means that people who work in the business world should consider how their economic decisions affect others people, society, and even the environment.
impacts that these processes have on the consumer and society. STAGES IN CONSUMER DECISION MAKING PROCESS CONSUMER INDIVIDUAL FACTORS Consumer individual factor is divided by five. Age, occupation, economic situation, lifestyle and personality. This five factors is affected to consumer behavior to buy same product or
The stakeholder theory is a theory of organizational management and business ethics that addresses morals and values in managing an organization.[1] It was originally detailed by R. Edward Freeman in the book Strategic Management: A Stakeholder Approach, and identifies and models the groups which are stakeholders of a corporation, and both describes and recommends methods by which management can give due regard to the interests of those groups. In short, it attempts to address the "Principle of Who
is in constant development. The history of management theory and idea is evolving. Between the twentieth century and twenty first century, the environment of management has been changed from stable and predictable to unending changeable. According to Kiechel’s (2012) theory, with the definite law, principle and regulation, management belong to a real science system. In this essay, two topics will be discussed. The first one is management theories and ideas have changed over time with two factors which
competition. (Eller, E. P. (n.d.)). (Griffiths, A., & Wall, S. (2011)) The total amount of funds that an individuals want to spend on goods or services over a specific period. (Horner, D., & Stoddard, S. (2015)) A particular good or service that a customer will want to purchase at a given price. When the price decreases customer will want to buy more, but when the price increase customer will not willing to consume a large amount. Demand for a good or service are determined