In Which of the Following Ways Are Consumers Influenced by Reference

question 29

Multiple Choice

In which of the following ways are consumers influenced by reference groups?

• A)Norms of reference groups do not constrain consumer behavior.
• B)Consumers are prohibited from dissociating themselves from reference groups.
• C)Consumers use the same criteria as their reference groups to make their own consumer decisions.
• D)Consumers are influenced only by the reference groups to which they belong.

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Definitions:

Securities

Financial instruments representing ownership (stocks), a creditor relationship with a government or corporation (bonds), or other rights to ownership or profit.

Open Market

A marketplace that is open to all participants, where buyers and sellers engage in trade without significant restrictions or regulations.

Interest Rates

The percentage of a sum of money charged for its use, often expressed annually.

Excess Reserves

The amount of reserves that a bank holds beyond the required minimum set by the central bank or regulatory authority.