answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: Factors affecting buying power and spending patterns?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Economics

Which of the following is an example of mandatory spending?

Mandatory spending example would be buying groceries. Anything that is a NEED and not a WANT is considered mandatory spending


Environmental factor affecting consumer business buying decision?

I don't know that's why I need help...


How do people use currency to provide for goods and services?

People use currency to provide goods and services by spending and buying


What is stimulus spending?

buying from companys so the companys are worth more money, so people invest into these companys so the companys can grow.


How changes in the demographic and economic environment affect marketing decisions?

Changing factors in the demographic environment that affect marketing decisions include the shifting age structure of the Canadian population, the changing Canadian family, geographic shifts in population, a better-educated and more white-collar workforce, and increasing ethnic and racial diversity. Economic trends include changes in income and income distribution, and changes in consumer spending patterns. Demography is the study of the characteristics of human populations. Today's demographic environment shows a changing age structure, shifting family profiles, geographic population shifts, a better educated and more white-collar population, and increasing diversity. The economic environment consists of factors that affect buying power and patterns. The economic environment is characterized by more consumer concern for value in shifting consumer spending patterns. Today's squeezed consumers are seeking greater value -- just the right combination of good quality and service at a fair price. The distribution of income also is shifting. The rich have grown richer, the middle class has shrunk, and the poor have remained for, leading to a two-tiered market. Many companies now tailor their marketing offers to two different markets-- the affluent and the less affluent.

Related questions

What factors affect elastic of demand?

There are plenty of factors affecting elasticity of demand including climate of the area. Other factors that effect elasticity of demand include supply and group of people buying.


What are the methods of buying?

Spending ....


Factors affecting pricing decision?

There are various factors that affect the pricing decisions of a company. Customer, competition, economical factor's such as weak buying power or recission and the host govt laws. Besides these factors internal factors of companies are also affectimg the priciog decision.


What differentiates capital expenditure from revenue expenditure?

Capital expenditure is spending from your savings (eg buying a house), Revenue expenditure is spending from your wages (eg buying a beer).


Which of the following is an example of mandatory spending?

Mandatory spending example would be buying groceries. Anything that is a NEED and not a WANT is considered mandatory spending


What can someone do to persuade their friend to stop spending so much money buying WOW gold?

If you think your friend is spending too much money buying WOW gold then you need to show them what else they could be buying with that money instead.


Which allows retailers to respond to consumer buying patterns?

Data Mining


Which allows retailers to respond to consumers buying patterns?

Data Mining


What 5 factors must be considered when buying the perfect pearl?

There are a great many factors that must be considered when buying the perfect pearl such as color. Other factors include size and shape.


Environmental factor affecting consumer business buying decision?

I don't know that's why I need help...


How can you help Maine with its debt?

By not buying a lot of things of Maine. _______________________ Vote for politicians who will cut spending.


How did Marie Antoinette entertain herself?

gambling... buying clothes... spending her time in Petit Trianon her small castle given by her husband (louis XVI) and spending time with her children.