Trends shaping the value received by consumers include internationalization, technological changes, changing communications, changing demographics, and the changing economy.

Question

Quizplus · Accepted Answer

These trends are indeed shaping the value received by consumers. Internationalization has led to a wider array of products and services available to consumers. Technological changes have made it easier for consumers to access information and make purchases, while also increasing competition among businesses. Changing communications have made it easier for consumers to engage with businesses and influence their decisions. Changing demographics, such as the rise of millennials and baby boomers entering retirement, have shifted consumer preferences and demands. And the changing economy has caused consumers to become more price-conscious and seek out better value for their money.

Trends Shaping the Value Received by Consumers Include Internationalization, Technological