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Understanding Consumer Judgment Factors by Pragati Bindal is a document available to read on EtoBox.
What is Understanding Consumer Judgment Factors about?
This document summarizes factors that influence consumer judgment and the consumer decision-making process. It discusses how consumers seek tangible and intangible benefits when making purchases. Models of consumer judgment include prospect theory and expected utility. The consumer decision process involves problem recognition, information search, alternative evaluation, and choice. Judgment is affected by involvement level, decision strategies, and various contextual and individual factors. Understanding c
- Author
- Pragati Bindal
- Language
- EN