kaupákvarðanir
Kaupákvarðanir, often translated as purchasing decisions, refers to the process by which consumers, both individuals and businesses, make choices about what to buy. This process typically involves several stages, beginning with the recognition of a need or want. Following this, the consumer will engage in information search, looking for products or services that can fulfill their need. This search can be internal, drawing on past experiences, or external, involving consulting friends, family, reviews, or advertisements.
The next stage is the evaluation of alternatives. Here, the consumer compares different options based on various