Seeking for cheaper products in a growing number of businesses
According to the joint study of Boston Consulting Group (BCG) and GfK Hugária; Hungarians adapts to the economical crisis a special way, so the Hungarian market, therefore, should be managed differently by the merchants.
In the more developed Western countries, customers are mostly looking for the cheaper products, and a large number of companies used this well. In contrast, in Hungary the decrease in demands affected all kind of products. According to experts, the Hungarian consumers had much smaller savings before the crisis, so they are much more existentially threatened, than the customers of Western Europe – reports Világgazdaság Online.
Related news
Related news
Sharp price competition and challenges in the Hungarian food industry
Serious price competition has developed on the Hungarian food market,…
Read more >Hungarian customers want a stress-free Christmas: they shop online in advance and spend over HUF 100,000 on gifts
Hungarians plan to spend more than HUF 100,000 on Christmas…
Read more >The rise in food prices has fallen, and no significant increase in prices is expected until the end of the year
In the past two years, consumers in Hungary experienced a…
Read more >