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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.
Wiki User
∙ 9y ago
Wiki User
∙ 9y agoIncome 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).
Wiki User
∙ 11y agoThe price of goods will determine what can be purchased by consymer and is an important influence on the choice made by consumers.
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In what way the income of the consumer affect his buying behavior?
if consumers are receiving a low income then
What is the scope of consumer behavior and its importance?
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.
What is the difference between consumer services and producer services?
Consumer Buying Behavior * Buying behavior of individuals and households that buy products for personal consumption
What is the current trend in consumer buying behavior?
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.
Two scarce resources are involved when making buying decisions?
Income and Time
How did consumer installment buying affect the Great Depression?
cats
as a marketer of what relevance is consumer behaviour to you and what buying decisions can you expect from your target market?
ya mama
Which of the following is a social factor that can influence consumer buying decisions?
Social class is a social factor that can influence consumer buying decisions. People belonging to different social classes may have different preferences, behaviors, and purchasing patterns based on their social status and values.
How did installment buying affect consumer goods in the 1920's?
It caused more people to want to purchase consumer goods.
How Buying habits and motives as they affect consumer buying decision?
women always shop for clothes no matter how broke they are. this is unchangeble
In what way the income of the consumer affect his buying behavior?
if consumers are receiving a low income then
Is a consumer a client?
A consumer is a person who is buying something, so if your client is buying something from you, then yes they are a consumer.
How does psychology affect consumer behaviour?
Psychology influences consumer behavior by studying how individuals think, feel, and behave when making purchasing decisions. Factors such as perception, motivation, memory, and emotions play a key role in shaping consumer preferences, attitudes, and buying habits. Marketers often use psychological theories and principles to better understand consumers and create effective marketing strategies.
Differences between individual consumer behaviour and organisational buying behaviour?
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.
How does consumer lifestyle affect consumer behavior?
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
Compare similarities and differences consumer buying and organizational customer buying?
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.
What is consumer buying?
a consumer buys what ever they want
