While Making Purchasing Decisions, Consumers May Be Influenced by _____

question 94

Multiple Choice

While making purchasing decisions, consumers may be influenced by _____ factors which include physical surroundings or a buyer's mood and condition.

• A) institutional
• B) social
• C) psychological
• D) situational

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Definitions:

Equipment

Tangible property or tools that are used in the process of producing goods or providing services.

Bankruptcy Trustee

An appointed individual responsible for managing the estate of a debtor during bankruptcy proceedings, including assets distribution to creditors.

Security Interest

An enforceable legal claim or lien on collateral that has been pledged, usually to obtain a loan, ensuring the right to seize said collateral if the loan is not repaid.

Antecedent Debt

Obligations or debts that exist before a particular agreement or transaction.