Five Situational Influences Have an Impact on a Consumer's Purchase

question 323

Multiple Choice

Five situational influences have an impact on a consumer's purchase decision process. They are purchase task, social surroundings, physical surroundings, __________, and antecedent states.

• A)competitive offerings
• B)core values
• C)motivation
• D)temporal effects
• E)economic effects

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Definitions:

Group Incentive

A reward system where a team of employees is financially compensated based on the achievement of certain predefined targets or goals.

Employee Stock Ownership Plan

A program that grants employees ownership interest in the company, typically through the allocation of stock.

Votes By Shareholders

The action of shareholders exercising their rights to vote on corporate matters, such as electing directors or approving mergers.

Stock Options

Financial incentives offered to employees, providing them the right to purchase company stock at a set price for a specific time period.