COST ACCOUNTING
INFORMATION FOR DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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For a major purchasing decisions, consumers need to:(which one is incorrect)
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Identify needs and wants
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Collect information about products options
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Evaluate the product alternatives against a set of criteria
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Make purchasing decisions that consider the short-and long-term financial consequences
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Buy the first product you see because you like it
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Explanation:
Detailed explanation-1: -1. Problem recognition. The first step of the consumer decision-making process is recognizing the need for a service or product. Need recognition, whether prompted internally or externally, results in the same response: a want.
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