GK
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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All factors affecting purchasing power of consumers are included in
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cultural environment
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economic environment
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demographic environment
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none of these
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Explanation:
Detailed explanation-1: -The economic factors that most affect the demand for consumer goods are employment, wages, prices/inflation, interest rates, and consumer confidence.
Detailed explanation-2: -The term economic environment refers to all the external economic factors that influence buying habits of consumers and businesses and therefore affect the performance of a company.
There is 1 question to complete.