Hershey's resurgence in chocolate sales is based on satisfying consumer wants rather than needs, as chocolate is for pleasure rather than survival. Customers perceive benefits like value and affordability when choosing chocolate products. Hershey's has cut costs on product varieties to provide affordable options that satisfy cravings at a fair price. Other purchases like clothing and dining out have been harmed by consumers prioritizing frugality.
Hershey's resurgence in chocolate sales is based on satisfying consumer wants rather than needs, as chocolate is for pleasure rather than survival. Customers perceive benefits like value and affordability when choosing chocolate products. Hershey's has cut costs on product varieties to provide affordable options that satisfy cravings at a fair price. Other purchases like clothing and dining out have been harmed by consumers prioritizing frugality.
Hershey's resurgence in chocolate sales is based on satisfying consumer wants rather than needs, as chocolate is for pleasure rather than survival. Customers perceive benefits like value and affordability when choosing chocolate products. Hershey's has cut costs on product varieties to provide affordable options that satisfy cravings at a fair price. Other purchases like clothing and dining out have been harmed by consumers prioritizing frugality.
1. Is Hershey’s resurgence based on a want or a need?
Hershey’s resurgence is based on want for the reason thatchocolates is just for pleasure/ to satisfy cravings not for survival state. 2. Evaluate the shift in chocolate sales based on benefits and costs that customers perceive. Consumers are very careful on choosing products that they’re buying,they prefer to buy chocolates which they perceive affordable products and value. Hershey’s cutting cost of the varieties of products for those customers who seeks for affordablechocolates to satisfy their cravings. Also cutting cost will find the chocolate value for the product can be bought in fair price. 3. What other products are harmed or helped by the new consumer frugality? Other products that harmed by the new consumer frugality are clothing purchases and eating out.