Ask Question
BusinessBusiness
22 August, 13:11

According to Gerzema, what are some of the changes that consumers are making when it comes to spending money or buying an item? What has caused these changes to take place?

+3
Answers (1)
  1. 22 August, 14:48
    0
    Gerzema explains in his book about the changed consumer behavior post the economic crisis. According to him, consumers have become more empowered and enlightened. This means that people are spending their money on products responsibly and with much awareness. Savings have drastically gone up and people buy and trade local produce instead of jumping into corporate supermarkets.

    Explanation:

    They have started to buy sensibly rather than for fashion or status.

    Consumers look to buy from companies and brands that have absolute transparency and are socially responsible.

    The economic crisis has kicked-in a sense of awakening in the minds of people enabling them to forego purchase for pride or societal status.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “According to Gerzema, what are some of the changes that consumers are making when it comes to spending money or buying an item? What has ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
The following costs are included in a recent summary of data for a company: advertising expense, $85,000; depreciation expense - factory building, $133,000; direct labor, $250,000; direct material used, $300,000; factory utilities, $105,000;
Answers (1)
Ramon sells two enchiladas and three tacos for $/$$2.50 and he sells three enchiladas and two tacos for $/$$2.70. Assuming a fixed price per item, what is the cost, in dollars, of three enchiladas and four tacos
Answers (1)
On December 31, 1999, Key Co. received two $10,000 noninterest-bearing notes from customers in exchange for services rendered. The note from Alpha Co., which is due in nine months, was made under customary trade terms, but the note from Omega Co.
Answers (1)
What interest rate are member banks are able to borrow funds?
Answers (1)
In recent years some companies have begun to work closely with their customers and/or suppliers by sharing information to develop demand plans and execute those plans. The procedure they are following is known as:
Answers (1)
New Questions in Business
A material weakness is a situation in which Multiple Choice A) There is a remote likelihood that a material misstatement would be detected on a timely basis.
Answers (1)
In latvia, only one six-lane highway exists, connecting riga, its capital, with moscow. otherwise, the roads are two lanes and many are made of cobblestones or bricks.
Answers (1)
When the government injects money into the economy, consumers may have more disposable income, which may lead to higher unemployment. higher production lower production. increases in taxes.
Answers (2)
Stock prices are determined in the financial markets. Management's primary goal is to maximize the firm's stock price, so financial managers need to understand how these markets operate in order to make good decisions.?
Answers (1)
The World Trade Organization (WTO) has an important role in international trade. From the list below, select all statements about the WTO that are true. It is possible that more than one statement is true. 1.
Answers (1)
Home » Business » According to Gerzema, what are some of the changes that consumers are making when it comes to spending money or buying an item? What has caused these changes to take place?
Sign Up Forgot Password?