Consumer market and the four sets of factor which influences the behavior of consumers .

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Answer 1

Question

Chapter 5, Problem 5.1DQ

Summary Introduction

To discuss: Consumer market and the four sets of factor which influences the behavior of consumers.

Expert Solution

Explanation of Solution

Consumer market is the place where households and individuals will purchase the services or goods for the purpose of personal consumption.

The four factors factor which influences the behavior of consumers are as follows:

Cultural factors which includes culture, social class and subculture,
Social factors which includes groups, family, status, roles and social networks.
Personal factors which includes life-cycle stage, age, occupation, lifestyle, economic situation, self-concept and personality.
Psychological factors which includes perception, motivation, beliefs, attitudes and learning.

Summary Introduction

To discuss: The factor which influences Person X to decide on choosing the school and plans for Saturday night.

Expert Solution

Explanation of Solution

The characteristics influenced the choice of Person X while choosing the school is social factors because most probably the choice of school is decided by the parents and family members. So, social factors are the groups, family, social network, status and roles.

The characteristics influenced the choice of Person X while deciding the plans for Saturday night is personal factor because personal factors involves life cycle stage, economic situation, self-concept, occupation, and age.

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Answer 2

Question

Chapter 5, Problem 5.1DQ

Summary Introduction

To discuss: Consumer market and the four sets of factor which influences the behavior of consumers.

Expert Solution

Explanation of Solution

Consumer market is the place where households and individuals will purchase the services or goods for the purpose of personal consumption.

The four factors factor which influences the behavior of consumers are as follows:

Cultural factors which includes culture, social class and subculture,
Social factors which includes groups, family, status, roles and social networks.
Personal factors which includes life-cycle stage, age, occupation, lifestyle, economic situation, self-concept and personality.
Psychological factors which includes perception, motivation, beliefs, attitudes and learning.

Summary Introduction

To discuss: The factor which influences Person X to decide on choosing the school and plans for Saturday night.

Expert Solution

Explanation of Solution

The characteristics influenced the choice of Person X while choosing the school is social factors because most probably the choice of school is decided by the parents and family members. So, social factors are the groups, family, social network, status and roles.

The characteristics influenced the choice of Person X while deciding the plans for Saturday night is personal factor because personal factors involves life cycle stage, economic situation, self-concept, occupation, and age.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 5, Problem 5.1DQ

Summary Introduction

To discuss: Consumer market and the four sets of factor which influences the behavior of consumers.

Expert Solution

Explanation of Solution

Consumer market is the place where households and individuals will purchase the services or goods for the purpose of personal consumption.

The four factors factor which influences the behavior of consumers are as follows:

Cultural factors which includes culture, social class and subculture,
Social factors which includes groups, family, status, roles and social networks.
Personal factors which includes life-cycle stage, age, occupation, lifestyle, economic situation, self-concept and personality.
Psychological factors which includes perception, motivation, beliefs, attitudes and learning.

Summary Introduction

To discuss: The factor which influences Person X to decide on choosing the school and plans for Saturday night.

Expert Solution

Explanation of Solution

The characteristics influenced the choice of Person X while choosing the school is social factors because most probably the choice of school is decided by the parents and family members. So, social factors are the groups, family, social network, status and roles.

The characteristics influenced the choice of Person X while deciding the plans for Saturday night is personal factor because personal factors involves life cycle stage, economic situation, self-concept, occupation, and age.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 5, Problem 5.1DQ

Summary Introduction

To discuss: Consumer market and the four sets of factor which influences the behavior of consumers.

Expert Solution

Explanation of Solution

Consumer market is the place where households and individuals will purchase the services or goods for the purpose of personal consumption.

The four factors factor which influences the behavior of consumers are as follows:

Cultural factors which includes culture, social class and subculture,
Social factors which includes groups, family, status, roles and social networks.
Personal factors which includes life-cycle stage, age, occupation, lifestyle, economic situation, self-concept and personality.
Psychological factors which includes perception, motivation, beliefs, attitudes and learning.

