The ________ environment consists of factors that affect consumer purchase ability and buying behavior.
A) social
B) political
C) economic
D) technological

Question

Quizplus · Accepted Answer

The economic environment includes factors such as inflation, employment rates, income, and overall financial stability, which impact consumers' ability to purchase goods and services and influence their buying behavior. The social environment includes factors such as culture, demographics, and social values, while the political environment includes government regulations and policies that affect businesses and consumers. The technological environment refers to innovations and advancements that impact marketing and advertising strategies, distribution channels, and consumer behavior.

The ________ Environment Consists of Factors That Affect Consumer Purchase