Which of the following statements are true? Children are considered vulnerable consumers because

They are easily influenced: Children are often more susceptible to advertising and marketing tactics than adults. They may not fully understand the persuasive intent behind advertising, making them more likely to believe what they see and hear.

They have limited financial literacy: Children generally do not have a strong understanding of money and the value of goods and services. This can make them vulnerable to overspending or making poor purchasing decisions.

They have limited decision-making capacity: Children's cognitive abilities are still developing, which can limit their ability to make informed decisions. They may not fully understand the consequences of their actions, making them more likely to make impulsive purchases.

They are targeted by marketers: Many companies specifically target children in their marketing efforts, knowing that they can influence not only their own purchasing decisions, but also those of their parents.

They have a strong influence on family purchases: Children can have a significant influence on their family's purchasing decisions. Marketers know this and often target children in an effort to influence the whole family's spending.

They are future consumers: By targeting children, companies can build brand loyalty from a young age, potentially securing future customers. This can make children particularly vulnerable to marketing tactics.