ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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age
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values
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family
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peers
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all of the above
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Detailed explanation-1: -Factors that Influence Decision Making Significant factors include past experiences, a variety of cognitive biases, an escalation of commitment and sunk outcomes, individual differences, including age and socioeconomic status, and a belief in personal relevance.
Detailed explanation-2: -In general, there are four factors that influence consumer behaviour. These factors impact whether or not your target customer buys your product. They are cultural, social, personal and psychological.
Detailed explanation-3: -Programmed versus non-programmed decisions: Information inputs: Prejudice: Cognitive constraints: Attitudes about risk and uncertainty: Personal habits: Social and cultural influences:
Detailed explanation-4: -Psychological Factors. Social Factors. Cultural Factors. Economic Factors. Personal Factors. 01-Dec-2022