Draw and Label the Consumer Buying Decision Process and Include

question 10

Essay

Draw and label the consumer buying decision process and include the possible influences on the process.

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Definitions:

Paradigm Innovation

A significant shift in the fundamental concepts and practices of a particular domain or industry.

Product Development

The process of bringing a new product or service to the market, involving concept generation, design, development, and marketing.

Idea Creation

The process of generating new, innovative concepts or solutions.

Competitive Advantage

An attribute that allows an organization to outperform its competitors, achieved through offering superior value to customers or lower costs.