COST ACCOUNTING
INFORMATION FOR DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The Evoked, The Inept, The Inert
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The Evoked, The Inept, The Instinc
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The Evoked, The Inept, The Avoid
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The Disposed, The Inept, The Inert
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Detailed explanation-1: -What are the three types of consumer decision-making? The three types of decision-making are nominal, limited, and extended. These types of decision-making have different levels of purchase involvement.
Detailed explanation-2: -A product-with a negative evaluation is considered in the “inept set". Those products for which the consumer has made no evaluation are considered in the “inert set".
Detailed explanation-3: -Alternatives may present themselves in the form of lower prices, additional product benefits, product availability, or something as personal as color or style options.
Detailed explanation-4: -External factors such as market economy, culture, social values, vogue, and corporate policies for consumers broadly influence the consumer perceptions, attitude, and consumer behavior.