7 Reasons How Recession Has Changed Consumer Buying Behaviour
The recession of 2008 changed the way consumers buy products and services. It was a wake-up call for businesses to adjust their marketing strategies and understand the changing trends in consumer buying behavior. The long-term impacts of the recession have been profound, leaving companies to grapple with shifting customer demands and different ways to stand out from the competition. With that in mind, here are 10 reasons why the recession has changed consumer buying behavior and what businesses should do about it. People are now more mindful of their spending The recession has changed the way people spend their money. People are now more mindful of their spending and are looking for ways to save money. They are also more likely to buy items on sale or clearance. More people…