Buying Insurance

Question 9 • OK-Personal Financial Literacy S1 – EDGNTY-83861 26-27

Which scenario is an example of an internal factor that might help a consumer recognize a need?

Answer

Marco’s friend just bought the latest release of a video game series. He and Marco played the game, and now Marco wants to buy the game for himself so that he can play anytime.

Eshe needs supplies for a school science project. She has made a list of everything she needs. She and her father are going shopping on Saturday to get the items on the list.

Trey notices that his throat is beginning to hurt, and he keeps sneezing. He thinks he might be getting a cold. He decides to go the drugstore to buy some cold medicine.

Hana’s running shoes are starting to wear out. When she hears a commercial for a new eco-friendly running shoe, it reminds her that she will need to replace her shoes soon.

Explanation

An internal factor comes from within the consumer, such as a physical need or feeling. Trey notices symptoms—his sore throat and sneezing—and recognizes that he may need cold medicine. The other scenarios are prompted by outside influences, such as a friend, a planned shopping trip, or a commercial.

AI-written and checked against the verified answer.

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