Carl and his wife are considering the purchase of a new home. They are very involved with this purchase decision, particularly because of the high-perceived risk associated with this purchase. Which decision making approach are they likely to use?
A) rational decision making
B) thorough decision making
C) involved decision making
D) extended decision making
E) family decision making

Question

Quizplus · Accepted Answer

Carl and his wife are likely to use extended decision making approach because they are very involved with this purchase decision and perceive it to be a high-risk decision. Extended decision making is a type of decision making that involves extensive research and evaluation of alternatives before making a purchase decision. This approach is common in high-involvement purchases where the stakes are high, and the decision maker wants to minimize the risk of making a wrong decision.

Carl and His Wife Are Considering the Purchase of a New