1.What Is Comsumption

Question 1

What factors affect consumer habits?(8)

Answer 1

Income, age, stage, gender, surroundings, values, advertising and prices

Question 2

Why do consumer behaviors change? (3)

Answer 2

Income, age, new technology.

Question 3

Explain disposable income

Answer 3

Money that you have after you pay for life. (Deductions)

Question 4

What is the difference between an source deduction and your bills?

Answer 4

Déductions= money employer takes off pay check
Bills= payed with disposable income.

Question 5

How can consumers increase purchasing power?

Answer 5

Crédit

Question 6

How does advertising impact consumption?(2)

Answer 6

Increases consumption, influences consumers.

Question 7

Explain the term opportunity cost

Answer 7

A sacrifice, a choice or trade off

Question 8

List the characteristics of a consumer society.(6)

Answer 8

Overconsumption, access to credit, advertising, low cost, mass production, planned obsolescence.

Question 9

Explain planned obsolescence

Answer 9

Consistently changing products or making sure they break overtime so that people keep buying.