as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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list three techniques used to influence consumers to purchase products.
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three techniques used to influence consumers to purchase products are:
1. social proof: using endorsements from friends, family, or social media influencers to create a perception of popular demand. 
2. loss aversion: making consumers believe they will miss out on something if they do not buy the product. 
3. scarcity: creating a sense of urgency by using limited offers or limited quantities of a product.
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