Asked by Francies Guzman on May 06, 2024
Verified
People with strong economic needs will consider only price in a purchase situation.
Economic Needs
The basic requirements for financial stability and well-being, including food, shelter, and employment.
- Develop an understanding of the effect psychological, social, and economic factors exert on consumer choices.
Verified Answer
JR
Jessica RamosMay 09, 2024
Final Answer :
False
Explanation :
While price may be an important factor for those with strong economic needs, they may also consider other factors such as quality or availability in their purchase decision.
Learning Objectives
- Develop an understanding of the effect psychological, social, and economic factors exert on consumer choices.
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