How Do Levels of Economic Development Affect Consumer Behavior? What

question 25

Essay

How do levels of economic development affect consumer behavior? What are the implications for marketing strategy?

---

Definitions:

Consistent

Exhibiting a uniform, steady, and unchanged character or performance over time.

Inconsistent

Lacking coherence or uniformity in action, values, or principles, often leading to confusion or unpredictability.

Search Properties

Qualities of a product or service that are assessable prior to buying, like its color, style, or cost.

Experience Properties

Characteristics of a product or service that can only be discerned after purchase or during consumption.