Shopping Change Behaviour
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The world economic crisis has caused an unexpectedly strong repercussions in the economies of all countries. "We are witnessing not only the economic downturn, but also a significant change in consumer behaviour". (Duthel, 2010) The European crisis has affected the entire world economy, contributed significantly to the behaviour of consumers changing their shopping habits and patterns. As the economic pressure caused by the reduction in wages, many consumers opted out from buying luxury goods. However, purchases of daily use products encourage customers to search in the shops offering lowest prices. Consumers are willing to take the time to find satisfying offers, or waiting to drop in price or appearance of the promotion.
European crisis had significant impact on customer behaviour in developed countries especially in the United Kingdom. Crisis as a special economic situation determines not only consumer behaviour with specific consequences for the financial situation of their households and unfavourable market conditions, but also by the effects of emotional and psychological.
In relation to the European debt crisis, to what extent do you agree or disagree with the subject: The European crisis has a significant impact on YOUR shopping behaviour in the UK?.
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