The economic status of a consumer has no impact on their purchasing decisions. true false

The statement "The economic status of a consumer has no impact on their purchasing decisions" is false.

Explanation:

1. Economic status refers to the financial situation of a consumer, including factors like income, savings, and wealth.
2. A consumer's purchasing decisions are typically influenced by their economic status. For example:
   • Higher income may allow consumers to purchase luxury goods.
   • Lower income may restrict choices to more affordable options.
3. Economic factors can affect the perception of value and influence the decisions regarding necessity versus luxury items.

Conclusion:

Therefore, it is reasonable to conclude that economic status significantly impacts purchasing decisions.