Memorising Flashcards

1
Q

DECISION MAKING:

Name the 3 factors that influence purchasing decisions.

A

1. Physiological (motivation and needs; personality; perception; knowledge; values, attitudes; lifestyle).
2. Socio-cultural (personal, reference group, family, social class, culture, subculture).
3. Economic (income, credit facilities, price)

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2
Q

MARKETING:

Define marketing.

A

Marketing is the process of planning and executing the conception, pricing , promotion and distribution of ideas, goods and services to create exchanges that satisfy individual and organizational goals.

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3
Q

Define dealers.

A

Dealer refers to the variety of shops where consumers can purchase products or services.

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