How might firms cope with the dynamics of the situation

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Reference no: EM133550305

Homework: Interviewing Consumers

Purpose:
The purpose of this homework is to get you to focus on the dynamic nature of consumer behavior.

Content Instructions:

I. Interview at least one consumer from each of the following age groups: 10-15 years old, 20-29 years old, 35-45 years old, and over 55 years old.

II. Ask the consumers for their preferred method of communicating: (i) friends, (ii) family, and (iii) businesses. Also, ask them what types of products they use to communicate with friends and family.

III. Address the following questions in your response:

Question 1. Do the results suggest that they derive value from all communication technologies to the same degree, or do they use different technologies to communicate?

Question 2. Do you think the answers would be the same if you were dealing with consumers from Europe, Mexico, or Japan?

Question 3. How might firms cope with the dynamics of this situation?

Reference no: EM133550305

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