| A | B |
|---|
| bartering | exchanging goods or services with another |
| bias | a preference that might prevent partial judgment |
| conspicuous consumption | purchasing something to impress another can see you |
| credentials | licenses, certificates, or degrees saying someone is qualified |
| critical thinking | applying reasoning strategies in order to make sound decisions |
| fads | styles followed with great enthusiasm for a short time |
| family life cycle | the series of stages through which a family passes |
| goals | Targets for what you want to accomplish |
| impulse purchase | buying something on a whim (just because) |
| management | the processing of using resources effectively |
| needs | Things you must have in order to live. |
| opportunity cost | give up one resource to grab another |
| priorities | Your judgments about the relative importance of alternatives |
| procrastinate | putting off a decision |
| resources | anything that is useful to help achieve goals or solve problems |
| scarcity | limited resources |
| standards | Established levels of quality or quantity to measure against |
| status symbols | possessions or activities giving social or economic prestige |
| values | strongly held beliefs and principles about what is worthwhile |
| wants | Things you desire but that are not required in order to live. |
