Answer to Question #310521 in Management for Asataluli

Question

How changing lifestyles and attitudes affect retail business industry?

Answer 1

If the lifestyles of customers improves, they tend to change the taste of goods and services they have been using and purchase items of their choice for maximum satisfaction. Therefore, the retail business industry is compelled to produce high quality products and improve their services or else they may lose their customers. Additionally, attitudes affect the business industry when customers like or dislike certain products. If the product is disliked or has a poor rating, the business will make a loss so the business owner must up his game to meet customer satisfaction.