The Financial Decisions

Specific objectives that are accomplished through financial planning

• financial goals
• financial planning
• financial well-being
• well-being

Managing money continuously through life in order to reach your financial goals

• well-being
• financial goals
• financial planning
• financial well-being

Managing money in ways that build a sense of understanding, competence, and control

• financial goals
• well-being
• financial planning
• financial well-being

Consumers purchase goods and services

• to satisfy their basic needs and wants

• to keep up with social trends

• because businesses use marketing to make them

• to keep the economy afloat

Consumer decision-making refers to the ways individuals make choices about which products they will purchase to satisfy their needs and wants. The process differs depending on whether the purchase is minor or major. Which of the following is an example of a major decision?

• groceries

• a pair of shoes

• a new home

• the latest game

For a major purchasing decisions, consumers need to: (which one is incorrect)

• Identify needs and wants

• Collect information about products options

• Evaluate the product alternatives against a set of criteria

• Make purchasing decisions that consider the short- and long-term financial consequences

• Buy the first product you see because you like it

Which of the following is not a factor that affects decision making?

• Personal

• Social

• Economic

• Cultural

• Attitude

Personal factors that influence consumer purchasing decisions include ( more then one answer)

• Age

• Marketing

• Occupation

• Personal Taste

FINANCING DECISIONS RELATE TO THE

• DIVIDEND DECISIONS

• ASSETS PROCUREMENT

• RESREVE BUILDING

• ACQUISITION OF CAPITAL

What is required for carrying out business activites?

• Cash

• Debt

• Equity Shares

• Money