Considered purchase

Short description: Concept in economics

A considered purchase is a complex buying decision with a high degree of financial and/or emotional risk and reward.[1] This process requires meaningful investigation and comparison by key decision makers and influencers prior to a transaction.[2] All purchase decisions fall along a spectrum of complexity and consequence depending on the variables and relevant information involved. Unlike an impulse purchase, a considered purchase typically has a long purchase cycle and significant consequences. Considered purchase decisions exist in both the consumer and commercial realms involving both products and services.

## References

1. ↑ "Impulse Vs. Considered Purchase Strategy" (in en). https://www.mediapost.com/publications/article/130774/impulse-vs-considered-purchase-strategy.html.
2. ↑ "Media Planning and Buying Agency | TV, Radio & Digital | Wingman Media" (in en-US). https://wingmanmedia.com/.

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