So called luxury items, such as fridges and dish washers, big televisions, etc. sell less well if the populace are forced to economise, as during an economic recession. When the economy and peoples surplus cash improves, so sales of luxury items increase as people are willing to spend more.
Income affects food choices in several ways. If you are poor and struggling to make ends meet, junk food and/or fast food is often cheaper than healthy fruits and vegetables and lean meats. In addition, many struggling people live in what are called "food deserts," areas of town in which there are no grocery stores that sell healthy food (just convenience stores that tend to sell junk food).
The price of goods will determine what can be purchased by consymer and is an important influence on the choice made by consumers.
if consumers are receiving a low income then
Consumer behavior has a large scope in that it can affect everything about business. What consumers are currently buying and what they will buy in the future, how much they are willing to pay, etc. can determine what companies produce and even if a company survives.
Consumer Buying Behavior * Buying behavior of individuals and households that buy products for personal consumption
The current trend of the consumer buying behavior differs from one commodity to another. Some of the factors that dictate these terms includes the quality, the price and the demand.
Income and Time
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It caused more people to want to purchase consumer goods.
women always shop for clothes no matter how broke they are. this is unchangeble
if consumers are receiving a low income then
A consumer is a person who is buying something, so if your client is buying something from you, then yes they are a consumer.
Consumer behavior is one of the topic that marketer uses to better understanding of consumer on how their behavior react when come to buying decisions. Perception is how one view under the influence of past experience, personal opinon
The family and their home is a child's first method of socialization. Therefore, the types of buying decisions that members of a family make influence the decisions that the child later makes.
Individual consumer buying behaviour has to do with all the processes undertaken by the various individual buyers in evaluating and making decisions towards purchasing a product for self- ocnsumption, family use or as a gift to other parties where as organisational buying behaviour has to do with the processes undertaken by a business in evaluatig and making decisions geared towards purchasing prodcuts or raw materials for further prodcution, to be sold to consumers for profit.
A consumer's lifestyle mainly depends upon following factors: Income Marital status Culture Social group & Buying power. Any change in one of them changes the behaviour of consumer. From Raja Khan
The similarities between consumer buying and organizational customer buying is that both have the need to purchase. The difference lie in the quantity of purchases. Consumer buying entails retail, while organizational customer buying entails wholesale.
a consumer buys what ever they want