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273110
Consumer Information and Decision Making
Description
Home Economics Mind Map on Consumer Information and Decision Making, created by meganki123 on 12/10/2013.
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home economics
home economics
Mind Map by
meganki123
, updated more than 1 year ago
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Created by
meganki123
about 11 years ago
23
1
0
Resource summary
Consumer Information and Decision Making
Sources of Consumer Information
advertising
showrooms/ exhibitions
salespeople
TV/radio
manufacturer's leafles
other consumers
magazines/ newspapers
Factors which influence our decision
internal factors
personal preferences
personal values
needs
external factors
advertising/marketing
peers/friends
family
price/cost
fashion
salespeople
time
Why do consumers need to be informed?
help them make wise decisions about goods and services
ensure that they get value for money
understand the laws which protect the consumer
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