(Gt00803) Individual Front Page Sample
(Gt00803) Individual Front Page Sample
(Gt00803) Individual Front Page Sample
INTERNATIONAL
FINANCE
FAKULTI KEWANGAN
ANTARABANGSA
LABUAN
JALAN SUNGAI PAGAR, 87000 FT. LABUAN
TEL (0): (+60)87-460486 / 466719
INDIVIDUAL REPORT
ARTICLE TITLE(S):
FINANCE
LECTURER NAME: DR ALESIA SIGANG GUGKANG
Consumer choices are also influenced by fear appeal and changes in consumer
behaviour. COVID-19 and its effects have caused fear, anxiety, and concern in people all
over the world, according to studies, and have become one of the most important factors
affecting their health and well-being. In addition, several studies have found that the
prevalence of fear symptoms in the general population is related to age. Fear-based appeals
will form a strong bond with purchases of specific products. According to this study, fear of
COVID-19 and its complete eradication has had a significant impact on the populations of
many countries by 2020. Community purchasing behaviour is influenced by critical coverage
in the mainstream media, social media, peer-to-peer recommendations, and peer-to-peer
comparison shopping. We believe that the COVID-19 pandemic has increased awareness of
not only physical well-being and employment but also access to resources necessary to meet
basic human needs.
(505 words)
References
Eger, L., Komárková, L., Egerová, D., & Mičík, M. (2021). The Effect of COVID-19 on
Consumer Shopping Behaviour: Generational Cohort Perspective. Journal of Retailing
and Consumer Services. Vol. 61, 102542
E-commerce is the purchase and sale of goods and services over the internet or other
open networks. The epidemic has already begun, according to industry analysts and surveys
questionnaires, hastening the pre-crisis trend toward e-commerce. Based on consumer
behaviour, this article examined how consumers used E-commerce before, during, and after a
COVID-19 lockdown.
Then, during COVID-19, they began copying each other's purchasing habits.
Researchers discovered that participants' shopping habits were similar during COVID-19.
During the Sars outbreak, for example, people in Hong Kong used social media to buy hand
sanitizers and cleaning supplies, as well as basic items like oil, grains, meat, vegetables, and
fish. Cognitively focused coping activities concentrate on the individual's own feelings and
emotions. During the coping phase, users can order self-care and health products, as well as
solution-focused products that allow them to focus on themselves.
At last, during COVID-19, online adaptive purchasing behaviour was investigated.
As a result of "adapting to new living conditions," terrorist attacks, natural disasters, and
epidemics all-cause long-term behavioural changes and changes in how people live their
lives. The COVID-19 pandemic, closure, and social incarceration. As a result of the move,
which has disrupted shopping and shopping practices, consumers have been encouraged to
try new channels and develop new habits. Most shoppers will find online shopping and home
delivery to be both convenient and cost-effective, as well as to avoid the stress of new
grocery store hygiene rules and regulations. As a result of recent behavioral changes because
of an outbreak, previously undetected online user recruitment could occur.
In conclusion, online consumers got benefit from online shopping because it gives
them more knowledge and advantages to compare several products with prices, as well as the
convenience and ease of finding the needed product.
(484 words)
References
Guthrie, C., Fosso-Wamba, S., & Arnaud, J. B. (2021). Online Consumer Resilience During
a Pandemic: An Exploratory Study of e-commerce Behavior Before, During and After a
COVID-19 lockdown. Journal of Retailing and Consumer Services. Vol. 61, 102570
Comparison
These two articles differ in several ways, which I summarize based on my knowledge.
Starting with the introduction, the goal of this comparison is to highlight the differences
between these two articles. The knowledge that I use is to show what I noticed after reading
the summary of both articles.
Both articles talk about how people shop online. Many consumers are opting to
purchase items online because of the epidemic. It will make it easier for users to obtain basic
needs, in addition to saving time. Ecommerce websites, unlike many other offline stores, are
open 24 hours a day. Customers can access information about services, browse products, and
place orders at any time. In this regard, online purchases are very convenient and
provide users with more control. Additionally, those who live in more rural areas can afford
it. Consumers were able to examine their purchasing habits while also benefiting. They
haven't used any of these services before. For example, some customers have switched to
online shopping and are reaping the benefits. There are options for cashless payments, free
shipping, and store delivery. The government had not anticipated the rule's implementation,
according to the article's author, and social distancing centers will have a significant impact
on consumers' previous preferred shopping channels. (Pantano et al., 2020). Consequently,
even if the price is low and reasonable, we as consumers must learn to limit our expenses
while shopping. This may reduce the risk of consumers developing a hedonistic shopping
habit to some extent.
Then, it is critical to consider both age diversity and shopping habits. The
transformation from traditional to online methodologies Brands can continue to reach
consumers without the use of middlemen, resulting in higher margins for industry players.
(Dr.M.Vidya & Dr.P.Selvamani, 2019). Each generation appears to have its own
relationship with the brand, as well as distinct purchasing objectives. Regardless of their
differences, each cohort seeks security and dependability, as well as straightforward
commercial products and open marketing. When it comes to shopping and purchasing, each
generation has a different relationship with the brand and different goals. Each generation
seeks payment security, easy brand interaction, and transparent marketing, regardless of their
differences. (National Retail Federation, 2020).
All in all, both articles mention e-commerce in some way, and each has its own set of
strengths. As far as I can tell, article 1 discusses more specifics about attitudes, self-emotions,
and the generation of differentiation in how people react during COVID-19. In the meantime,
article 2 gives insight into their habits to address the new norms.