The consumer decision process begins with a comparison of available alternatives. true or false

False.

Explanation:

The consumer decision process can be defined as a model that represents the steps that the consumer goes through before, during and after making a purchase.

The beginning of the purchase decision process comes about because of a need that the consumer finds and then seeks a product or service that satisfies that need. The second stage is the search for information about past experiences with a certain product or the search for information from external sources. The third step then is to evaluate the alternatives available on the market.

So this statement is false.

answer; ///product strategy;

answer: in the short-run firms will respond by raising the price of turkey.

explanation: initially the long-run equilibrium is at a price of $5 per pound of turkey and a quantity of 50 million pounds per year. now, when webmd claims that a protein found in turkey will increase your expected lifespan by 4 years. the consumers demand for turkey will increase at every price shifting the demand curve to the right from d1 to d2. while, there will be no change in the supply curve in the short-run as it is not possible for producers to adjust supply so quickly. as a result the new equilibrium will occur at a higher price and a higher quantity of turkey.

thus, in the short run firms will respond by increasing the price of turkey, selling more quantity at a higher price and earning economic profits.