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Discuss why the 3 economic areas of consumers inflation, income and recession are of greatest concern to most marketer's?
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- Explain why The three economic areas of consumers’ incomes, inflation, and recession. are of greatest concern to most marketers?what are the aspects towards the impact of high prices of goods and services on household spending, savings, and employment? please add referencesWhat is a “megatrend”? Briefly describe five megatrends shaping the consumer landscape
- Which are the three economic areas of greatest concern to most marketer?Discuss the impact of the changing age structure of the population on consumer spending and buying behavior. Why is this trend important to marketers?Would personal income, disposable income, or discretionary income be the of the greatest interest to marketers?
- As a marketer, why is it important to understand consumer behaviour? Explain one internal and external factor that has affected your buying behaviour after the pandemic.What are the problems in relation to impulse buying behavior of consumers. How does impulse buying affect business? How will you relate this to the pandemic crises?Visit a large supermarket. Considering both cost and nutrition, identify the best and worst breakfast cereals focused on children. What do you conclude?
- Narrate 5 examples of consumer buying behavior with logic and explanation?Idenfity consumer and marketer reactions to the state of the economy. What is the state of the economy in march of 2022, and how do you conduct your marketing?Provide a brief historical overview of government affordability programmes in the United Kingdom, and critically discuss whether these programmes have attained their objectives and the effects they had on household behaviour and the housing market.