RAMSEY CLASSROOM CHAPTER 5 REVIEW
NEW REVIEW SOLUTION UPDATE QUESTIONS
AND ANSWERS 2023
--will often cause you to spend more than you've budgeted for a category. - ANS impulse buying
You're a victim of-- if someone used your card without your permission. - ANS card fraud
Your brain uses the-- to process and manage stress responses. - ANS amygdala
Identifying a specific product by its logo, jingle, or name is called-- - ANS brand recognition
If you've ever bought something and then felt guilt or regret later, you've experienced ---. - ANS
buyer's remorse
--occurs when you use shopping to change or boost your mood. - ANS retail therapy
--is all the ways the value of a product or service is communicated. - ANS marketing
--is when someone else uses your personal information to commit fraud. - ANS identity fraud
When you choose to spend your money now instead of investing it so it's worth more in the
future, you experience the - ANS opportunity cost
Since it's where most young adults spend their time, 50% of retailers spend at least half of their
marketing money on - ANS mobile social advertising
What's the first thing you need to have so you can develop power over purchase?
Cash
A budget
A credit card
Mobile pay - ANS a budget
Where's the main place a young adult can find daily examples of targeted marketing?
Social media
Radio
Television
Billboards - ANS social media
Short, entertaining ads on social media are called what?
