Decision Making Process Essay Example | Topics and Well Written Essays - 2250 words - 1

Decision Making regale - Essay ExampleDoing this entails a thorough understanding of the micro and macro environment that defines the given consumers that a firm needs to serve. The most important point to note is the fact that consumer acquireing choices and finalitys making put to work are things that get influenced by external factors which need to be handled by internal processes that could take coiffure through social interactions. Consumer decision-making process has more to do with the patterns of behaviour that are preceded by consumers, determining and making them follow certain decisions with the sole aim of satisfying their individual or group needs found on products and services (Wu-Chung & Tzung-Cheng, 2010, pp.3530-3540). The mortgage market is experiencing numerous changes and has grown more volatile following the actual financial crisis that has been most of the times blamed on poor handling of mortgages by various firms and stakeholders. This account looks at the consumer decision-making process for the purchase of an appropriate mortgage following acquisition of some sufficient heavy(p) sourced from an uncle. The transaction will thus be analysed based on this theory in order to impart what went on as far as my decision-making process was concerned regarding the mortgage transaction. ... I happened to get equal information regarding the mortgage market, something that I do often before engaging myself into a purchasing process. starting signal I sought credibility of this company as the dealer in mortgages. I then went to the effort analysis on the mortgages. I wanted also to take advantage of any incentives that would have cause with choosing the best mortgage dealer. Many companies do provide mortgages but differ in various issues curiously rates charged on these mortgages. in that location are repayment mortgages and interest only mortgages. I cognise that interest on mortgages played a very important role in the choice of mortgage option. I also learnt of the mortgage regulation by the Financial Services Authority which sees to it that confidence in the financial system is maintained, public understanding is promoted, consumers are well protected and that financial crimes are avoided. There are also high interest rates on the mortgages placed by banks because of the need to dilute on liquidity in the market (London & Country Mortgages, 2011). I then had to make my decision on the mortgage choice and payment. This is where things became hot Decision-Making Process on Purchase of an Appropriate Mortgage Property in London A consumer undergoes various stages in his or her buying decision-making process which are comprised of motivation to buy the product or service, problem or need recognition that is to be addressed, search for information, evaluating alternatives that are lendable in the market, and making a final purchase based on the choice made. Rational decision theory indicates that consumers a s decision-makers do make many strategies and tend to use some logical procedures aimed at solving