ECONOMICS

Detailed explanation-1: -Consumer decision making has three major stages known as the pre-experience evaluation, consumer experience and post-evaluation experience.

Detailed explanation-2: -The consumer buying decision process includes five stages: problem recognition, information search, evaluation of alternatives, purchase, and postpurchase evaluation.

Detailed explanation-3: -In extensive problem solving, consumer seeks for more information to make a choice, in limited problem solving consumers have the basic idea or the criteria set for evaluation, whereas in routinized response behavior consumers need only little additional information.

Detailed explanation-4: -Experts agree that there are four main types of consumer behavior: complex-buying behavior, dissonance-reducing buying behavior, habitual buying behavior, and variety-seeking buying behavior.