Summary Introduction

To discuss: The factor which influences Person X to decide on choosing the school and plans for Saturday night.

Expert Solution

Explanation of Solution

The characteristics influenced the choice of Person X while choosing the school is social factors because most probably the choice of school is decided by the parents and family members. So, social factors are the groups, family, social network, status and roles.

The characteristics influenced the choice of Person X while deciding the plans for Saturday night is personal factor because personal factors involves life cycle stage, economic situation, self-concept, occupation, and age.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 5, Problem 5.1DQ

Summary Introduction

To discuss: Consumer market and the four sets of factor which influences the behavior of consumers.

Expert Solution

Explanation of Solution

Consumer market is the place where households and individuals will purchase the services or goods for the purpose of personal consumption.

The four factors factor which influences the behavior of consumers are as follows:

Cultural factors which includes culture, social class and subculture,
Social factors which includes groups, family, status, roles and social networks.
Personal factors which includes life-cycle stage, age, occupation, lifestyle, economic situation, self-concept and personality.
Psychological factors which includes perception, motivation, beliefs, attitudes and learning.

Summary Introduction

To discuss: The factor which influences Person X to decide on choosing the school and plans for Saturday night.

Expert Solution

Explanation of Solution

The characteristics influenced the choice of Person X while choosing the school is social factors because most probably the choice of school is decided by the parents and family members. So, social factors are the groups, family, social network, status and roles.

The characteristics influenced the choice of Person X while deciding the plans for Saturday night is personal factor because personal factors involves life cycle stage, economic situation, self-concept, occupation, and age.

Answer 6

Chapter 5, Problem 5.1DQ

Summary Introduction

To discuss: Consumer market and the four sets of factor which influences the behavior of consumers.

Expert Solution

Explanation of Solution

Consumer market is the place where households and individuals will purchase the services or goods for the purpose of personal consumption.

The four factors factor which influences the behavior of consumers are as follows:

Cultural factors which includes culture, social class and subculture,
Social factors which includes groups, family, status, roles and social networks.
Personal factors which includes life-cycle stage, age, occupation, lifestyle, economic situation, self-concept and personality.
Psychological factors which includes perception, motivation, beliefs, attitudes and learning.

Answer 7

Chapter 5, Problem 5.1DQ

Summary Introduction

To discuss: Consumer market and the four sets of factor which influences the behavior of consumers.

Answer 8

Expert Solution

Explanation of Solution

Consumer market is the place where households and individuals will purchase the services or goods for the purpose of personal consumption.

The four factors factor which influences the behavior of consumers are as follows:

Cultural factors which includes culture, social class and subculture,
Social factors which includes groups, family, status, roles and social networks.
Personal factors which includes life-cycle stage, age, occupation, lifestyle, economic situation, self-concept and personality.
Psychological factors which includes perception, motivation, beliefs, attitudes and learning.

Answer 9

Expert Solution

Answer 10

Expert Solution

Answer 11

Expert Solution

Answer 12

Summary Introduction

To discuss: The factor which influences Person X to decide on choosing the school and plans for Saturday night.

Expert Solution

Explanation of Solution

The characteristics influenced the choice of Person X while choosing the school is social factors because most probably the choice of school is decided by the parents and family members. So, social factors are the groups, family, social network, status and roles.

The characteristics influenced the choice of Person X while deciding the plans for Saturday night is personal factor because personal factors involves life cycle stage, economic situation, self-concept, occupation, and age.

Answer 13

Summary Introduction

To discuss: The factor which influences Person X to decide on choosing the school and plans for Saturday night.

Answer 14

Expert Solution

Explanation of Solution

The characteristics influenced the choice of Person X while choosing the school is social factors because most probably the choice of school is decided by the parents and family members. So, social factors are the groups, family, social network, status and roles.

The characteristics influenced the choice of Person X while deciding the plans for Saturday night is personal factor because personal factors involves life cycle stage, economic situation, self-concept, occupation, and age.