Briefly compare the three categories of problem solving, explaining in what type of purchase situation a consumer would be most likely to use each

What will be an ideal response?

The three categories of problem solving are limited problem solving, significant problem solving, and routine response problem solving. Limited problem solving occurs when a consumer is prepared to exert only a certain amount of effort to make a purchase decision; this may occur when a consumer has a new product option in a category he or she knows well. Significant problem solving occurs when a consumer is prepared to commit considerable effort to make a purchase decision; this may occur when a consumer encounters a new product or when the product is expensive and will create significant implications if the wrong choice is made. Routine response problem solving occurs when a consumer has a well-developed process for fulfilling a need or want; this occurs when a consumer is familiar with and enjoys a product that he or she buys again and again.

Business

You might also like to view...

Documentation is a crucial part of database development

Indicate whether the statement is true or false

Business

Businesses that practice ________ give employees opportunities to be creative so they are almost like entrepreneurs inside a company

Fill in the blanks with correct word

Business