In times of economic recession, consumers tend to do which of the following?
A)To accelerate spending, hoping that the recession will end
B)To postpone spending and/or become more cost conscious
C)To postpone spending and/or buy mainly commodity items
D)To accelerate spending, looking for value for money items

Question

Quizplus · Accepted Answer

In times of economic recession, consumers tend to become more cost-conscious and tend to postpone spending. This is because they are worried about job security and their financial situation. As a result, they tend to prioritize their spending and buy only what is necessary. Additionally, they tend to look for deals and discounts in order to save money.

In Times of Economic Recession, Consumers Tend to Do Which