Chapter 5 Beware and Be Wise

An example of discretionary spending is .

• Utilities and food
• Transportation
• Monthly rent
• Nonessential goods and services

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

• It’s harder for customers to pay, so they end up saving money.
• It makes paying easier and faster, so customers are more likely to overspend.
• Digital pay is the way of the future, and retail stores like being ahead of the times.
• It's easier for the retail store clerks.

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

• Have their products strategically placed in the store.
• Get you to dislike their branding.
• Confuse you about their product.
• Choose a brand similar to theirs.

When someone steals and uses your debit or credit card info, that's called _____ .

• Networking
• Borrowing
• Fraud
• Authorized spending

To think big picture, you need to understand that . . .

• A. The best way to have more money is to have contentment.
• B. The best way to be content is to have more money.
• C. Your goals are less important than buying the latest and greatest stuff.
• D. You can buy happiness.

Companies use marketing to get your prefrontal cortex offline so you'll be vulnerable to impulse purchases.

• True
• False

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

• Impulse purchases
• Entertainment
• Groceries and eating out
• Credit card fees

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

• Retargeting
• Native ads
• YouTube videos
• Content marketing

Before you insert your debit card at the gas pump, you should always . . .

• Check out the card reader to see if it looks different, loose, or worn
• Make sure you have enough money in your account
• Ask the store clerk if there has been a thief here lately
• Pay cash—never use a card at a gas pump

It's your right as the consumer to . . .

• Pitch a ft if you don't like the product you just purchased, and demand a refund
• Buy whatever you want, as long as you don't go into debt over it
• Expect a product to live up to the quality promised to you before you purchased it
• Keep a product even if it malfunctions or has manufacturing issues