Ramsey Vocab Chapter 5

Front

Why do stores like scan and go options, apps, and one-click purchases?

Back

It makes paying easier and faster, so customers are more likely to overspend.

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MA.912.FL.3.2

Front

As an effective marketing strategy, companies pay a lot to ....?

Back

Have their products strategically placed in the store.

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MA.912.FL.3.2

Front

What does it mean to develop power over purchase?

Back

You are able to slow down and think through your motives before buying somethings.

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MA.912.FL.3.2

Front

Companies use marketing to get your prefrontal cortex off line so you'll be vulnerable to impulse purchases. True or False?

Back

True

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MA.912.FL.3.2

Front

Americans spend over $2,100 a year on...

Back

Impulse purchases

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MA.912.FL.3.2

Front

What is the digital marketing strategy that tracks users across the web?

Back

Retargeting

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MA.912.FL.3.2

Front

Part of being a smart consumer is being able to....

Back

Say no to an unnecessary purchase

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MA.912.FL.3.2

Front

Why is paying for something in cash a better option than a virtual payment even if it isn't as convenient?

Back

If you make spending less convenient, you're less likely to buy things you don't need.

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MA.912.FL.3.2

Front

Creating a budget, having clear money goals, and slowing down to think through a purchase are all practices of a ...

Back

Wise consumer

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MA.912.FL.3.2

Front

Why does brand recognition help businesses?

Back

It makes their name and logo easily

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MA.912.FL.3.2