-
Essay / Mcdonalds: Factors That Influence Consumer Behavior
The McDonald's marketing team constantly monitors the economy for the latest trends to reach consumers on many levels, including personal and financial. Product adjustments are made daily to meet the potential needs of present and future consumers. Understanding the factors that determine consumer perception/attitude towards the value or cost of a product is of crucial importance to an industry's product innovation, choice of marketing strategy and communication and maintaining competitive advantage (Sathyan,