Which of the Following Is an Example of a Social

question 82

Multiple Choice

Which of the following is an example of a social influence on consumer behavior?

• A) The fashion editor of Seventeen magazine writes that any teen who wants to be considered 'in' with the times must wear a shirt that shows her bellybutton.
• B) The manufacturer of a line of aromatherapy candles markets them at very exclusive stores.
• C) Ernie decides to buy a new dress for Easter, but decides not to buy anything because the store was overcrowded.
• D) Billie purchases a pair of Honey brand clogs instead of the Birkenstocks because the Birkenstocks were too expensive.

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Definitions:

Economic Means

The methods or resources available for achieving economic objectives, such as wealth accumulation or resource allocation.

Ceteris Paribus

A Latin phrase meaning "all other things being equal," used to analyze the effect of one variable on another by holding all other relevant factors constant.

Other Things Equal

A Latin term (ceteris paribus) used in economics to signify examining the effect of one changing factor when all other factors remain constant.

Normative Economic Statement

An opinion or judgment that reflects values or what ought to be, rather than factual claims about what is.