Consumer Ed Vocab Ch. 7
Terms
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- Conspicuous Consumption
- A practice in which a person buys luxury goods to impress others with his or her apparent wealth and sucess.
- Cooperative
- A business organization that is created, owned, and operated by and for the benefut of its members.
- Habit
- the tendency to follow a fixed pattern of behavior
- Impulse Purchase
- an unplanned or spur-of-the-moment purchase.
- Life Stage
- a particular perod of life shared by many individuals.
- Lefestyle
- a way of living
- Retail Stores
- business establishments that sell goods and services to the general public.
- Sales Promotions
- Sales activities that stimulate consumer purchases
- Status Symbol
- Sign of high rank or financial success
- Values
- Principals or qualities that you find desirable or worthwhiled.