Types of Consumer Decisions

The video tutorial discusses the importance of understanding consumer decision-making for marketers. It outlines three types of consumer decisions: routinized response, limited problem solving, and extensive problem solving. Routinized response involves habitual purchases with minimal thought, limited problem solving requires more consideration and effort, and extensive problem solving involves thorough research and deliberation, often for new or expensive items. Understanding these decision types helps marketers tailor their strategies to better promote and sell products.

Explain the process involved in extensive problem solving.

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Why is it important for marketers to understand the types of decisions consumers make?

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