Name the Five Situational Influences That Affect Our Purchase Decision

question 170

Essay

Name the five situational influences that affect our purchase decision processes.

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Definitions:

Legal

Pertaining to the law or the set of rules that are enforced through social institutions to govern behavior.

Dependents

Individuals who rely on another person, typically a family member, for financial support and are often considered for exemptions on income tax returns.

Insurance and Tax Purposes

Refers to the need for individuals and organizations to maintain financial records and policies for legal and fiscal responsibilities.

Professional Interactions

Exchanges or engagements between professionals that are governed by ethical standards, respect, and consideration for each other's roles.