Answer:
See explanation below.
Explanation:
Human wants and needs are dynamic and insatiable. With that in mind, a customer's decision making regarding particular products and services will keep on changing.
This can be due to diverse reasons which include:
- Change is customer's tastes or preferences: customers may experience income level changes, and this will also affect their tastes and preferences for particular products and services.
- Changes in trends: people's needs tend to change with the changes in trends and what is currently in vogue.
- Technology advancements: changes in technology will affect a consumer's decision making process, for example, if a new phone with new capabilities is produced, consumers will want to purchase the product because of its technical aspects.
- Economic factors like inflation, rise or fall in income level, unemployment, recession, etc can affect a consumer's decision making process.
