Monica's spending decisions are heavily influenced by her family, her peers, and her religious education. These influences reflect aspects of her

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Monica's family, peers, and religious education are all external social factors that can influence her spending decisions. Psychological risk factors (such as personality traits or past experiences) and cognitive needs (such as information processing and decision-making) are internal factors that may also influence spending decisions, but are not specifically mentioned in this scenario. Physiological needs refer to basic biological needs such as food, water, and shelter, which are not mentioned in relation to Monica's spending decisions. Evoked sets refer to a consumer's possible choices for products or services, which is also not mentioned in this scenario.

Monica's Spending Decisions Are Heavily Influenced by Her Family, Her