ECONOMICS
DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Problem recognition will satisfy the need
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Because finding the problem help makes the decision
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I don’t know
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None of the above
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Detailed explanation-1: -It’s important to understand the issue before you start thinking about potential solutions and decisions. Having a clearly defined problem can make it easier to make decisions later on in the process. Define or state your issue in as specific terms as possible so it’s easy to understand.
Detailed explanation-2: -Problem recognition is the point at which a potential customer realises they need or want a product or service. It’s the first step in the buying process and one of the most important. If your customer doesn’t need or want a product or service, you’ll have a hard time making a sale.
Detailed explanation-3: -The need recognition or problem recognition is the first step in the buying process. If there is no need, there is no purchase. This recognition happens when there is a gap between the consumer’s actual situation and the ideal/desired one.
Detailed explanation-4: -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.