Making Spending Decisions

Question 1

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

Revolt · Accepted Answer

to influence consumers

Question 2

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

Revolt · Accepted Answer

marginal cost

Question 3

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

Revolt · Accepted Answer

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

Question 4

The chart shows pricing and payment options for three big items.

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taking out an installment plan

Question 5

The advertisement is promoting a soft drink.

Revolt · Accepted Answer

It claims to be naturally delicious.

Question 6

Consumers usually save the most money on major purchases when they

Revolt · Accepted Answer

save up to pay with cash.

Question 7

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.

Revolt · Accepted Answer

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

Question 8

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

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the terms outlined in the paperwork.

Question 9

Which of the following is an unhealthy motivation for donating money to charitable organizations?

Revolt · Accepted Answer

to make yourself feel important

Question 10

The graphic compares two basketball shoes.

Revolt · Accepted Answer

the Air Slammers because they are the best price

Making Spending Decisions Answers

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