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¶ … Shopping literally means giving some of your income for something that you want to possess. The medium of acquisition can range from cash to check book to credit card or to substituting something of value that you possess to something that the vendor will accept in exchange for the article.
The location too varies from the conventional shop / supermarket to a vendor or, nowadays, to online shopping. Shopping too can be done via the mail through catalogues; some say shopping can be achieved over the phone, too. The end-product also varies from something as complex as a computer or vehicle or house to shopping around for a type of service or labor. In the end, it means buying something from another. Some people shop only for products / services that they need whilst others enjoy shopping for the thrill of doing so accumulating seemingly unnecessary items. Either way, the motive of shopping is to fulfill a certain need. Shopping is also called consumerism in economic terms. Browsing different websites over the Internet and running a search to select the cheapest item of that category
Shopping strategies include the following:
1. Making a list
2. Discussing with others and/or deciding whether one really does need / want the item
3. Evaluating competitive stores / services to select one's target choice
5. Consulting the Better Business Bureau (or one's Attorney General) to verify the reliability of a certain business.
6. Asking for recommendations from others
7. Then propose how you plan to gather further information. For shopping strategies
8. Acquiring couponing / voucher strategies
Who will you talk to/interview?
Depending on what I will buy, I may consult the Better Business Bureau (or one's Attorney General) to verify the reliability of a certain business.
What will you read?
I may read relevant Consumer Reports (both online or offline) or trade catalogues -- again depending on what I am going to buy. If I intend to use coupons, another strategy will be to learn how to clip and save coupons as well as how to use them. I may seek books / articles on the subject.
Define and describe ideas for observation and documentation
Taking the subject of coupons which is a subject unto itself, I will look for in-store catalogues and their special incentives. I will ask storekeepers; I will observe the…
Describe a hoped for outcome - Include an existing business or service that is similar or analogous to your ideas.
The hoped for outcome is that I become a savvy shopper, refraining from buying on impulse, buying wise and enduring purchases that are both quality and cheap and saving money over the long haul.
An existing business that is similar to my idea may be the Division of Consumer & Business Education (Federal Trade Commission http://www.ftc.gov/bcp/bcpocbe.shtm) which serves to give consumers the tools they need to make informed decisions. This is not so much a business as a service / agency. There is also the BBB and then there are games and books on consumer education (see Amazon.com for instance.)
When searching for an item, the website will be designed in such a way that it will suggest some similar items for customer with different color, size, prints and designs. Similarly, the website will be designed to create a unique user profile, and the more customers log in, the more accurate the website will create their profiles. In their profile, customers will provide information on the items they like
It is not only the shoppers who are satisfied but mall tenants as well. In view of challenges facing shopping centers, there are several factors noted in contribution of intense and competitive environment within which shopping center managers operate. Some of these factors include overcapacity of shopping center and retail space, overlapping of merchandise offerings by different retailer formats and changing consumer lifestyle. In addition, modernization and evolution of technology
Shopping online has many benefits and advantages as compared to going to an actual store. One of the biggest advantages is that you can see many different products in much less time (Prussakov & Kaushik 2008). However, with the benefit of so many online stores comes some apprehension. There are literally tens of thousands of online shopping sites -- with more being added every single day (Lynn 2006). With the
Shopping Hudson, K. And Zimmerman, A. (June 27, 2007). Big Boxes Aim to Speed Up Shopping. The Wall Street Journal. Retrieved from: http://online.wsj.com/article/SB118291052567149558.html Over the past several decades, retail automation has continued to advance. Self-checkout will become more commonplace, and consumers are increasingly becoming used to checking and bagging their own items. There is, however, a considerable debate regarding the merits of self-checkout. One side, the merits seem endless: efficiency, time savings, convenience,
Strategy Theory and Actual Strategies Being Used in Small Insurance Companies Ask any layman on the street what they think about insurance companies and the answer will invariably be negative. Consumers, by and large, view insurance companies with disdain. It is a business that sits among other necessary, yet not always understood businesses, therefore when the economy began to slump very few people had sympathy for the struggles the small
Addictive Virus" -- later to become the thirteenth chapter of their bestselling book Affluenza -- John De Graaf, David Wann, and Thomas H. Naylor engage in a highly rhetorical comparison of addictive shopping to physical addictions such as alcoholism and drug addiction and behavioral addictions like compulsive gambling. It becomes clear shortly into their paper that their purpose is largely alarmist and moralistic, rather than medically or therapeutically intended: