Monday 19 January 2015

Consumer Focus Behaviour for Cab Related Business


Taxi, Cab and transport types of services in the United Kingdom has become highly competitive and operators of various networks are have adopted strategies which will enable them remain in business and also gain competitive advantage over their competitors. The choice of a particular network by a customer may depend on these strategies the companies adopt.

International clients and executive clients see a taxi cab services as a necessity therefore constitute a large market for the cab services provider companies is essential. Consumer behavior focuses on how individuals go about making decisions on how to spend their money on transport related businesses which includes for what they purpose they use, why they use, when they wanted to use, from where they use and how often they buy them. The area of Wokingham in United Kingdom is essential for taxi business. Hence, company that is able to give answers to these questions gains an advantage over less aware competitors. It will enable them to fit their product and service offerings to the consumer more closely and therefore to satisfy the consumers need more fully than other competitors. It will also help the marketer to know how their marketing variables, e.g. marketing mix variables, will affect buying behavior.

Cultural factors are external factors that impact a consumer.  It is defined as norms, beliefs, and customs that are learned from society and lead to common pattern of behavior. Since culture is shared between social groups and is passed on from one individual to the other, there are certain influences and preferences of that cultural group which affect the behavior of an individual when buying a product or a service. The shared element of a culture is normally inculcated in an individual from birth. This means that a person is conditioned by his cultural group to prefer certain items over another. It can also dictate what he wants or what he should have. So, in this regard it’s essential that taxi businesses should need to understand from which culture passengers are available according to specific areas of Wokingham. Overall it’s important to focus on revenue generation strategy for businesses with quality services either it’s transport service provider or any other.





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