Personal Factors That Influence Consumer Behavior Include Individual Needs and Motives,perceptions,attitudes,learned

question 112

True/False

Personal factors that influence consumer behavior include individual needs and motives,perceptions,attitudes,learned experiences,and self-concept.

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Definitions:

Competitive Environment

The dynamic external system in which businesses compete against each other for market share and profitability.

Legal/Regulatory Environment

The framework of laws, regulations, and guidelines in which a business operates.

Sociocultural Environment

The environment that encompasses social and cultural factors which influence the behavior, beliefs, and practices of individuals within a society.

Identifiable Influences

Factors or circumstances that can be recognized and have an impact on outcomes or behaviors.