Which of the Following Is Not a Social Factor That

question 98

Multiple Choice

Which of the following is not a social factor that would influence a consumer buyer's decision?

• A)Lifestyle
• B)Hobbies
• C)Marital status
• D)Culture
• E)Peer group

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Definitions:

Cash Payback Period

The cash payback period is the duration of time it takes for an investment to generate enough cash flow to recover its original cost.

Residual Value

The estimated salvage value of an asset at the end of its useful life.

Present Value Factors

Multipliers used to calculate the present value of a future amount of money or stream of cash flows.

Compound Interest

Interest calculated on the initial principal and also on the accumulated interest of previous periods.