Efficient Buying - JSS2 Business studies Past Questions and Answers - page 2
What do needs provide for individuals?
Essential requirements for survival and well-being
Desires for goods and experiences
Guarantees of product satisfaction
What role does emotional impulse play in impulse buying?
None
Significant role
Minor role
How can consumers fulfill their responsibility to make informed choices?
By avoiding research and relying on advertising
By educating themselves about products and services
By ignoring labels and reviews
Why are needs considered essential?
Because they are optional
Because they are optional
Because they are influenced by advertising
What is the primary focus of consumer responsibility?
Mindful consumption and accountability
Maximizing personal gain
Ignoring the impact of consumption
What do warranties provide consumers with?
A guarantee of product satisfaction
A promise to repair or replace defective products
A discount on future purchases
Can you explain the difference between wants and needs?
The difference between wants and needs is wants are things we desire but can live without, while needs are essential for survival and well-being.
How do external stimuli influence impulse buying?
External stimuli influence impulse buying by triggering emotional responses and creating a sense of urgency or desire to purchase.
What are some potential financial consequences of impulse buying?
Potential financial consequences of impulse buying include accumulating debt, overspending, and difficulty in reaching financial goals.
Why is it important for consumers to consider the ethical implications of their purchases?
It is important for consumers to consider the ethical implications of their purchases because their buying decisions can impact social, environmental, and moral issues.