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Robert,who needs a new car,has been looking at several automobile magazines and websites to find a model that he can afford.He has also been asking his friends whether they know of places that offer good deals on cars.Robert is currently in which stage of the decision-making process?
Market Rate
The prevailing price or interest rate available in the marketplace for goods, services, or securities at any given time.
Interest
The cost of borrowing money, typically expressed as a percentage of the amount borrowed, paid to the lender over a specific period.
World's Population
The total number of people living on Earth at any given time, an ever-changing figure due to births, deaths, and migration.
Living Standards
The measure of financial wealth, comfortability, possessions in terms of goods, and necessary items afforded to a distinct social class or area.
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