Economic Definition of decision making process. Defined.
Offline Version: PDF
Term decision making process Definition: The five step decision making process the consumer uses to complete a purchasing decision. Step one is defining the problem. Step two is collecting data on possible choices. Step three is evaluating the alternatives. Step four is making a decision. Step five is post-purchase behavior, sometimes buyerÕs remorse.
Permalink: https://glossary.econguru.com/economic-term/decision+making+process