A major purchase decision that a household or organization would face

Read:

  • Unit 7: Reading Assignments [Attachment]
  • Ktalmassov, K. (2019, April 3). Hierarchical Bayesian Modeling in R for marketing program evaluation. https://medium.com/@italmas2010/hierarchical-bayesian-modeling-in-r-for-marketing-program-evaluation-bc4674e69ff1
  • PyMC Developers. (2020, November 1). A Bayesian approach to media mix modeling by Michael Johns & Zhenyu Wang. [Video] YouTube. https://youtu.be/UznM_-_760Y 

For the ESSAY:

  • Identify a major purchase decision that a household or organization would face. 
  • Identify several different people who would have a voice in this decision. 
  • Explain the role (leader, veto, consultation, or inform) that each would want to play.
  • Explain the role that each should be allowed to play.  

***Note: Be sure to use in-text citation and provide references for your sources, including textbooks. 

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