purchase-patterns

Vocabulary Word

Definition

'Purchase-patterns' refers to the regular behaviors, times, or preferences someone has when they shop. It's like tracking the shopping habits of different customers to understand their likes and dislikes.

Examples in Different Contexts

Purchase patterns refer to the habits and behaviors of consumers in buying goods or services. A business analyst might explain, 'By studying purchase patterns, we can predict future sales trends and adjust our inventory accordingly.'

Practice Scenarios

Tech

Scenario:

Our website's bounce rate has increased. We need to address the user journey and find ways to retain customers.

Response:

Yes, considering the purchase patterns of our customers during the design process could make the platform more user-friendly.

Business

Scenario:

Our storefront's inventory is often mismatched with customer demand. Let's re-evaluate our stocking strategy.

Response:

Agreed. Following our customers' purchase patterns could help us predict and satisfy their needs better.