If Jan Sells 2,500 Glow Sticks on the Fourth of July

question 38

Multiple Choice

If Jan sells 2,500 glow sticks on the Fourth of July at $1.99 each, what will her total profit be if each stick cost her $0.88?

• A)$2,757
• B)$3,000
• C)$2,775
• D)$20,757
• E)$1755

Distinguish between different types of reinforcement (positive, negative) and their effects on consumer behavior.

Understand the concept and application of frequency marketing in reinforcing purchase behavior.

Explain the role of mental processes in cognitive learning and how they influence consumer behavior.

Recognize and explain the concept of gamification and its application in marketing to enhance engagement and mastery.

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Definitions:

Open-End Credit Plan

A revolving line of credit that allows a borrower to make purchases or obtain loans up to a certain limit and repay part or all of the balance over time, with interest charges on the unpaid balance.

Credit Card Issuer

The financial institution or entity that provides a credit card to consumers, extending credit for purchases and cash advances.

FCRA

Stands for the Fair Credit Reporting Act, a federal law designed to ensure the accuracy, fairness, and privacy of information in consumer credit bureau files.

Criminal Penalties

Sanctions or punishments imposed by a court upon individuals or entities found guilty of committing a crime.