Examlex
Knowing which stage of the purchase decision process the consumer is in can affect the promotional mix. How does the importance of advertising, personal selling, and sales promotion change as a consumer moves through stages of the decision process?
Investment
The allocation of resources, such as capital or time, in the expectation of receiving future benefits such as income or growth.
Reciprocal Determinism
A concept in psychology positing that a person's behavior both influences and is influenced by personal factors and the social environment.
Cognitive Factors
Elements related to mental processes such as perception, memory, language, and problem-solving.
External Environment
All outside factors and influences that impact the operation, success, and decision-making processes of an organization or individual.
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