Consumer Behavior

Alica Denise D. CastilloAIS 311- Dr. Rabe 070523January 28, 2010 Statement of Need Philippines is one of the countries that is experiencing a negative impact from the world(a) financial crisis started almost about five years ago. international financial crisis can be considered as a phenomenon that kick downd to the unsuccessful person of key businesses, the decline in consumer wealth estimated in the trillions of U.S. dollars, the real(a) financial commitments incurred by governments, and a significant decline in stinting activity. ( financial Crisis of 2007-2010, Jan. 2010) To a very difficult situation, the condition of the Philippines becomes mop up because the global financial crisis adds up to the existing economic problems that the realm has, such: import-export imbalances, decline of the Philippine peso, and reliance on remittances. Since 2008, the prudence is already starting to contract. Government economic experts tell that economic growth would likely fall to 4.3 percent in the said year and 4.2 percent in 2009. This is a significant neutralize from the claimed 7.2 percent growth in the year 2007. (The Global Financial Crisis Impacts the Philippines, Oct.2008, par.5) While the Philippines managing these economic instabilities, number of challenges persist on its fond aspect.

The larger gap between rich and poor, an unequal regional development, increasing number of malnourished and out-of-school children, the rising of unemployment rate, and organisation issues like corruption, weak and inefficient state, and security problems all contribute to the sluggish progress of the country. The existence of these several issues that affect the mixer and economic condition of the Philippines suggest a need to deliberately explain to individual purchase-decision makers, such as: mothers, employed workers, and clams winners of the family, on how to manage their wants and needs properly and when to perform their get power and capability. By... If you want to get a full essay, exhibition it on our website: Ordercustompaper.com

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