Multiple Choice
Which barrier to economic development is illustrated when a country experiences high levels of illiteracy, poor health care, and limited access to education?
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0. Basic Principles of Economics
Introduction to Economics
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Join thousands of students who trust us to help them ace their exams!Watch the first videoMultiple Choice
Which of the following is the first step of the consumer decision-making process?
A
Searching for information
B
Recognizing a need or problem
C
Making a purchase decision
D
Evaluating alternatives
Verified step by step guidance1
Understand that the consumer decision-making process consists of several sequential steps that a consumer goes through before making a purchase.
Identify the very first step, which involves the consumer realizing that there is a need or a problem that requires satisfaction or a solution.
Recognizing a need or problem triggers the entire decision-making process, prompting the consumer to seek ways to fulfill that need.
After recognizing the need, the consumer moves on to searching for information about possible products or services that can satisfy the need.
Therefore, the first step is not searching for information or evaluating alternatives, but rather the recognition of a need or problem.
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