Which of the Following Is a Social Factor That Influences

question 1

Multiple Choice

Which of the following is a social factor that influences buying behavior?

• A)Regulatory forces
• B)Reference groups
• C)Competitive forces
• D)Interest groups
• E)Economic forces

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Definitions:

Market

A system or place where buyers and sellers interact to trade goods, services, or assets.

Legally Purchase

Refers to buying goods or services in accordance with the law.

Internet Shopping

The act of purchasing goods or services via the internet through online retailers and marketplaces.

Competitive Market

A market structure characterized by many buyers and sellers, such that no single entity can dictate prices or terms of sale.