ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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sale item
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impulse purchase
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Either A or B
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None of the above
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Detailed explanation-1: -Impulse buying means you purchase something without planning to do so beforehand. Say you’re at the grocery store. The gallon of milk, which is on your list, isn’t an impulse buy. The candy bar that you throw in your cart on a whim, after spotting it on the shelves in the checkout line, is an impulse buy.
Detailed explanation-2: -The 4 types of impulse buying are: pure impulse (like buying candy at the check out), suggestion impulse, reminder impulse, and planned impulse. For social commerce, suggestion impulse, reminder impulse, and planned impulse can all be triggered to convert a sale.
Detailed explanation-3: -Impulsive buying is a consumer buying behavior where you buy something without thoughtful consideration or planning. It’s characterized by a sudden strong urge to make a purchase, usually in response to a positive emotional state such as excitement or happiness.