Spending

Question 1

This chart shows the actual pricing history for three items.

Revolt · Accepted Answer

smartphone

Question 2

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 3

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 4

Read the scenario.Raoul has just been promoted to a supervisor’s position, which is a steady job. He likes to enjoy life, take vacations, and change things up every now and then. That’s why he will not have a lot of extra money to spend on repairs and maintenance on his car.

Revolt · Accepted Answer

lease a new car.

Question 5

Which option below is not a potential risk of purchasing a used car?

Revolt · Accepted Answer

used cars can have lower initial cost

Question 6

What is the purpose of comparison shopping?

Revolt · Accepted Answer

attempting to find the best deal on a product

Question 7

Which details apply to a financing contract? Check all that apply.

Question 8

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 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

Which activity is done in Step 2 of comparison shopping?

Revolt · Accepted Answer

Assess the purchase objectively.

Spending Answers

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