• Consumers demand a higher standard of hygiene in retail and food outlets, as they are now aware of the link between poor hygiene and illness.
• The increase in the number and variety of retail outlets has led to pricing competition, and more discount shops lead to price wars, e.g. Lidl and Aldi vs. Dunnes and SuperValu.
• Consumers are much more aware of their rights and the need to shop around for value for money.
• The retail and food industry have adapted products to cater for the variety of cultures living in Ireland.
Discovery Learning
Find out why debit and credit cards have gained in popularity over cash and cheques when compared to the past.
Paying for goods and services You can pay for goods and services in a variety of ways. Method
Advantages Cash • Quick and easy to use 26.6
Disadvantages
• Not convenient for very expensive items
• May be lost or stolen
Cheque
• Safe and convenient • Filled-in stub acts as proof of purchase
• Useful for postal payment Debit card
• Quick and easy to use • Flexible • Cash back available in some shops • PIN or contactless payment methods • Payment taken directly from your account within 1–3 days
• You need a bank account
• Can be easy to overspend
• Bank charges apply
• You have to pay bank and
government charges Discovery
Learning Can you find out what the letters PIN and ATM stand for when using a debit or credit card?
