Which of the following is an impact of the Great Recession on retailing trends?
A) economic shift toward higher prices
B) lower costs for retailers
C) tighter consumer spending patterns
D) longer retail life cycles
E) prohibition on new retail forms

Question

Quizplus · Accepted Answer

The Great Recession led to tighter consumer spending patterns as people became more cautious with their money and prioritized their spending.

Answer: D
 As a result of tighter consumer spending patterns during the Great Recession, retail life cycles became longer as people held onto their products for a longer period of time. This meant retailers had to adapt to this trend and adjust their strategies accordingly.

Therefore, the correct choices are C and D.

Which of the Following Is an Impact of the Great