Taxi,
Cab and transport types of services in the United Kingdom has become highly
competitive and operators of various networks are have adopted strategies which
will enable them remain in business and also gain competitive advantage over
their competitors. The choice of a particular network by a customer may depend
on these strategies the companies adopt.
International
clients and executive clients see a taxi cab services as a necessity therefore
constitute a large market for the cab services provider companies is essential.
Consumer behavior focuses on how individuals go about making decisions on how
to spend their money on transport related businesses which includes for what
they purpose they use, why they use, when they wanted to use, from where they
use and how often they buy them. The area of Wokingham in United Kingdom is
essential for taxi business. Hence, company that is able to give answers to
these questions gains an advantage over less aware competitors. It will enable
them to fit their product and service offerings to the consumer more closely
and therefore to satisfy the consumers need more fully than other competitors.
It will also help the marketer to know how their marketing variables, e.g.
marketing mix variables, will affect buying behavior.
Cultural
factors are external factors that impact a consumer. It is defined as norms, beliefs, and customs
that are learned from society and lead to common pattern of behavior. Since
culture is shared between social groups and is passed on from one individual to
the other, there are certain influences and preferences of that cultural group
which affect the behavior of an individual when buying a product or a service.
The shared element of a culture is normally inculcated in an individual from
birth. This means that a person is conditioned by his cultural group to prefer
certain items over another. It can also dictate what he wants or what he should
have. So, in this regard it’s essential that taxi businesses should need to
understand from which culture passengers are available according to specific
areas of Wokingham. Overall it’s important to focus on revenue generation
strategy for businesses with quality services either it’s transport service provider
or any other.
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