Final answer:
The consumer decision process model consists of five steps: Need Recognition, Information Search, Evaluation of Alternatives, Purchase and Consumption, and Post-purchase. By following these steps, consumers can make more informed decisions and increase their chances of being satisfied with their purchases.
Step-by-step explanation:
The subject of this question is Business and it is relevant for High School level students.
The consumer decision process model consists of five steps:
- Need Recognition: In this step, the consumer becomes aware of a need or desire for a product or service.
- Information Search: The consumer gathers information about different options or alternatives that can fulfill their need.
- Evaluation of Alternatives: The consumer compares the different options based on factors like price, quality, and features, to determine which one is the best choice.
- Purchase and Consumption: The consumer makes the decision to purchase the chosen product or service and completes the transaction.
- Post-purchase: After the purchase, the consumer evaluates their satisfaction with the product or service and may engage in post-purchase behaviors such as word-of-mouth recommendations or returning the product.
By following these steps, consumers can make more informed decisions and increase their chances of being satisfied with their purchases.