marketing strategies
marketing strategies used by businesses to reel consumers in
What is Repetition, Emotional Appeals, Nostalgia, and Personal Selling? (has to be exact lil bro)
Length you should wait before making any big purchase
What is 1 day?
When this feeling is explained to homebuyers upfront, contract losses drop to almost nothing
What is buyers remorse?
Because of easy credit and marketing, it is often much easier to do this than to stay within your budget.
What is spend more than you make?
Translated from Latin, this phrase literally means "buyer beware."
What is Caveat Emptor?
This strategy involves a sales representative meeting directly with a potential customer to close a deal.
What is personal selling?
a purchase made without thinking about it
What is An impulse buy????? 🤷♀️
Physiological changes often occur in your body when you make a purchase over this specific dollar amount.
What is $300?
Regardless of your income level, you must develop "power" over this action to stay financially healthy.
What is purchase?
These high-stakes marketing advertisements are typically viewed in 53.3 million households.
What are Super Bowl ads?
Marketers use this feeling to influence buyers by connecting a product to a positive memory from the past.
What is nostalgia?
This person helps you stick to your goals and limit spending by checking in on your financial progress.
What is an accountability partner?
This is the term for the regret or guilt felt the morning after making a significant purchase.
What is buyer's remorse?
It is a common financial trap to believe that "stuff" can provide fulfillment or this state of being.
What is contentment?
This "law" of capitalism suggests the burden of checking the quality of a product is on the consumer.
What is Caveat Emptor?
These are highly effective because they bypass logic and target a consumer's feelings, such as fear, joy, or belonging.
What are emotional appeals?
Financial experts generally recommend saving this percentage range of your monthly income.
What is 15-20%?
The average US household has 52 unused items lying around worth this total dollar amount.
What is $3,100?
This economic concept states that money spent in one place cannot be spent in another.
What is opportunity cost?
Companies pay millions for a 30-second spot during this game because of its massive "reach."
What is the Super Bowl?
This strategy involves showing an ad or brand logo multiple times to ensure the consumer remembers it.
What is repetition?
While food and water are considered these, a new phone or a movie ticket is categorized as one of these.
What are wants and needs (Drake reference??)?
Rather than using credit, the right way to handle a big purchase is to save up and do this.
What is pay with cash?
You should follow this rule for all financial products, especially insurance and investments.
What is never buy what you don't understand?
This federal agency, created in 1914, enforces consumer protection laws and stops deceptive or unfair business practices.
What is the Federal Trade Commission (FTC)?