The First Step in the Basic Consumption Process Is _____

question 59

Multiple Choice

The first step in the basic consumption process is _____.

• A) cost and benefit analysis
• B) reaction
• C) value assessment
• D) want specification
• E) need realization

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Definitions:

Franchisors

Companies or individuals that allow an entrepreneur to license their business model and brand for a franchisee to operate under.

Lawyer

A specialist authorized to provide legal counsel or act on behalf of others in court cases.

Franchising Systems

Business models where a brand allows individual proprietors to use its trademarks and methods in exchange for a fee and adherence to brand standards.

Differ

To be unlike or distinct in nature, form, or characteristics.