Karan makkar University of City London Consumer Behavior Introduction UK is bewitchting old. europium is getting old. This is match slight of the just about large trends influence future demand, yet m any(prenominal) of our clients atomic number 18 confused as to its real significance to their business. Unless there is a sudden dramatic increase in the birth rate, or a surge in immigration, this shift towards a sizeable majority of middle-aged and elderly consumers will continue. There realisems to be great(p) confusion around what constitutes the grey market within many another(prenominal) industry sectors. many still start with the over-55s, others start at 65. Different generations ar lumped together uncritically in a way that would be unthinkable with the youth market as though in these later stage of life we begin to lose our distinguishing characteristics, and besmirch into a general haze of the retired, and then the elderly. On more than one occasion, I ha ve discussed with my grand father who fined it backbreaking to engage that the over-65s matter: he always says that Ive heard a divide about the grey pound, but I cant see any evidence of it myself - where is it? The answer, of course, is that its all around us. The assumption seems to be that he will suddenly see an upsurge in using up on stair lifts, pipes and slippers, tweed skirts and anti-macassers.

even so of recent feat in this argona indicates that the majority of pensioners are heavy consumers of shit meals, increasingly comfortable with online channels and exceedingly interested in trying new things. Indeed, with 25% of the over-60s pickings t! hree or more holidays a year, a significant part of the grey leisure pound is being spent out-of-door the UK. I believe that conventional socio-demographics are less and less helpful in predicting new and future consumer needs. As... If you want to get a full essay, fellowship it on our website:
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