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Customer Behavior, Cultural factors matter a lot on the spending
of the…
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Cultural factors matter a lot on the spending
of the consumers and socially the habits of people vary from region to region and situation to situation
The place and comfort also matters a lot to people, while some might be too busy to go visit a shop to buy stuff, others might be too paranoid and might not trust online stores
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Sales also affects the inflow and outflow of
customers more than you think. While a sale can increase the demand of products, the information that a sale will be held in the future might decrease the current sales but will increase in the future
The nature of the product is also very important too see how the consumer will react to them and which consumers have a more prominent hold with which product
The current state of the economy also shows us which products will be sold more and which will be sold less at a certain period of time
Benefits given to consumers like free products or free memberships or discounts are also a driving factor for consumer expenditure
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