Teens as Consumers
These are products made for sale
What are goods?
A message to persuade consumers to buy a product or a service
What is advertisement?
What are fixed expenses
A card issued by a bank and is used to withdraw money directly from a persons bank account.
What is a debit card?
A place where you can keep your money or borrow money from
What is a bank?
Work performed by one person for others
What are services
These are ads that describe the features of a product or service, and give facts about its price and quality
What are information ads?
Expenses that vary
What are flexible expenses?
A method of payment which allows you to buy something now and pay for it later.
What is credit?
The money you spend to buy goods and services
What are expenses?
A person who buys goods and services
What is a consumer?
These are ads that connect a product or service to a lifestyle that consumers would like to have
What are image ads
A plan for using your money
What is a budget?
A written order directing a bank to pay the person or business that it is written out to
What is a check?
The amount of money you have coming in
What is income?
When you get to decide what to buy, where to buy, and when to buy something
What are consumer choices?
These are ads that often use actors, sports stars, or other celebrities to endorse or recommend a product
What are endorsements?
An organized list of what you buy and how much you spend
What is an expense record?
A scheduled payment plan in which you put a small amount of money down and make regular payments until you have paid for the item.
What is a layaway plan?
A place to keep your money with the intent of saving it
What are the three factors that influence your buying decisions?
What are peers, habit, and advertising?
The means of communication by which advertisers send their messages
What is media
This helps you put money aside for unexpected needs and for the future
What is a savings plan?
The fee the bank pays you for the use of your money
What is interest?
A type of account you would have if you need to make several withdraws each month by check or debit card