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Business and Consumer Society - Essay Example

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Name: Course: Tutor: Date: Business Consumer society mostly depends on what is available for the public than what the firm will acquire and at the same time plan. Consumer ethics is a factor that has a hand in future consumer society. Ethics plays a crucial role in ensuring that consumers get the best favorable conditions for operation…
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Download file to see previous pages When the consumer buys and consumes more, he has wealth and satisfied, than producing more of what he cannot fully utilized. It is advantageous to create more employment, give skills and knowledge to consumers to be independent. This will create more producers and universal employment. Building projects on consumer’s choices reduce the expected targets, therefore, investing on the production of skilled and knowledgeable consumers leads to more production and sustainability (Bauman 203). When there is adequate disposal of consumer choices, the consumer will have more variety of products. The same to the producers, when they have a variety of products targeting all range of consumers, the producers will have a wide range of consumers who utilize their produce. For example, when a food processing company produces a variety of food products, like margarine, peanut, cooking fat, and honey, it targets a wide range of consumers. The consumers who do not use honey may opt for peanut. It is difficult to plan for the consumer products that one has not yet acquired. When one plans, for what has not acquired, he may run short on the targeted budget. So it is advisable to create consumer products that target all the wide range of consumers’ needs. ...
Though it is a good business, there was no immediate market for the produce. The firm ended up closing down because there was no market for the animal feeds. The firm ran at an enormous loss. Therefore, before putting up a business, take time to study the market and the favorable conditions for business. Demand for consumer products plays a leading role in the consumer products. Sufficient markets for the products reduce the wastage of consumer products. Demand for consumer products helps in the acquisition, the distribution and the use of these consumer goods. With sufficient demand of the consumer goods, there will be the adequate equitable of the consumer goods. This will make the producers produce be utilized by the consumers (Bauman 219). Creating demand for products enables the sustainability and specialization in the economy. The producers will have their market where they sell their products and consumers will get the products they need (Bauman 67). The producers should create market for the products they are producing for the already existing market they have created. This will enhance equitable in the products produced, and development in the resources produced. Resources is fully utilized when the demand for the finished products is available, reducing the wastage of finished goods and services. All the targeted consumers will receive the products of their choice. This leads to specialization enhancing development of other sectors in the economy. Therefore, it is advisable take time and knows ones demand and the markets. When the market has been known, selling and buying of consumer products will be easily and successful. This will enhance full ...Download file to see next pagesRead More
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