How Information Changes Consumer Behavior and How Consumer Behavior Determines Corporate Strategy

@article{Clemons2008HowIC,
  title={How Information Changes Consumer Behavior and How Consumer Behavior Determines Corporate Strategy},
  author={E. Clemons},
  journal={Journal of Management Information Systems},
  year={2008},
  volume={25},
  pages={13 - 40}
}
  • E. Clemons
  • Published 2008
  • Business, Computer Science
  • Journal of Management Information Systems
  • Information availability has increased consumers' informedness, the degree to which they know what is available in the marketplace, with precisely which attributes and at precisely what price. This informedness has altered the demand side of market behavior: customers now discount more heavily when comparable products are available from competitors and when products do not meet their wants, needs, cravings, and longings, but they no longer discount as heavily when purchasing unfamiliar products… CONTINUE READING
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