Definitions
is forms of communication designed to reach a large number of people.
What is Media
the possession of a body of financial knowledge, a set of basic skills, and the ability to apply knowledge and skills to making informed, responsible financial choices.
What is Financial literacy?
travels in seconds to every corner of the globe.
What is News, entertainment, and information?
Making a purchase without first considering needs, goals, or the consequences of spending money.
What is Impulse Buying?
Participant must wager something to win.
What is Game of Chance?
a government program that provides financial benefits to eligible citizens based on their legal rights.
What is an Entitlement?
Portion of the purchase price paid up front.
What is a Down payment?
Process of gathering information.
What is Research?
Attempting to convince a buyer to make a quick decision.
What is High-pressure selling?
Unwritten promise that a product must be fit for any performance or purpose promised by the seller.
What is Implied fitness?
the worldwide spread and integration of production, markets, communications, and technology.
What is Globalization?
Printed or electronic offer giving a discount for goods or services bought before a certain date.
What is a Coupon?
Critical report about an item.
What is a Review?
Arena in which consumers and producers meet to exchange goods, services, and money.
What is Marketplace?
Completely covers the repair or replacement of any defect in a product.
What is a Full Warranty
is the application of science and research to human life and environments.
What is Technology?
Spending more money than a person can afford to spend.
What is Overspending?
Any paid public announcement promoting the sale of a good or service.
What is Advertising?
Special offer by sellers designed to help sell goods and services.
What is Buying incentive?
Item priced at or below cost to attract buyers in the expectation that they will purchase other merchandise as well.
What is Loss Leader?
a period of slow or no economic growth.
What is a Recession?
Strategy to help an individual make smart choices and get the most of his or her money.
What is a Spending Plan?
Process of gathering information about products to find the best option among similar products.
What is Comparison Shopping?
Buying and selling goods and services over the internet, as well as transferring money or data.
What is E-Commerce?
Any business activity that transpires using a mobile device.
What is M-Commerce?