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The Decision-Making Process Simplified Revision Notes

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The Decision-Making Process

The Decision-Making Process

The decision-making process is a logical way to make good choices as a consumer. It can be broken down into 8 steps:

StepExample
1. Identify the problem and the goalProblem: Liam needs extra money for college. → Goal: Find a suitable part-time job.
2. Research and collect information• Liam searches online job sites. • He asks classmates about where they work. • He visits local shops to see if they're hiring.
3. List possible solutions• Work in a café (flexible hours). • Work in a supermarket (steady shifts).
4. Weigh up the pros and cons• Café: friendly atmosphere, tips, but fewer hours available. • Supermarket: more hours and steady pay, but weekend shifts required.
5. Talk through options with others• Liam talks with his parents, who suggest steady pay is better during college.
6. Make your choice• Liam chooses the supermarket job.
7. Take action• Liam applies, attends an interview, and accepts the supermarket job.
8. Evaluate your action• Liam is pleased: he earns enough, manages college costs, and feels secure with regular hours.

Why Follow This Process?

  • Helps you make wise decisions.
  • Avoids impulse buying.
  • Ensures you weigh up all options and pick the best one for your needs and budget.
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