ECONOMICS
DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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sustainable use of resources
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cheapest price
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animal welfare
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recycling
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Detailed explanation-1: -When it comes to the psychological factors there are 4 important things affecting the consumer buying behaviour, i.e. perception, motivation, learning, beliefs and attitudes. Social factors include reference groups, family, and social status. These factors too affect the buying behaviour of the consumer.
Detailed explanation-2: -Ans: Psychological, Cultural, Social and Personal are the four factors that affect consumer behaviour. Businesses try to gather data so they can decide how to contact their target audience most effectively.
Detailed explanation-3: -Psychological Factors. Human psychology is a major determinant of consumer behavior. Social Factors. Humans are social beings and they live around many people who influence their buying behavior. Cultural factors. Personal Factors. Economic Factors.
Detailed explanation-4: -Consumer Privacy. Legal Regulations. Moral and Ethical values of the society. Marketing and advertising to children. Product, Pricing and distribution issues. 21-Sept-2016