ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Planning purchases
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Managing purchases
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Inventory management
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Inventory control
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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: -The fourth step of the consumer decision making process is known as the “purchase decision” step. During this phase, consumers make the final decision on which product or service to buy. They have evaluated all of their options and have selected the one that best meets their needs and wants.
Detailed explanation-3: -Consumer Behavior Types. 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.