A Literature Study: Behavioural Changes in Consumers with Response to Economic Crisis

Mr. Mohammad Faheem; Dr. Deepak Kumar

A Literature Study: Behavioural Changes in Consumers with Response to Economic Crisis

May 2021

Vol-4, Issue-1

Paper ID: 14306

ISSN: 2395-4396

Downloads: 0

Abstract & Details

Research Area

commerce

Keywords

Financial Crisis Buying Behavior Behavioural Change Economic Crisis Consumer.

Abstract

There is nothing new about the fact that all companies are running the race to know the buying patterns of consumers in the present times, to gain greater market share and hence, competitive advantage. But what happens in the course of an economic crisis like an economic slowdown, or depression or even the loss in access to spendable income? This is when consumer behaviour changes and throws a curveball at marketers. Different crisis in the past have shown consumers adopting drastic changes to maintain self preservance and this is often done by cutting down purchases or deterring from the usual. The article discusses the impact of financial crisis on buyer behavior.

License

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Author Information

#	Name	Institute / Affiliation
1	Mr. Mohammad Faheem	Sri Satya Sai University of Technology & Medical Sciences, Sehore
2	Dr. Deepak Kumar	Dean, MBA, Sri Satya Sai University of Technology & Medical Sciences, Sehore

How to Cite

Use the following formats to cite this article in your research.

APA Style

Faheem, Mr. Mohammad & Kumar, Dr. Deepak (2021). A Literature Study: Behavioural Changes in Consumers with Response to Economic Crisis. International Journal of Advance Research and Innovative Ideas In Education, 4(1), 1402-1405.

MLA Style

Faheem, Mr. Mohammad, and Dr. Deepak Kumar. "A Literature Study: Behavioural Changes in Consumers with Response to Economic Crisis." International Journal of Advance Research and Innovative Ideas In Education, vol. 4, no. 1, 2021, pp. 1402-1405.

IEEE Style

Mr. Mohammad Faheem and Dr. Deepak Kumar, "A Literature Study: Behavioural Changes in Consumers with Response to Economic Crisis," International Journal of Advance Research and Innovative Ideas In Education, vol. 4, no. 1, pp. 1402-1405, 2021.

Vancouver Style

Faheem Mr. Mohammad, Kumar Dr. Deepak. A Literature Study: Behavioural Changes in Consumers with Response to Economic Crisis. International Journal of Advance Research and Innovative Ideas In Education. 2021;4(1):1402-1405.

Harvard Style

Faheem, Mr. Mohammad & Kumar, Dr. Deepak (2021) 'A Literature Study: Behavioural Changes in Consumers with Response to Economic Crisis', International Journal of Advance Research and Innovative Ideas In Education, 4(1), pp. 1402-1405.

Chicago Style

Faheem, Mr. Mohammad and Dr. Deepak Kumar. "A Literature Study: Behavioural Changes in Consumers with Response to Economic Crisis." International Journal of Advance Research and Innovative Ideas In Education 4, no. 1 (2021): 1402-1405.

Turabian Style

Faheem, Mr. Mohammad and Dr. Deepak Kumar. "A Literature Study: Behavioural Changes in Consumers with Response to Economic Crisis." International Journal of Advance Research and Innovative Ideas In Education 4, no. 1 (2021): 1402-1405.