Which of Following Is Correct Order of Events of the Process

question 41

Multiple Choice

Which of following is correct order of events of the process component of the model of consumer decision making?

• A) Pre-purchase search - need recognition - evaluation of alternatives.
• B) Sociocultural environmental influence - pre-purchase search - evaluation of alternatives.
• C) Pre-purchase search - sociocultural environmental influence - evaluation of alternatives.
• D) Need recognition - pre-purchase search - evaluation of alternatives.

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Definitions:

Monopolistic Competition

A market structure characterized by many firms selling products that are similar but not identical, allowing for competition on factors other than price.

Pure Competition

A market structure characterized by a large number of sellers offering identical or very similar products, with no single seller able to influence prices.

Break-even Points

The level of production or sales at which total costs equal total revenue, resulting in no net loss or gain.

Small-business Consultants

Professionals offering expert advice to small businesses on various aspects, including management, marketing, and operational strategies to foster growth.