Question

Ronnie walked into the electronics store and fell in love with a stereo speaker. The speaker cost $500. Since Ronnie only had $ 60, he decided to use his credit card to purchase the $500 speaker.

In two or more complete sentences explain whether or not Ronnie’s purchase is an example of an impulse purchase?

Pleas give a good answer!

Answer 1

Answer:

yes it is, if he purchase it, then he will be in debt of 440 dollars.

Step-by-step explanation:

Answer 2

Answer: This is most definitely an impulse purchase because Ronnie had not planned to buy the stereo speaker, but had a impulse to buy it even  when he didn't have the money. Had he already decided he wanted the stereo and went to the store to buy it that would not be an impulse purchase it would be a planned purchase.