Ch 11 Managing Your Personal Finances - Terms
Terms in this set (19)
The items necessary for maintaining physical life.
Ideals and values that are important to society as a whole.
Advertising intended to promote the image of a store, company, or retail chain.
A long-established practice that takes on the force of an unwritten law.
All activities related to the production and distribution of goods and services in a geographic area.
Advertising intended to promote a general product group without regard to where these products are purchased.
New ideas, products, or services that bring about changes in the way we live.
Items beyond basic needs that add to your quality of life.
An item of merchandise marked down to an unusually low price, sometimes below the store's cost.
The practice of setting prices at uneven amounts rather than whole dollars to make them seem lower.
The value of your next best choice; what you are giving up.
Your likes and dislikes.
Advertising intended to convince consumers to buy a specific good or service.
The goods and services provided by government to its citizens.
An expense that occurred in the past for which money was spent and cannot be recovered.
A specific consumer group to which products are designed to appeal.
Getting something in return for giving up something else.
Tells you how much it costs per ounce or other unit of measure.
The principles by which a person lives.