A Buyer's Decisions Are Influenced by ________ Such as the Buyer's

question 50

Multiple Choice

A buyer's decisions are influenced by ________ such as the buyer's age and life-cycle stage,occupation,economic situation,lifestyle,personality and self-concept.

• A)personal characteristics
• B)reference groups
• C)perceptions
• D)attitudes
• E)psychographics

---

Definitions:

Outward Shift

An increase in the potential output of an economy, often represented by an outward movement on a graph.

Productive Resources

Inputs used in the production of goods and services, including land, labor, and capital.

Average Number

A mathematical figure representing the central or typical value in a set of data, calculated as the sum of all values divided by the count of values.

Production Possibilities Curve

A graphical representation showing the maximum number of goods or services that can be produced efficiently with available resources and technology.