what are the aspects towards the impact of high prices of goods and services on household spending, savings, and employment
Q: What is the combined effect on the market for consumer goods?
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A: Target Market - It refers to a group of customers to whom the Company sells its product and…
Q: what are potential consumer responses to service pricing or policies that are perceived as unfair?
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Q: What is buying and selling of goods. Explain
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Q: List several factors that you could add to the model buying behavior to make it a more complete…
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Q: Narrate 5 examples of consumer buying behavior with logic and explanation?
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Q: What other issues beyond the market and the economy must marketers consider when setting prices?
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Q: What is a “megatrend”? Briefly describe five megatrends shaping the consumer landscape
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Q: As a consumer, what are the different factors that will make you buy their products or services?
A: Above question is answered below:
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- What is a “megatrend”? Briefly describe five megatrends shaping the consumer landscapeIn the ________ market, the consumer thinks about the money, durability and income before buying a. Urban b. Semi Urban c. Rural d. MetroWould personal income, disposable income, or discretionary income be the of the greatest interest to marketers?
- List several factors that you could add to the model buying behavior to make it a more complete description of consumer behavior. Explain your ideas and reasoning.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.