COST ACCOUNTING
INFORMATION FOR DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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define your needs and wants
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evaluate your options
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plan how to reach your goal
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identify your options
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Detailed explanation-1: -The fifth step of the consumer decision making process is “post-purchase evaluation”. During this phase, consumers reflect on their purchase and evaluate whether or not they are satisfied with their decision.
Detailed explanation-2: -Step 5. Evaluate your decision. Once the resolution has been made, you still want to carefully evaluate the outcomes you achieve. Calculate for yourself how this commitment has impacted your life and your ability to achieve your goals.
Detailed explanation-3: -STEP 4: TAKE ACTION AND TRY OPTIONS.
Detailed explanation-4: -Fifth, the criteria for determining if an alternative achieves the goals or solves the problem is chosen. Sixth, the best approach and option are selected. The seventh step entails the execution of the decision where actions are undertaken.