Spending

Question 1

Mr. and Mrs. Atoll are planning a party for 10 people and want to make sure they have enough soda for everyone to have two bottles. Which of the following makes the most economic sense?

Revolt · Accepted Answer

one case of 24 sodas at $18.50

Question 2

What is the purpose of comparison shopping?

Revolt · Accepted Answer

attempting to find the best deal on a product

Question 3

What is advertising used for? Check all that apply.influencing consumer tastestracking product popularityincreasing product awarenesspromoting company brandinggathering data about potential consumers

Revolt · Accepted Answer

influencing consumer tastes; increasing product awareness; promoting company branding

Question 4

This chart shows the actual pricing history for three items.

Revolt · Accepted Answer

smartphone

Question 5

A monthly fixed rate mortgage payment

Revolt · Accepted Answer

never changes.

Question 6

Why might people choose to rent a home rather than buy a home?

Revolt · Accepted Answer

The property maintenance is the owner's responsibility.

Question 7

At what point does buying in bulk stop being a wise spending choice?

Revolt · Accepted Answer

when the consumer buys more than is needed

Question 8

Read the scenario.Brad has a steady job, earns a solid income, and plans to live in a nearby city for the long term. He is looking to purchase both a car and a place to live, and he is very interested in building up equity and credit.

Revolt · Accepted Answer

buying both a car and a home

Question 9

When companies spend millions of dollars developing logos and slogans, or use celebrity endorsements to encourage consumers to buy particular products, this is called

Revolt · Accepted Answer

product branding.

Question 10

The point at which it is no longer advantageous to buy in bulk is known as marginal

Revolt · Accepted Answer

benefit.

Spending Answers

More from this Course

TRY EDGENUITY HACKS