Consumer spending

providing cheap alternatives, allowing hosts to make money, and flowing cash through economies, while costs include poor consumer protection and engaging in unfair competition with the hospitality industry. The issues that Airbnb have cannot be resolved by simply maximizing profits because maximizing profit solely benefits Airbnb. Most of the victims of Airbnb’s issues such as consumers, competitors, and the governments will not gain anything from Airbnb raising a high profit. Airbnb’s concerns…

Explaining Deceptive Acts or Practices The Consumer Financial Protection Bureau (CFPB) continues to use unfair, deceptive, and abusive acts or practices (UDAAP) as its primary enforcement tool. Over the past four years, the CFPB has used UDAAP to enforce hot button issues such as credit card add-on products, credit card advertising, debt collection, credit reporting and monitoring, auto lending, and mortgage servicing. In the coming years, credit unions should expect to see UDAAP being used…

being controlled. When the FTC were working on new guideline for blogger reviews on products. They never considered all consumer that be on the web page blogging about product they have try and work. They have a right to their own opinion about any product they use. Nevertheless, FTC never had ideas how this would affect the consumer as a whole.…

Introduction In the market place, elasticity demonstrates the change to a products demand or supply quantity in response to a change in price. Price elasticity of demand demonstrates how much of a product is demanded by the consumer when the price increases or decreases. When this occurs, if the quantity demanded changes very little, this is called an inelastic good. However, if the quantify demanded shows significant change, the good is considered elastic. Price elasticity is a useful tool for…

Before world war 2 marketers started focussing more and more on advertising. This made the consumers more eager. After the world war 2 was over it lead to the increase in the demand of general appliances as the economy shifted to peaceful manufacturing. This was the era of advertising as TV was getting more and more popular during this era. Marketers…

The four important economic points touch on the consumers and income, commodity prices, economic growth, and scarcity (Deaton, 2010). Key points The article explains that economic development differs from many fields since the consumers with low income will draw on all the branches of economics. The consumers in the article are people who use the goods or services and the young consumers usually have more lifetime resources than the older consumers. The commodity prices are described to…

Demand, impact each other and impact prices of services within an economy and as well as consumer goods. Supply is the amount of a good or service that is obtainable at a certain time to consumers. When we talk about consumers, they reveal attention in buying a good or service, exhaust available supply, the when that happens the demand will certainly rise. Demand is a calculation of consumer wants and consumer spending on a particular good or service at a specific price. As the demand increases,…

best. We have to remember that businesses are still profit maximizing entities, thus such philanthropy exists to make the customers feel that their purchases are making a difference. This, consequently, increases the satisfaction received by the consumers, leading to increase in quantity of shoes sold. This can also be seen in an indifference diagram, change in preferences would shift the Indifference curve in such a way which would increase the consumption of shoes. More purchases lead to…

(Lunardo, Roux and Chaney, 2016). Marketers use servicescapes as a way to construct a wholesome consumer experience, but also to impact consumer’s behavior (Andersson et al., 2012). Consumer Behaviour is best described as the way people feel, think and motivate themselves towards a range of brands, retailers and products. Such was the description that Perner, L (2016) had to offer in his explanation of consumer behavior. Turley and…

Have you ever wonder why people purchase certain products? Some consumers want to demonstrate superiority when it comes to self and products. Spending money on product is part of our economic. In this paper, we will discuss conspicuous consumptions and we will attempt to explain what conspicuous consumptions is and how it is important for marketers to understand why consumers purchase luxury items. In explanation of luxury. Luxury according to Ghoas and Vashney (2013) luxury is refer to…