2. The planned buying process - Part 1 What Is Planned Buying? The phrase planned buying refers to using intentional and deliberate thought prior to, during, and after making a purchase. It is important for every purchase, but it is critical for purchases that are expensive or long lived. Mistakes made in these transactions can be very expensive and lasting. What steps are involved in the planned buying process? process that is intended to result in deliberate and well-considered purchasing In general, planned buying is a(n) seven-step decisions before making the acquisition It is important to conduct the activities in the planned buying process in a logical sequence. Organize the table that follows by matching the step number associated with the planned buying process on the left with its corresponding activity on the right Step Number Activities Conduct an investigation of the featudes and price of the good or service and vendor you are considering Step Number Activities 1 Conduct an investigation of the features and price of the good or service and vendor you are considering 7 4 Compare alternative products or services to determine the best buy. 4 6 Step Number Activities you Answer the question, "Can I afford it?" MIM TIM Interact with the seller to develop the actual terms of the purchasing transaction. Differentiate between needs and wants, and prioritize their importance. According to financial planners, which of the planned buying activities should you conduct during a meeting with a seller? Steps 1 through 5 Step 4 only Steps 4 and 5 Organize the table that follows by matching the step number associated with the planned buying process on the left with its corresponding activity the right Step Number Activities Conduct an investigation of the features and price of the good or service and vendor you are considering 3 2 Compare alternative products or services to determine the best buy. 7 Step Number Activities Conduct an investigation of the features and price of the good or service and vendor you are considering Answer the question, "Can I afford it?" 6 Evaluate what went well and not so well in the purchase transaction. Interact with the seller to develop the actual terms of the purchasing transaction. Step Number Activities Conduct an investigation of the features and price of the good or service and vendor you are considering. Compare alternative products or services to determine the best buy. 4 3 6 Step Number Activities Conduct an investigation of the features and price of the good or service and vendor you are considering kallale lak Compare alternative products or services to determine the best buy. Select the product or service and the vendor with which to complete the purchase. Evaluate what went well and not so well in the purchase transaction. According to financie g with a seller? Interact with the seller to develop the actual terms of the purchasing transaction. Step Number Activities Conduct an investigation of the features and price of the good or service and vendor you are considering kal Compare alternative products or services to determine the best buy, 2 2 5 Accord 3 nancial planners, which of the planned buying activities should you conduct during a meeting with a seller? 3 Step Number Activities Conduct an investigation of the features and price of the good or service and vendor you are considering lalalala le Compare alternative products or services to determine the best buy. Differentiate between needs and wants, and prioritize their importance According to financi Compare alternative products or services to determine the best buy, g with a se Steps 1 th Select the product or service and the vendor with which to complete the purchase, Number Activities Conduct an investigation of the features and price of the good or service and vendor you are considering Compare alternative products or services to determine the best buy. accord nancial planners, which of the planned buying activities should you conduct during a meeting with a seller? 5 s 1 through 5 3 4 only Steps 4 and 5 Conduct an investigation or the reatures and price or the good or service and vendor you are considering. lolll le Compare alternative products or services to determine the best buy. Evaluate what went well and not so well in the purchase transaction ccording to financia ng a meeting with a selle Compare alternative products or services to determine the best buy. Steps 1 th Differentiate between needs and wants, and prioritize their importance. Step 4 onl According to financial planners, which of the planned buying activities should you conduct during a meeting with a seller? Steps 1 through 5 Step 4 only Steps 4 and 5