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Which type of factors economic or psychological are more effective at the time of a marketing or buying decision?
Wiki User
∙ 11y ago
psychological
Wiki User
∙ 11y ago
Both economic and psychological factors play a significant role in marketing and buying decisions. Economic factors, such as price and value, influence rational thinking, while psychological factors, such as emotions, perceptions, and social influences, can affect decision-making on a deeper level. The effectiveness of these factors may vary depending on the product, target audience, and overall marketing strategy.
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