Changing Consumer Lifestyles and Buying Behaviour

Cards (5)

  • What are examples of changing consumer lifestyles and buying behaviour?
    • Demand for healthy food
    • Eco-friendly products
    • Convenience (e.g. food delivery apps, subscription models)
  • How does changing consumer lifestyles and buying behaviour impact businesses?
    • Shift towards product developement
    • More pressure on innovation
    • Increase in sustainability
  • How might changing consumer lifestyles and buying behaviour impact marketing decision-making?
    Focusing on ethics, well-being or personalisation
  • How can changing consumer lifestyles and buying behaviour be an opportunity for a business?
    • Build brand loyalty
    • Meet demand early
  • How can changing consumer lifestyles and buying behaviour be a threat for a business?
    • Cost of adapting the supply chain
    • Repositioning the brand