Chapter 7 Vocab Flashcards

1
Q

Consumerism

A

an economic theory that links prosperity to consumer demand for goods and services and that makes consumer behavior central to economic decision making

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2
Q

Bandwagon Effect

A

• Encourages you to buy a product or service because everyone else is.

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3
Q

Emotional appeal

A

• Uses strong emotional language that connects with your fears and desires.

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4
Q

Glittering generalities

A

• Relates the product or service to words or images that promise everything, but deliver little or nothing.

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5
Q

Plain folks appeal

A

• Relates a product or service to the experience of ordinary folks.

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6
Q

Testimonials

A

• Uses celebrities or experts to speak for a product.

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7
Q

Scientific appeal

A

• Uses statistics or scientific data to persuade consumers to buy a product or service.

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8
Q

Boycott

A

A decision by consumers to stop buying a product or service as a way to bring about change

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9
Q

Gross Domestic Product

A

The amount of wealth a country’s economy generates

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