ECONOMICS
DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Expenses exceed income.
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Use of debt and credit increases.
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Credit counseling becomes necessary.
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Impulse buying occurs on a regular basis.
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Detailed explanation-1: -Impulsive buyers have low levels of self-esteem, high levels of anxiety, depression and negative mood and a strong tendency to develop obsessive-compulsive disorders.
Detailed explanation-2: -Unfortunately, impulse buying can lead to a host of negative outcomes, including financial strain [69], feelings of guilt, shame, and regret [55, 89], and strain on personal relationships [55].
Detailed explanation-3: -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-4: -Personality traits also have an important role in impulse buying. Impulsive buyers have low levels of self-esteem, high levels of anxiety, depression and negative mood and a strong tendency to develop obsessive-compulsive disorders.