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Benchmarking is important during what step of the decision making process?
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∙ 14y ago
Developing alternatives
Wiki User
∙ 14y ago
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What is buying decision process?
Buying decision process regards the period between considering whether to buy something up until the time one pays for it. During this process, a person considers the benefits of the product and the financial effect making the purchase will have on their finances.
What is consumer buying process in service?
Buyer decision processes are the decision making processes undertaken by consumers in regard to a potential market transaction before, during, and after the purchase of a product or service.More generally, decision making is the cognitive process of selecting a course of action from among multiple alternatives. Common examples include shopping and deciding what to eat. Decision making is said to be a psychological construct. This means that although we can never "see" a decision, we can infer from observable behaviour that a decision has been made. Therefore we conclude that a psychological event that we call "decision making" has occurred. It is a construction that imputes commitment to action. That is, based on observable actions, we assume that people have made a commitment to effect the action.In general there are three ways of analysing consumer buying decisions. They are:Economic models - These models are largely quantitative and are based on the assumptions of rationality and near perfect knowledge. The consumer is seen to maximize their utility. See consumer theory. Game theory can also be used in some circumstances.Psychological models - These models concentrate on psychological and cognitive processes such as motivation and need recognition. They are qualitative rather than quantitative and build on sociological factors like cultural influences and family influences.Consumer behaviour models - These are practical models used by marketers. They typically blend both economic and psychological models.Nobel laureate Herbert Simon sees economic decision making as a vain attempt to be rational. He claims (in 1947 and 1957) that if a complete analysis is to be done, a decision will be immensely complex. He also says that peoples' information processing ability is very limited. The assumption of a perfectly rational economic actor is unrealistic. Often we are influenced by emotional and non-rational considerations. When we try to be rational we are at best only partially successful.
Is an important step to be performed during continual service improvement (CSI) to obtain an accurate unbaised snapshot of where the organisation is right now?
tws
What is the meaning of sales force effectiveness?
Sales force effectiveness is the ability of a company to be successful at each stage of a customer's buying process. This helps earn business for a company during the right time.
Why is it important to set objectives for a meeting?
A meeting is a kind of brainstorming that enforces that two brains are better than one, and it is important to set objectives for a meeting so that the targets are achieved in time or even before time, qualitatively and quantitatively according to the quality decisions taken during that meeting.
Benchmarking is important during what step of the decision-making process?
Developing alternatives
During which step of the decision-making process is it useful to use qualitative skills?
All of the above
What is a appeal process from the The Giver?
In "The Giver," the appeal process is a system where individuals can request a hearing from the Committee of Elders to challenge a decision or seek a different outcome. During the appeal process, the individual can present their case and provide reasons why the original decision should be reconsidered. The final decision ultimately lies with the Committee of Elders.
What is buying decision process?
Buying decision process regards the period between considering whether to buy something up until the time one pays for it. During this process, a person considers the benefits of the product and the financial effect making the purchase will have on their finances.
What technique should be considered during the mediation process?
Identify the decision makers at the negotiations, Maintain Secrecy and confidentiality
What are your achievements and contributions during the appraisal period?
You will need to show that you have taken the lead during this time. Why were you important during the process and how did you make the process work more smoothly.
What organ is important in process substance after they are absorbed during digestion?
The Liver.
When cooking vegetables what important nutrient is lost during the cooking process?
Fibre.
How do friends influence decisions?
Friends influence decision when you share most problems with them. During this process they make suggestions which are adopted as solution.
What shell is the most important in the electron bonding process?
the valence shell is most important during the formation of a bond
What is glucose turned into during the process of glycolysis?
During the process of glycolysis, glucose is turned into two molecules of pyruvic acid. Glucose is a sugar that is an energy source important to living organisms.
During Pericles' rule Athenian citizens were expected to be actively involved in the political decision-making process. This form of governing is known as?
Direct Democracy
