How does a consumer know whether a purchase may be a good deal?

Answer:

Consumers go through distinct buying phases when they purchase products

Explanation:

For example, when the product matches what the consumer needs.

Final answer:

A consumer can identify a good deal by employing comparison shopping, assessing product quality, contemplating their budget, and considering the product's value over time.

Explanation:

To determine if a purchase might be a good deal, a consumer needs to utilize several strategies including comparison shopping, assessing product quality, contemplating their budget, and analyzing the product's value over time.

Comparison shopping is a method where you compare prices of a product from different vendors to find the best price. This can be done by visiting various stores or checking prices online.

The quality of the product is another important consideration. Often, cheaper products may be of lower quality. Therefore, it might be worth it to spend a little more for a product that will last longer and perform better.

A consumer also needs to consider the product's value over time, sometimes it might save money in the long run to buy a costlier, high-quality product, as it might last longer than a cheaper alternative.

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