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chapter 5 econ

QuestionAnswer
caveat emptor means buyer beware
companies use every angle to aggressively compete for your _____ money
you see how many advertisements a day 3,000-4,000
what are the four major ways companies try to get you to buy their prudct personal selling, financing as a marketing took, TV, radio, internet and other media, and product positioning
_____ of 90 days same as cash contracts convert to payments which are usually at 24% APR with rule of 78's prepayment penalty 88%
what are the ways companies position their product brand recognition, color, shelf position, and packaging
a significant purchase is normally anything over _____ $300
our bodies go through physiological changes when making a ________ ________ significant purchase
we all have that spoiled, red faced, grocery store kid living inside of us. his name is _______ immaturity
you can always spend more than you ______. you must develop ______ over ________ make, power, purchase
what are the steps to developing power over purchase wait overnight before making a purchase, consider your buying motives ( no amount of stuff equals contentment or fulfillment), never buy anything you do not understand, consider the opportunity cost of your money, seek wise counsel
spur of the moment purchases impulse purchases
if you go to the grocery store without a list, you spend how much more than you intended 2-3 times more
the average trip to the grocery store is 30 minutes. every minute spent over 30 is a _____ spent dollar
things on end of the aisle with random things end caps
designed to draw you in with low price bc you will buy more if cheaper lost leader
what should you do to not buy impulse purhcases have a plan and stick to it
Created by: jackjack109
 

 



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