Consumer Behavior That Results from Consumer Socialization, Passage Through the Family

question 65

Multiple Choice

Consumer behavior that results from consumer socialization, passage through the family life cycle, and decision making within the family or household is referred to as __________ influence.

• A)psychographic
• B)demographic
• C)family
• D)reference group
• E)personal

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Definitions:

Rule of Law

The principle that all individuals, entities, and government are accountable to laws that are publicly promulgated, equally enforced, and independently adjudicated.

Confiscated

Property that has been taken away from its owner by a governmental authority as a penalty or for regulatory reasons.

Transactional Risks

The potential for financial loss that a company faces when engaging in business transactions, especially in foreign markets.

Customary Law

Laws derived from experience, practice, collective wisdom, and shared philosophy to set the boundaries and rights that define relationships between community members.