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How do you analyze the factors which may influence household demand at a micro level for consumer goods?
Wiki User
∙ 17y ago
There are many factors that contribute to this: Elaborate on the households setting, for instance, is it rural or urban. Also the structure of the household, is it just one person living there or are there six!! There are loads of different things that will change the expenditure patterns of a household. The income level of the household will effect the expenditure too, in simple terms, the greater the income, the more the household will spend! For Instance a poorer household will spend most of there money on basics like food whereas a richer household will spend money on other commodities as well including luxuries such a a gym membership or a MP3 player. Dont forget there are social issue that will influence too like, race, gender and age. Hope this helps. sorry i have been brief
Wiki User
∙ 17y ago
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What factors influence consumer spending?
The factors that influence consumer spending include disposable income and consumer confidence. Disposable income relates to the amount of money a household has left over after their bills have been taken into account. Consumer confidence relates to the consumer's view of the current economy while taking into consideration their own financial circumstances.
What are the definition of economic influence?
Economic influence is the effect that an event, policy, or market trend will have on economic factors. These economic factors include interest rates, consumer confidence, and the stock market. For example, a bank that declares bankruptcy will affect consumer confidence and stock prices related to that bank.
What economic factors that influence the personal financial planning?
Consumer Prices; Consumer Spending; Interest Rates; Unemployment; DOW JONES Average index changes, etc
What are factors that influence supply?
what are the factors that influence supply
What Factors affect consumer spending?
The factors that affect consumer spending are: Size of Income, Future Expenditures, and Social Influences.
What factors influence consumer spending?
The factors that influence consumer spending include disposable income and consumer confidence. Disposable income relates to the amount of money a household has left over after their bills have been taken into account. Consumer confidence relates to the consumer's view of the current economy while taking into consideration their own financial circumstances.
Analyze three factors that influence Boeing's strategic tactical operational and contingency planning?
Analyze at least three factors that influence the boeing company's strategic, tactical, operational, and contingency planning.
What factors influence consumer towards toothpaste?
the price and the cost
Which factors have the broadest and deepest influence on consumer behavior?
Cultural, psychological, and social factors are believed to have the broadest and deepest influence on consumer behavior. Cultural factors include values, beliefs, and norms that shape individuals' preferences. Psychological factors, such as perception and motivation, impact how consumers process information. Social factors like family, reference groups, and social class influence consumers' purchase decisions and behaviors.
Critically analyze the factors that influence self-esteem and self-awareness?
by the way u look your self
Why psychological factors are influencing consumer behaviour?
Psychological factors influence consumer behavior because they impact an individual's perceptions, attitudes, beliefs, and emotions towards a product or service. Factors such as motives, personality, perception, and learning play a significant role in shaping consumer behavior. Understanding these psychological factors helps businesses tailor their marketing strategies to resonate with their target audience and influence their purchasing decisions.
What is broadest and deepest influence on consumer behavior?
The broadest and deepest influence on consumer behavior is often thought to be cultural factors. Culture shapes individuals' values, beliefs, and norms, which in turn influence their purchasing decisions and consumption patterns. Marketers often consider cultural factors such as language, religion, values, and aesthetics when developing marketing strategies to appeal to different consumer groups.
What are the definition of economic influence?
Economic influence is the effect that an event, policy, or market trend will have on economic factors. These economic factors include interest rates, consumer confidence, and the stock market. For example, a bank that declares bankruptcy will affect consumer confidence and stock prices related to that bank.
What economic factors that influence the personal financial planning?
Consumer Prices; Consumer Spending; Interest Rates; Unemployment; DOW JONES Average index changes, etc
What are factors that influence supply?
what are the factors that influence supply
What are the factors that influence group?
what are the factors that influence group behavior
Explain the factors that influences consumer's behavior?
Three factors that influence consumer behaviour are: 1. Consumer loyalty - When a consumer returns to you every time or keeps on purchasing from your business. 2. Environment - The environment of your business or where your business is located can affect your consumer e.g. If the surrondings are not healthy or clean it will affect your business 3. Price - If your prices are too high then persons would not want to buy from you, but if they are at a reasonable price then you would have a great amount of consumers and that can eventually lead to consumer loyalty.
