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Awareness Stage
The initial phase in the buying process where potential customers first become aware of a product or service.
Consumer Development Stage
A phase in the consumer lifecycle where individuals or groups evolve in their purchasing patterns and preferences.
Evaluation Stage
The phase in decision-making where alternatives are assessed against a set of criteria to select the best option.
Percentage of Sales Budgeting
A method of budgeting where advertising and promotional expenses are based on a fixed percentage of the past or projected sales.
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