Key Findings
As part of Qualtrics XM Institute’s 2023 Global Consumer Study, we asked 28,600 consumers if they had a choice of companies to buy from, which two options they would choose of five: one that (1) offers very good products/services, (2) offers very good customer support, (3) offers low prices, (4) does good things for society, or (5) has an easy-to-use website/mobile app. From our analysis, we learned that:
- Consumers prioritize product quality. In all countries, when given a choice, consumers have the strongest preference to buy from companies that have good products/services. This preference is strongest amongst Japanese consumers and weakest for New Zealanders.
- Consumers want to be treated well. Good customer service support is the second-strongest global priority. High-income consumers have the highest propensity to buy from a company with good customer service, while low-income consumers have the lowest.
- Younger consumers care about easy digital experiences. Consumers under the age of 35 are more likely to buy from companies with an easy-to-use website/mobile app compared to their older peers. Young people are more likely to prioritize digital ease over a company that does good things for society.
- Societal good ranges in importance. Globally, consumers are least likely to prioritize buying from a company that does good things for society. Canadians are least likely to buy with consideration for societal good, while Emirati consumers are most likely to do so.
Figures
Here are the figures in this Data Snapshot:
- Company Choice: by Age
- Company Choice: by Country (Part 1)
- Company Choice: by Country (Part 2)
- Company Choice: Argentina
- Company Choice: Australia
- Company Choice: Brazil
- Company Choice: Canada
- Company Choice: Colombia
- Company Choice: China
- Company Choice: Finland
- Company Choice: France
- Company Choice: Germany
- Company Choice: Hong Kong
- Company Choice: India
- Company Choice: Indonesia
- Company Choice: Italy
- Company Choice: Japan
- Company Choice: Mexico
- Company Choice: Netherlands
- Company Choice: New Zealand
- Company Choice: Philippines
- Company Choice: Singapore
- Company Choice: South Korea
- Company Choice: Spain
- Company Choice: Sweden
- Company Choice: Thailand
- Company Choice: United Arab Emirates
- Company Choice: United Kingdom
- Company Choice: United States
- Methodology