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Chapter-fifteen

QuestionAnswer
What are some wise buying strategies? identify you needs or wants, know the choices available, determine your desired satifcation, evaluate alternative, and make the decision.
What is a unit price? A price per unit of measure.
What is a brand? a name given to a product or service to distinguish it from other similar and competitive items.
What are three different types of brand names? National brands, Store brands, and generic brands.
What is impulse buying? Buying a product too quickly without comparing it to other products.
Why can impulse buying be harmful to a consumer? When you buy expensive items can be costly.
What is the best way of avoiding impulse buying? Usine a shopping list.
What is the consumer movement? To fight against unfair business practices.
What is fraud? Fraud occurs when consumers are given false imformation in an effort to make a sale.
What is a guarantee? A promiseby the manufacturer or dealer, usually in writing, that a product is of a certain quality.
What is an express warranty? Made orally or in writing and promises a specific quality of performance.
Created by: stephhansen
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