Question

Help with one more, already got 2

Identify three consumer influences and describe what effect each can have on the economic decisions of consumers.
Influence: Cultural Influences

Effect: Traditions play an important role in what, how, and why consumers buy goods and
Services

Influence: Trends

Effect: People buy what's popular, if many people are buying it then they might too.

Influence:

Effect:

Answer 1

Hm. I haven't taken econ in a long time so idk what they're looking for but maybe "advertising" or "familypeer influence" ?

Answer 2

Yeah, I think advertising is the answer

Answer 3

For effect it would be that it pulls in consumers in??

Answer 4

yeah, advertising in favor of something can help spread the word about a product/make people more likely to buy it. advertising can also slam a competitor and discourage people from buying from competitors