What Are the Steps of the Consumer Decision-Making Process in Order

question 56

Multiple Choice

What are the steps of the consumer decision-making process in order?

• A)need recognition,alternative aggregation,re-evaluation,purchase decision,postpurchase behaviour.
• B)need positioning,stimulus response reactions,evaluation of alternatives,purchase decision,postpurchase behaviour.
• C)need positioning,alternative aggregation and divestment,purchase decision,postpurchase evaluation.
• D)need recognition,information search,evaluation of alternatives,purchase,and postpurchase evaluation.

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Definitions:

Capital Expenditure

Funds used by a company to acquire or upgrade physical assets such as property, industrial buildings, or equipment, intended to improve long-term performance.

Allocating Resources

The process of distributing available resources, such as time, money, and manpower, among various projects or business units to achieve strategic goals.

Rolling Budget

A continuously updated budget that extends a set period into the future by adding a new period as the most recent period is completed.

Padding the Budget

The practice of including extra costs in a budget to create a financial cushion, which can mislead or distort financial planning and decision-making.