Consumer Behavior and Competition

Consumer Behavior and Competition

Assessment

Flashcard

11th - 12th Grade

Hard

Created by

Wayground Content

FREE Resource

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40 questions

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1.

FLASHCARD QUESTION

Front

This is the study of consumers and how they make decisions.

Back

Consumer Behavior

2.

FLASHCARD QUESTION

Front

The consumer decision making process begins when consumers:

Back

recognize a need

3.

FLASHCARD QUESTION

Front

The Butter Ball Turkey hotline, 1-800-BUTTERBALL, receives thousands of calls each year. Callers ask a variety of questions about preparing and cooking turkeys. This hotline is an example of:

Back

helping customers be more satisfied with their purchase of a turkey.

4.

FLASHCARD QUESTION

Front

This is an unfulfilled desire:

Back

want

5.

FLASHCARD QUESTION

Front

This is anything you require to live.

Back

need

6.

FLASHCARD QUESTION

Front

This is the amount of income left after paying basic living expenses and taxes. We use this income to purchase goods and services that satisfy our wants.

Back

discretionary income

7.

FLASHCARD QUESTION

Front

This is the amount of income left after paying taxes only:

Back

disposable income

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