(i) How does a customer decide?<\/strong><\/p>\n\n\n\nWhen making a purchase decision, customers go through a decision-making process that involves several stages. These stages can include problem recognition (identifying a need or want), information search (gathering information about available options), evaluation of alternatives (comparing different products or services), purchase decision (selecting a specific product or service), and post-purchase evaluation (assessing the satisfaction with the chosen product or service).<\/p>\n\n\n\n
(ii) Why he\/she needs a product?<\/strong><\/p>\n\n\n\nCustomers may have various reasons for needing a product. It could be based on functional needs (e.g., fulfilling a specific task or solving a problem), social needs (e.g., fitting in or meeting social expectations), psychological needs (e.g., boosting self-esteem or achieving personal satisfaction), or situational needs (e.g., responding to an immediate requirement or opportunity).<\/p>\n\n\n\n
(iii) What are the best sources of information for buying the product?<\/strong><\/p>\n\n\n\nConsumers rely on different sources of information when making purchase decisions. These can include personal sources (such as family, friends, or colleagues), commercial sources (such as advertising, salespeople, or company websites), public sources (such as consumer reports, reviews, or ratings), experiential sources (such as trying out a product or service), or situational sources (such as the physical environment or point-of-purchase displays).<\/p>\n\n\n\n
(iv) What different alternative services\/products are available in the market?<\/strong><\/p>\n\n\n\nConsumers have access to a wide range of alternative services and products in the market. These alternatives can differ in terms of features, quality, price, brand reputation, packaging, availability, and other attributes. Customers evaluate these alternatives based on their needs, preferences, and the perceived value they offer.<\/p>\n\n\n\n