Influences on Buying Behavior: Economic Environment

Socio-economic, technological, supplier, competitors, and government.

The sum total of all factors external to the business firm that greatly influence their functioning.

It keeps on changing and the changes are unpredictable.

<p>It differs from place to place, region to region, and country to country.</p> Signup and view all the answers

<p>It has a far-reaching impact on the survival and growth of the business.</p> Signup and view all the answers

<p>The interaction helps in strengthening the business firm and using its resources more effectively.</p> Signup and view all the answers

<p>Customers, competitors, suppliers, government, social, cultural, political, technological, and legal conditions.</p> Signup and view all the answers

<p>The changes in the business environment are unpredictable.</p> Signup and view all the answers

<p>It impacts the survival and growth of the business.</p> Signup and view all the answers

<p>Its dynamic nature and the various factors and forces influencing it.</p> Signup and view all the answers