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Social and Technological
Social Change
Changing Consumer Lifestyles and Buying Behaviour
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Created by
Lukas Skripka
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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