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10.02 Factors that Influence Spending. Advertising Advertising is designed to attract the consumers attention and promote sales Slogans and jingles are.

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Presentation on theme: "10.02 Factors that Influence Spending. Advertising Advertising is designed to attract the consumers attention and promote sales Slogans and jingles are."— Presentation transcript:

1 10.02 Factors that Influence Spending

2 Advertising Advertising is designed to attract the consumers attention and promote sales Slogans and jingles are created to make consumers remember the ad

3 Advertising One of the purposes of advertising is to give the consumer more choices when making a purchase Advertisers use websites, store windows, point-of-sale, and print media (even phone books)

4 Celebrity Endorsing Consumers need to remember that celebrities are paid by the manufacturer to appear in the advertisement (they may or may not actually use the product)

5 Think About Your Purchases Items should only be purchased after careful consideration  Do you really need the product?

6 Impulse Buying Impulse buying is purchasing something that the consumer didn’t originally intend to buy A good way to avoid impulse buying in a grocery store is to follow a specific list of items that you need (don’t shop hungry!)

7 Product Labeling Gives the consumer some information about the product

8 Faulty Products If a consumer purchases a faulty product (one that doesn’t work as intended), they should first take it back to the store that they purchased it at Consumer’s Right to Redress = a consumer has the right to a refund or a replacement when products don’t work properly


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