Family, Social Class, Reference Groups, and Culture Are the Psychological

question 10

True/False

Family, social class, reference groups, and culture are the psychological variables that affect a consumer's buying decisions.

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Definitions:

Economic Conservatism

A political and economic ideology that advocates for free market policies, limited government intervention, and fiscal restraint to encourage economic growth.

World War II

A global military conflict that lasted from 1939 to 1945, involving most of the world's nations including all of the great powers, eventually forming two opposing military alliances: the Allies and the Axis.

Fifth Freedom

A term coined during World War II representing the freedom to access resources; it extends the Four Freedoms President Franklin D. Roosevelt spoke of.

Political Conservatism

A political and social philosophy promoting traditional institutions, limited government, and a free-market economy.