Making Spending Decisions

Question 1

Consumers who agree to a "no interest” installment plan should be aware of

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the terms outlined in the paperwork.

Question 2

The chart shows the pricing history for two items.

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Marlene, who waited six months to buy a phone

Question 3

The graphic compares two basketball shoes.

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the Air Slammers because they are the best price

Question 4

Raul needs to buy a computer for work. The first step in researching the product is to

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examine key features, such as how long it will last.

Question 5

conspicuousemotionalresearchwise

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conspicuous

Question 6

What helps a consumer determine the quantity of something to buy?

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marginal cost

Question 7

When making a major purchase, people should

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consider their future needs.

Question 8

Consumers usually save the most money on major purchases when they

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save up to pay with cash.

Question 9

Which best explains why companies use celebrities to endorse their products?

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to influence consumers

Question 10

Which statements accurately describe financing a purchase? Check all that apply.It requires people to pay the price upfront.It means people take on debt.It allows for an immediate purchase.It means people can buy without debt.It requires that interest be paid.It leads to lower prices paid.

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It means people take on debt.; It allows for an immediate purchase.; It requires that interest be paid.

Making Spending Decisions Answers

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