How does technology affect consumer behavior in retail? 🔊
Technology affects consumer behavior in retail by providing shoppers with enhanced access to information, increased convenience, and personalized experiences. Through online shopping, mobile apps, and digital marketing, consumers can easily compare prices, read reviews, and receive tailored recommendations. Such technological advancements shift shopping preferences towards online platforms, influencing purchasing decisions and pushing retailers to adapt their strategies to meet evolving consumer expectations for speed and convenience.
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