You should wait this long before making a purchase.
What is overnight.
100
People who know how to sell spend thousands of dollars and hours sitting in a classroom learning how to talk to you - to serve you, to assist you in your decision to buy their stuff. This marketing tactic is known as.
What is Personal selling
100
The process of communicating the value of a product or service to customers.
What is marketing.
100
They have the strongest influence over your purchase decisions.
What is a friend.
200
When you wake up the next day and regret your purchase
What is buyer's remorse
200
When buying insurance or investments, you should always do this.
What is understand them.
200
This marketing tactic uses money and easy payments as a marketing tool. They don't want you to think about how much something actually costs, rather how much down and how much per month.
What is financing.
200
Feeling regret or concern after making a large purchase
What is buyer's remorse.
200
This causes you to pay more this year for the same items you purchased last year.
What is inflation.
300
We all have that spoiled, grocery store kid living inside of us. His name is
What is immaturity
300
Money spent here, cannot be spent there.
What is opportunity cost.
300
This marketing tactic is used in TV, radio and Internet advertising. The messages become familiar and accepted as true over time.
What is repetition.
300
The persistent increase in the cost of goods and services or the persistent decline in the buying power of money
What is inflation
300
A good salesman will answer and question with this.
What is another question.
400
When it comes to spending, adults need to devise one of these.
What is a plan.
400
Young adults who are not yet married should find an accountability partner, someone with whom you can discuss big purchases. Otherwise known as this.
What is counsel
400
When marketing causes you to position a product in your mind to be associated with a certain value.
What is brand recognition.
400
A spur-of-the-moment, unplanned decision to buy a product or service.
What is impulse buy.
400
What 3 things should you consider when making a significant purchase?
What is your buying motives, opportunity cost, and should you save and pay with cash.
500
When it comes to big purchases, the right way is this.
What is to save and pay cash.
500
Consider these when you are buying something.
What is motives.
500
This product positioning marketing tactic is meant to influence impulse buying.
What is shelf positioning.
500
An economic system based on a free market, profit motive, open competition and private ownership of the means of production.
What is capitalism.
500
List the four common marketing tactics
What is personal selling, financing, repetition, and product positioning.