Question: As you are aware that consumers does not make purchase decisions in isolation , there are various external factors that may influence their purchase decisions.

As you are aware that consumers does not make purchase decisions in isolation , there are various external factors that may influence their purchase decisions. Explain the four types of external factor that affect consumer decision making with example.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Marketing Questions!

els in Japan (those born between 1946 and 1976). RaZa's research revealed that the Japanese culture understood and respected high-end fashion. The consumer does not make purchase decisions in...

SaGa is a European fashion store chain that specializes in accessible, trendy clothes and accessories for men and women. Its target audience includes fashion-conscious young men and women, ages...

External Influences on Consumer Behavior Saga is a European fashion store chain that specializes in accessible, trendy clothes and accessories for men and women. Its target audience includes...

SaGa's advertising agency of record was excited about the impending launch campaign in the U . S . and its first - ever foray into the American market, which is heavily influenced by celebrity and...

The consumer does not make purchase decisions in isolation. A number of external factors have been identified that may influence consumer decision - making, such as culture, subcultures, social...

MT 450 Market management The Consumer and Business Market Scenario Marketing As the marketing manager of a major franchise, your job will be to perform the daily tasks of a marketing manager. Select...

2-3 BEATS BY DRE'S RISE TO THE TOP In 2006, rapper Dr. Dre and music industry mogul James lovine began an endeavor that would change the face of the premium headphones market. They saw an opportunity...

QUESTION 1 ______________ describes how people make purchase decisions and how they use and dispose of the purchased goods and services. a.Consumer behavior b.Product adaptation c.Consumer service...

how we can manage each one such as a measure of performance each item how we can Mesure variable factors in this text a-market growth b-sales growth c-ROI d-ROE e-net profit margin 2-customer...

kindly write a summary on this chapter. Objective OUTLINE Objective 1 Objective 2 Objective 3 Define the business market and explain how business markets differ from consumer markets. Business...

(a) In double-slit interference, how does the slit separation affect the distance between adjacent interference maxima? (b) How does the distance between the slits and screen affect that separation?...

In a certain free radical polymerization initiated by BPO, a kind of thermo decomposition initiator, it is found that the final molecular weight of the polymer is lower than expected. Based on the...

Why is a star's birth mass its most fundamental property?

Emily purchased a bond valued at $20,000 for highway construction for $11,270. If the bond pays 6.4% annual interest compounded monthly, how long must she hold it until it reaches its full face...

1. People drive faster when they have auto insurance. This is an example of: LO4.6 a. Adverse selection. b. Asymmetric information. c. Moral hazard.

3. Place an M beside the items in the following list that describe a moral hazard problem and an A beside those that describe an adverse selection problem. LO4.6 a. A person with a terminal illness...

2. Jean-Baptiste Colbert was the Minister of Finance under King Louis XIV of France. He famously observed, The art of taxation consists in so plucking the goose as to obtain the largest possible...