Discuss what is involved in Life Event 1: Getting started
What will be an ideal response?
Answer: Before you can begin your life's journey, you need to figure out where you are now. Creating an income statement and balance sheet is essential in determining your financial health and establishing a realistic budget. You must establish an emergency fund and have adequate insurance in place to protect your long term savings and investments incase of an unplanned event. Establishing and maintaining strong credit is essential to having access to affordable credit. Establishing realistic goals and creating a plan to achieve them are next. Without a plan in place, the odds of achieving your goals are low.
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A customer buys a can of Pepsi from a Walmart store. In this scenario, Walmart is a supplier in Pepsi's value delivery network
Indicate whether the statement is true or false
When consumers are highly involved with an expensive, infrequent, or risky purchase but see little difference among brands, they most likely will exhibit ________
A) habitual buying behavior B) complex buying behavior C) impulse buying behavior D) dissonance-reducing buying behavior E) consumer capitalism