Study sets, textbooks, questions
Upgrade to remove ads
06.10 Chapter 6 Exam
Foundations in Personal Finance
Terms in this set (12)
When a company places an ad and offers no interest on your purchase for three years:
The cost of the financing is built into the price of the item.
Four common marketing tactics are:
Personal selling, financing, repetition, product positioning
Dave tells the story of a man who bought his dream car, drove it home, but then returned it the next day after some money calculations. This story is an example of:
Which of the following should you consider when making a significant purchase?
All of the above (If you can't pay with cash, don't buy it, Your buying motives, The opportunity cost)
Never buy something you do not fully understand.
Teens have cited "friends" as the strongest influence over their purchase decisions.
Repetition has proven to be an ineffective marketing technique.
An economic system based on a free market, profit motive, open competition and private ownership of the means of production
The promotion of a product or service by identifying it with distinct characteristics; usually associated with public perception, quality, or effectiveness
The persistent increase in the cost of goods and services or the persistent decline in the buying power of money
The process of communicating the value of a product or service to customers
To buy an item with credit; paying over time
Other sets by this creator
Other Quizlet sets
Final/TCOLE Review (BCAPS 254)
Agronomy Chapter 8 Quiz
NIMS- Modules 1, 2, 3 Exams