Tag: consumer
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Channels of distribution
Distribution channels Producer, wholesaler, retailer ,consumer Producer, wholesaler, consumer Producer, RDC, retail branch, consumer Producer, consumer Producer, agent, consumer Producer, sole agent, retailer, consumer
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Consumer exploitation
Consumer exploitation in uncompetitive markets No variety Businesses charge a greater price for products as there is no competition Consumer is also exploited by given low quality products No or bad customer service
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Entering new markets
Problems of entering new market Lack of knowledge No contacts Lack of appreciation How to deal with this problem To make aware with the laws and customs The business should hire some local people in the country A detailed market research should be conducted to determine the tastes, needs and wants of the people…
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Consumer spending
Change in consumer spending pattern Reasons Tastes Affordability Image Need
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Interest rate affect
How higher interest rates affect business It will discourage managers to take further loans If the business is providing luxurious goods, the demand will fall because the consumers will be less willing to take loan on higher interest rates Businesses with existing loan will have to pay more interest resulting in less net profit
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Need for intervention
Identify need for intervention To stop consumer exploitation in the hands of the business The managers may provide unsafe working conditions to employees to safe money Production of harmful goods Consumers are weak and innocent