This document discusses factors that influence household spending, including indirect taxes and subsidies, prices of goods and services, household confidence levels, and expectations about the future. It also covers selecting suppliers and factors to consider like payment terms, cash flow, size compatibility, and meeting consumer expectations. Finally, it outlines determinants of spending, ways to select suppliers, and common factors that can shift consumer sentiment.
This document discusses factors that influence household spending, including indirect taxes and subsidies, prices of goods and services, household confidence levels, and expectations about the future. It also covers selecting suppliers and factors to consider like payment terms, cash flow, size compatibility, and meeting consumer expectations. Finally, it outlines determinants of spending, ways to select suppliers, and common factors that can shift consumer sentiment.
This document discusses factors that influence household spending, including indirect taxes and subsidies, prices of goods and services, household confidence levels, and expectations about the future. It also covers selecting suppliers and factors to consider like payment terms, cash flow, size compatibility, and meeting consumer expectations. Finally, it outlines determinants of spending, ways to select suppliers, and common factors that can shift consumer sentiment.
comfortably provide and what is its maximum? IDENTIFICATION
2. As indirect taxes and subsidies rise and
fall, households will be encouraged or discouraged from spending. IDENTIFICATION 3. This is an over time spending on certain items that are ‘in fashion’ increase relative to those that go out of fashion. IDENTIFICATION
4. It can be broken down into a number
of categories, covering major spending items such as transport, food, fuel, holidays and clothing. IDENTIFICATION
5. As the prices of certain goods and services
rise in relation to others, household spending will adjust. IDENTIFICATION
6. It is the most important part of
aggregate demand. IDENTIFICATION
7. Example: How quickly does the
supplier expect payment and method of payment? IDENTIFICATION
8. If households are confident, and have
positive expectations about the future, current spending can rise. IDENTIFICATION
9. These are the targets that the suppliers will
need to meet. IDENTIFICATION
10. Consumers’ are more likely to
respond to material that connects on an emotional level, and surprise combined with repeated episodes of joy or humor is effective. IDENTIFICATION
11. Example: Does it normally deal with
businesses of your size? IDENTIFICATION
12. The key is to make sure your
products meet the expectations of consumers. IDENTIFICATION
13. Example: Does it have good cash
flow and strong balance sheet? IDENTIFICATION
14. To have a more general effect on
consumer behavior is to offer ways of acting in a socially responsible manner. IDENTIFICATION
15. A successful business influences the
to encourage them to buy its products. ENUMERATION