Managerial Skills Are Required To

question 2

Multiple Choice

Managerial skills are required to:

• A) start a business.
• B) expand product lines.
• C) develop new ideas.
• D) maintain a business.

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Definitions:

Problem Recognition

The initial step in the consumer decision process, where the consumer identifies a need or problem that requires satisfaction or solution.

Consumer Purchase Decision

The process by which individuals select, purchase, use, and dispose of goods and services.

Information Search

The process of seeking out data, facts, and insights in order to make informed decisions or understand a particular subject.

Consumer Behavior

The study of individuals, groups, or organizations and the processes they use to select, secure, use, and dispose of products, services, experiences, or ideas to satisfy needs and the impacts that these processes have on the consumer and society.