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Essay Details:
Essay text:
Eigbty percent of
consumers categorised as 'panicked' are
more likely to trade down, compared with
just 34% of'placid'consumers. Inline
with this, only 33% of placid consumers
say they will eat out less frequently, while
even fewerthink they will stop shopping
for fun and pleasure.
Most consumers are increasingly price
sensitive, with 73% paying more attention
to the price of tbe grocery products they
are buying. The research also found that
70% of consumers are searching the
internet for cheaper prices, choosing
products on the basis of special offers, and
using coupons and vouchers...
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