The ________ environment consists of factors that affect consumer purchase ability and buying behavior.

Question

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The economic environment includes factors such as income levels, employment rates, inflation, and consumer confidence, which all impact consumer purchasing power and behavior. Cultural factors relate to social norms and values, political factors involve government regulations and policies, technological factors include advancements in technology, and legal factors refer to laws and regulations that affect businesses and consumers.

The ________ Environment Consists of Factors That Affect Consumer Purchase