Challenges facing consumers in the UK Essay Example | Topics and Well Written Essays - 1500 words

Challenges facing consumers in the UK - Essay Example Consumers in the UK are often faced with a number of challenges.The challenges are due to a rise in energy prices,rise in housing,horse meat scandal,and unhealthy competition.Competition is the essence of life but more often,in competition,the market would always want to take advantage of consumers lest the consumers be protected from exploitation This is why competition laws are instituted. Competition laws are about applying the law to ensure that there is an healthy competition between companies without interference with each other’s rights (Whish, & Bailey, 2012). The competition laws are also healthy because they protect the customer or consumers from harmful behaviors of ill mannered companies (Monti, 2007). Competition laws are fields of interests because they aid in creating a wide variety of choices for consumers that it widens consumers’ options, it encourages efficiency and enterprise, and it also helps in the reduction of prices and improvement of quality. H ousing is a major setback to the citizens of UK. The value of houses is high for the common citizens. However, there are individuals and companies that have come up to set houses for rentals. These have created competition that is bringing competition. Competition helps in pushing for low prices that make goods and services accessible to all. This ensures that virtually everybody can get access to good housing thus an improvement in peoples’ livelihood (Cseres, 2005). ... For companies to get good market share, they have to ensure that their products are of good quality. This is the one of the ways that a business can gain competitive advantage over their competitors. In this respect, better quality of goods and services could mean that companies would bring products that can last longer or serve their customers in a better way (Kokkoris, & Lianos, 2010). This could also mean better after-sale services, and a general friendly customer service. This would mean that customers are treated with respect and it also mean that customers are treated as ends in themselves but not as mere means of getting profits. Oil companies have been facing a number of challenges further transferring their costs and challenges to the final consumers. Putting competition laws into perspective also ensures that companies offer more choices to the market (Agnew, 1985). This means that companies would come with different options and different unique products which can meet the needs of their target market in an efficient way than the rest of the offers available in the market. Companies strive to meet these demands to command the market while offering better services with reasonable balanced prices (Zimmer, 2012). In order to maintain such standards as to deliver varied choices, a company has to be innovative so as to remain relevant to time and choices (Jones, & Sufrin, 2007). Innovation implies that companies constantly produce better products, their designs have to be improved, and products services and business techniques have to be appealing to the consumers (Henning-Bodewig, 2006). Better competition also helps in training business to remain relevant to the global economy and competitions.

The influence factors that affect to the Thai consumers' decision on Dissertation

The influence factors that affect to the Thai consumers' decision on online shopping - Dissertation Example 2). Customers are seen as kings in their own accord as their behaviors in purchases are dependent on the treatment given by sellers. Moreover customers preferences and needs influence the suppliers production practices in that suppliers would not supply the goods that have lower reception within the market and thus customers say proves supreme. The supremacy of the consumers is not only explained through the fact that it is through the ‘consumer’ that the producers remain in business and make their gains. As a king is special in how he is to be handled, a customers in a like manner requires proper treatment in order to sustain them. Online customers require treating well through good treatment in order to retain them for their own benefits or that of the suppliers. Despite the emergence and embrace of online trading avenues as discussed above, there are ongoing debates concerning the effectiveness of online practices as compared to the physical retail trade. The supporte rs of physical shopping reason that shopping from physical outlets is easy and entails little logistics as compared to the internet buying. Online shopping or trade is highly acknowledged from the spheres of debate that it provides a customer with an opportunity to access easily and exchange notes on various products in order to make informed decisions. Besides, time and resources are saved over the internet as one would access the items from the comfort of own office. Cultural orientation, proficiency in internet use as well as institutional frameworks would best explain the factors that influence personal decision to engage in online trade. This paper focuses critically on reasons and factors that influence the people of Thailand to engage in online trade through special attention on influencing factors such as level of literacy, awareness campaigns, cultural values as well as government policies. Besides, the experience in using online shopping means by the Thai people would be i nstrumental in influencing the current as well as future tendencies in shopping from internet. For instance, fast moving beauty products for the women or female genders may record better reception as compared to other products for the opposite gender. Much of the past studies that have addressed the topic of online shopping and factors that influence the decisions have confined much attention to the risks perceived while engaging in online purchasing habits. Emphases have been that the risks as identified all over the world go a long way in influencing the decisions as well as behaviors of consumers through online purchasing. However, a new dimension of looking to the online shopping is through considering the benefits that come with the practice. The world has increasingly been embracing technological advancement especially concerning internet use through diversified platforms such as through computer systems as well as through mobile telephones. This in effect has been claimed to have influence on perceptions of individuals concerning online business transactions. This study therefore focuses on and considers main factors of consumers’ decision on online shopping as regards to the people of Thailand. It will show the problem for applying the result to solve problem with Thailand’s online shopping system for improvement and development in the future. However, the question that will guide our study is ‘what influence factors affect the Thai consumers’