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What Is the Purpose of a Purchase Funnel? Identify Four

question 37

Essay

What is the purpose of a purchase funnel? Identify four different stages of the purchase funnel and the marketing objectives associated with each stage.


Definitions:

Incentive

Something that motivates or encourages someone to do something, often used in contexts of motivation and behavioral economics.

Need

A requirement for something because it is essential or very important, often referring to something necessary for psychological or physical survival.

Drive Reduction

A theory in psychology that motivation arises from biological needs driving behavior to return to a state of homeostasis or balance.

Optimal Arousal

A theory suggesting there is a level of arousal that is ideal for performance, balancing between too low and too high.

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