Which of the following is a social factor that can influence consumer buying decisions?

a. A social class
b. Gender
c. A reference group
d. Perception


ANSWER: c

A reference group is a social factor that can influence consumer buying decisions. Consumers interact socially with reference groups to obtain product information and decision approval.

Business

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a. by watching to see if others do what a leader asks of them b. by watching to see if others like them c. by receiving feedback from others d. in their performance review

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The z value for a point is the number of standard deviations a point is away from the mean

Indicate whether the statement is true or false

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The way in which the performance of a cost center is evaluated is similar to

a. job order costing. b. standard costing. c. process costing. d. none of these choices.

Business

Annual marketing plans are usually used for ________

A) well-established markets B) nascent markets C) dynamic markets D) declining markets

Business