Purchasing
What is power over purchase?
A coupon is an example of a
Promotion
Why is paying for something in cash better than virtual payments?
It makes spending more difficult.
Careers in the _____ field are likely to pay among the highest salaries. Think of a building we have here on campus
STEM
What is an entrepreneur?
Someone who starts and runs their own business
Americans overspend $2,100 a year because of what type of purchasing?
Impulse
Why is brand recognition important for businesses?
It helps consumers remember their logo
What is contemptment.
Being happy with what you have.
Where would you go to school if you wanted to be an electrician.
Trade school
What is a characteristic of entrepreneur?
Risk taker
Why do stores like scan and go options?
It makes paying easier and faster.
How does digital marketing track users?
Retargeting
Stealing someones credit or debit card and using it is an example of?
fraud
About how much more do college grads earn than someone without a degree?
50%
Because they manage many different tasks
What is a an effective marketing strategy? Think of walmart...
Strategically place products in a store
What is present bias?
Focusing on immediate rewards.
If I buy something just because everyone else is it is called?
Herd Mentality
What is something employers will look at before hiring a candidate?
Reviewing the candidate’s social media posts
Give me an example of a soft skill?
Teamwork
How does herd mentality affect decisions?
It leads to poor choices.
How can consumers limit impulse purchases?
By delaying purchases
What is an example of a hard skill?
Computer skills, typing, accounting etc?
Which takes longer to complete?
College or a trade school
What is a disadvantage of gig employment.. like mowing yards.
It does not earn a regular or fixed income.