human
Help me understand how consumer behaviors have changed in the past decade.
assistant
In the past decade, consumer behaviors have shifted significantly due to the introduction of globalization, digitalization, and new technologies. Consumers now have access to more information and choices than ever before, allowing them to make more informed decisions about the products and services they buy. This has resulted in consumers becoming more cost and quality conscious, and more likely to purchase from companies that offer convenience, value, and personalized services. Additionally, ecommerce and mobile applications have become increasingly popular, allowing consumers to shop from anywhere and anytime. Social media has also dramatically changed how consumers discover and purchase products and services, as well as how companies market their products to consumers. Finally, trends such as the rise of subscription services, online payment systems, and creative financing strategies have transformed the way consumers interact with businesses and purchase goods and services.