Definitions
A person who buys goods and services is a______.
Consumer
It is important to strive to save what percent(%) of your monthly income?
10% or more
Buying treats every day in the lunchroom is an example of a ___________.
Habit
A store that has a wide variety of different merchandise is known as:
Department Store
Slogans, endorsements, emotional appeals, and cartoon characters are all used in ______.
Advertising
The amount of money one earns or receives regularly is known as __________.
Income
Adding up the long-term cost of spending habits can help you decide what?
If it's a good idea to continue these habits
A current style that may go out of fashion quickly is considered what?
Fad
The kind of store that has one certain type of merchandise is known as what?
A specialty store
A famous person encouraging you to buy a product is known as what?
Endorsement
The goods and services on which one spends money are known as ____________.
Expenses
What is the #1 most common financial mistake people make?
Spending more money than they make
Buying the first item you see is a better idea than taking time to compare prices and quality.
True or False
False
A store that has steep discounts for consumers because the merchandise is considered "used."
Thrift Store
A catchy song or phrase used in advertising is known as what?
An emotional appeal
Essential purchases are known as ____________.
Needs
A spending plan is called what?
Budget
Evaluating similar items to check quality and price is called comparison shopping.
True or False
True
What is a store that has good discounts on certain brands or merchandise because of a manufacturing error?
Factory Outlet
A short and striking or memorable phrase used in advertising
Slogan
Purchases that are not essential are known as ___________.
Wants
Sometimes you have to put off buying things you want so you have enough money for the things you need.
True or False
True
People your age are considered what?
Peers
What are the top three ways to build your credit score?
Open your first credit account, get a secured card, and pay off your card every month.
What is Ms Virka's favorite treat?
Cookies