Consumers In A Global Economy

Consumers In A Global Economy

By: Krishna PolasaniPOB

3rd period

Decision Making Process for buying a Car

• Identify your needs or wants: Luxury cars• Know the choices available: Lexus, Mercedes,

and BMW• Determine your desired satisfaction: Lexus• Alternatives: Mercedes and BMW• Decision: Lexus

Decision Making Process for Buying a Cellphone

Identify Needs and wants: Texting, smartphone, games, and a music player

• Know the choices available: Iphone, LG Vu, and Samsung Instinct

• Determine your desired satisfaction: Good phone for the money

• Evaluate Alternative: Good phone but costly for the phone• Final Decision: IPhone

Discount Stores

• Olive Garden • Walgreens• Blockbuster

Department Stores

• JCPenny• GameStop• Abercrombie

Specialty Stores

• Best Buy• Home Depot• Office Max

Impulse Buy

• Impulse buying is the opposite of spending time and effort and buying too quickly.

• Examples that I impulse buy is clothes, video games, and food.