Why do stores like mobile pay apps?

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

It’s harder for customers to pay, so they end up saving money.

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.

What does it mean to develop power over purchase?

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

You are powerless in the face of an impulse purchase

You can make decisions very quickly when it comes to purchasing items.

You have power to purchase whatever you want, and you do so.

Americans spend over $600 a month on ________.

Impulse purchases they didn't plan to buy

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

Why is paying for something in cash a better option than mobile pay even if it isn’t as convenient?

You feel the loss of money when you use cash, so you're less likely to overspend.

It’s easier to part ways with cash, so you're more likely to overspend.

It isn't a better option. The perks of mobile pay outweigh the downsides.

It helps the store clerk when you use cash.

Why does brand recognition help businesses?

It makes their name and logo easily memorable for consumers.

It helps the business recognize their own logo.

It keeps the consumer from buying more of their product or service.

It helps them partner with other businesses.

Why should you never buy the extended warranty?

Most retailers will replace or repair the product if it stops working within the first year.

Retail items and products rarely break or malfunction.

You should buy the extended warranty. It is a smart financial decision.

The retailers never keep their promises.

When using mobile pay, real time records of what you’ve spent can help you ___________________?

Make sure you're sticking to your budget

Make quicker decisions when buying

If you're a victim of card fraud . . .

Wait until the next week to contact your bank

Wait for your bank to contact you

Call 911 before making any other purchases

What is the main goal of a retail customer reward system?

To get customers to spend more money in the long run.

To make customers happy through free products and cash back.

To create wise customers who make smart money decisions.

Consumer Awareness

Authored by Octavia Chiles

Mathematics

9th - 12th Grade

CCSS covered

Used 42+ times

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24 questions

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MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first thing you need to have so you can develop power over purchase?

cash

a budget

a credit card

mobile pay

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Where's the main place a young adult can find daily examples of targeted marketing?

Social Media

Radio

Billboards

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Short, entertaining ads on social media are called what?

Retargeting

Content marketing

Snack videos

Native advertising

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When you're buying things online, what should you look for first?

A good price

Good Reviews

Digital payments

An HTTPS site

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What's the main reason why people have trouble being content?

Comparison

Income

Marketing

Patience

Impulse buying is a surefire way for you to do what?

Get a deal

Find personal contentment

Spend less

Bust your monthly budget

An example of discretionary spending is ____________.

Utilities and food

Transportation

Monthly rent

Nonessential goods and services

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Consumer Awareness

What is the first thing you need to have so you can develop power over purchase?

Where's the main place a young adult can find daily examples of targeted marketing?

Short, entertaining ads on social media are called what?

When you're buying things online, what should you look for first?

What's the main reason why people have trouble being content?

Impulse buying is a surefire way for you to do what?

An example of discretionary spending is ____________.

Why do stores like mobile pay apps?

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

What does it mean to develop power over purchase?

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