Question

In: Economics

1. How have you seen the landscape of retail change around you? In your immediate community....

1. How have you seen the landscape of retail change around you? In your immediate community. Have you see openings/closing/changes. Please describe.

2. Have you realized and thought about the connection between your own and/or your family's buying behavior and the effects to retail?

3. Are you aware of how promotional marketing techniques - advertising, public relations and sales promotions affect consumers, as the article suggests? Yes or no, if so why not?

4. Do you agreethat consumers want ads delivered in a meaningful practical way that is useful. Would you be receptive?

Solutions

Expert Solution

1. The retail industry was gone though many changes over the two decades there is a slow change from unauthorised to organised sector,changes in consumer behaviour it ignored traditional retailers. It is expecting to strengthen in coming years with percaptan income raise in population and urbanisation. Raising middle class,retail sector has the capacity to grow economy, metropolitan cities demanding shopping experience replacing traditional marketing. A retail transformation in lifestyles,luxury brands,shopping malls,rapidly emerging. 2. Yes,exactly family definately influence the consumer behaviour as an important element of consumption. Basing on family members,composition,demands,a single decision will come out. They will provide information,few acts as gate keeper to control the flow,decider,buyer,maintaner,each and every one of the family will take decision on different purchases.Buying prefarences changes from time time to time. Marketer also target families in their marketing and advertising campaigns,holida trips,preferances,your buying habit influenced by family because of emotional bondings.
3. Yes, marketing stratergies used for influencing consumer behaviour leads to buying goods. Marketing product communicating with consumers emotionally. It can be done by giving promotional materials to attract consumers in the form of joy and surprise. If consumer find easy to solve his problem with a particular product as shown,he change their brand. Marketing always reach consumers choice. Offering discounts, highlighting the features, showing the research will definately attract consumer to buy their goods.
4. Majority of consumers wants ads which reflect their intresets,hobbies,age group,location,country and etc. Advertising influences th marketing of goods. It influences the people to check the ad read the content respond and buy the product. Advertising is the graetest art form of 20th century. Consumer require practical messages to maximes the practise and satisfaction but not hope and optimisiom.
It's challenge to understand consumers hobby,taste,preferences to influence by advertising but nowadays more techinques are following to influence the consumer.


Related Solutions

Post a change needed in your community and an explanation for how you will begin to...
Post a change needed in your community and an explanation for how you will begin to implement that change. Then, share with your colleagues a brief explanation of what your nursing legacy will be and how will you impart Social Change.
how the landscape of healthcare will change due to the pandemic?
how the landscape of healthcare will change due to the pandemic?
For each change made to a protein solution that you have seen or read about, how...
For each change made to a protein solution that you have seen or read about, how might it affect the interactions that are involved in a proteins shape?
Consider the techniques related to cultural change in your organizations. Provide examples that you have seen...
Consider the techniques related to cultural change in your organizations. Provide examples that you have seen in your own work life.
What are your specific and immediate cultural expectations around death?
What are your specific and immediate cultural expectations around death? First state your specific culture and then identify and explain the rituals(or lack thereof) of death including mourning, honoring of the dead, how the body is handled?
Discuss a product whose price you have seen change in response to its competition and how...
Discuss a product whose price you have seen change in response to its competition and how did the price change?
Retail Management is the subject: Discuss any experiences you have had or seen with the unethical...
Retail Management is the subject: Discuss any experiences you have had or seen with the unethical price issues mentioned in the text or otherwise. (i.e. bait-and-switch, deceptive pricing, misleading ads, etc.) Why would retailers risk violating any of the legal issues discussed in this chapter. Explain.
Explain the different social interactions you have had or seen in Virtual Worlds. How have your...
Explain the different social interactions you have had or seen in Virtual Worlds. How have your social interactions shaped your experiences and understanding of these virtual worlds? Describe the perception you now have of that virtual world. What can be done with the design of these worlds to shape the social interactions?
How have you seen intersectionality impact others? How does intersectionality impact your life?  
How have you seen intersectionality impact others? How does intersectionality impact your life?  
if you were a change agent what would you do in your community to make a...
if you were a change agent what would you do in your community to make a difference. In 1 paragraph  write what you think would be a good intervention project or solutions for the community health issue of tuberculosis about in the factors contributing to  the disease
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT