Question: Why do Filipinos buy imported products?

What causes most Filipinos to buy products?

Filipino consumers behave in a certain manner when it comes to purchasing products in the market. The top reasons that influence the purchases of Filipino consumers include brand loyalty, media exposure, and the value of money. Online shopping has also emerged as a new trend among shoppers.

Do Filipinos prefer imported products rather than local ones?

MANILA, Philippines—Filipinos prefer global brands over their local counterparts, according to the latest findings of Kantar Worldpanel’s Brand Footprint 2018. Local brands in the top 50 comprised only 28% in spend share, as compared to global brands which got 72%.

What are the factors that influence consumer behavior in the Philippines?

The Filipino buying behavior is influenced by various factors such as family, friends, relatives, and colleagues. Over the years, this buying behavior was already affected by modern philosophy as influenced by Asians, Americans and Europeans, and the like.

What are some reasons consumers prefer overseas products over locally made ones?

The reasons are not far fetched, they believe that foreign goods are more superior in terms of quality, durability and sometimes cheaper when compared to locally made ones. Moreover the consumption of foreign goods is taken as a status symbol for the elite and affluent consumers.

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Would you choose local products over products from these foreign companies why?

I will choose local products over products from these foreign companies because by buying the local products the money remains in our country whereas buying the foreign products the money is sent there in fireign countries. If our money remains in our own country then it will be easily developing.

Why do you think certain products are made in the Philippines and in other countries?

Filipinos are known to be hardworking and very thorough in their work which is why many international companies build factories and assembly plants in the country. This boosts employment and also Filipino pride that there are products out there that have the label, “Made in the Philippines.”

What are the 5 factors influencing consumer behavior?

These factors are namely Psychological, Social, Cultural, Personal, and Economic factors.

  • Psychological Factors. …
  • Social Factors. …
  • Cultural factors. …
  • Personal Factors. …
  • Economic Factors.

What are the 4 factors that influence consumer behavior?

In general, there are four factors that influence consumer behaviour. These factors impact whether or not your target customer buys your product. They are cultural, social, personal and psychological.