Reflection 5 Research Paper Example | Topics and Well Written Essays - 500 words

Reflection 5 - Research Paper Example There are however industries/businesses that will be immediately and severely affected with this crisis. In particular, banks will be the first hit because they adopt a cautionary stance in lending out money because they are uncertain if borrowers can repay given the current dismal economic condition. Second is the housing industry. A home is the single largest investment that an individual will make and it is very unlikely that an individual will make his or her largest investment during a crisis. Without a market or having a market that is overly cautious, housing industry will surely contract. Third are the manufacturing companies who needs infusion of capital to finance its fix assets for expansion. As lending institutions are in doubt of the economy’s future, they will be heistant to lend money to industries. The manufacturing industry in effect will not have enough funds to finance its expansion resulting for it to contract. 2. Giving the current trend both in the US and Canada where consumers eating habits are changing, both food manufacturers and grocery stores has to adjust. For food manufacturers, they have to realize the increasing preference of consumers towards discounts and buying in scale to save money. Such, they may want to reconsider their packaging that would accommodate the increasing preference for scale and value. For grocery stores, they now have to reconfigure their service to include delivery as consumers now are preferring to have their groceries delivered to save on gas. 3. There is an increasing trend for consumers to use social media. Research showed that adults spend at least six hours per week in social media and this would continue in the future. Such, marketers may want to adjust their marketing plans and diversify to non-traditional media such as social media (facebook, twitter, etch) to capture the market to are frequenting these sites. Also the trend in technology purchases such as smartphones may