Ch. 2 Consumer Management Skills

A resource is anything that is useful in the process of achieving __ or solving problems.

Targets for what you want to accomplish

Impartial information about a product may be best obtained from its...

To put off taking action

The A in SMART Goals

You can begin to put your priorities into action by...

Strongly held beliefs and principles about what is worthwhile

One roommate pays for food while an unemployed roommate shops&cooks, they are ___ resources.

Purchasing goods to impress others is called __ __

The R in SMART Goals

Books are examples of __ resources

Your judgments about the relative importance of alternatives

The T in SMART Goals

Things you must have in order to live

The fact that an economic system can't produce all the goods and services that people want

Established levels of quality or quantity to measure against

The process of using resources effectively to reach goals

The problem of __ exists because of limited resources

Bartering does NOT involve...

Goals may be all of the following EXCEPT

I feel like I'm ready for the test tomorrow

To exchange goods or services with another person

An impulse purchase involves,,,

What you give up when you decide to use resources one way rather than another

The M in SMART Goals

__ Reports magazine is a reliable source of information.

Information that you use as the basis of consumer decisions should NOT be...

A New Year's resolution is a kind of...

If a drug study on treating depression was sponsored by the manufacturer, it __

Marketers encourage __ __ by positioning eye-catching displays near the checkout counter

Critical thinking strategies include all of the following EXCEPT...

When you track your progress &adjust your plan, you are at what step of the management process?

Economists define __ __as what you give up when you use resources one way rather than another.

The S in SMART goals

Credit is an example of a(n) __ resource.