Answer each of the following: 1) (5 points) How does consumer

 

Answer each of the following:

1) (5 points) How does consumer judgement differ from consumer decision-making?

2) (5 points) What is the anchoring and adjustment process, and how does it affect consumer judgement?

3) (5 points) How do consumers use compensatory and noncompensatory decision-making models?

4) (5 points) Explain how consumers use their goals, decision timing, and framing to decide which criteria are important for a particular choice. 

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