how socio-economic impact affects your everyday life as an consumer
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Answer:
Consumers have different roles in purchasing products and services, and these roles can influence their buying behavior.
Influencers are people who have a relatively large audience in which to tout their beliefs. In the consumer world, influencers can impact the success or failure of a product by using it or shunning it.
A prosumer is usually a serious hobbyist, with similar interests and skills of professionals. The prosumer generally uses professional (or nearly professional) equipment and has a relatively high disposable income.
Marketers often create a ” persona ” for their products and services in order to represent the different user types in a target market.
Explanation:
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Answer:
The consumer goods sector includes a wide range of retail products purchased by consumers, from staples such as food and clothing to luxury items such as jewelry and electronics. While overall demand for food is not likely to fluctuate wildly—although the specific foods consumers purchase can vary significantly under different economic conditions—the level of consumer spending on more optional purchases, such as automobiles and electronics, varies greatly depending on a number of economic factors. The economic factors that most affect the demand for consumer goods are employment, wages, prices/inflation, interest rates, and consumer confidence.