Consumer Skills

Front

When you are deciding what to buy, you should not...

Back

assume that buying the cheapest item is the smartest choice.

Front

How is a post from a social media influencer different than a comment from a regular consumer?

Back

The influencer is paid to post the product.

Front

What is one of the best ways to get reliable information about a product? Options: Follow a social media influencer, Look for the advertisements, Search online reviews, Ask someone who has never used it

Back

Search online reviews

Front

Which example shows an advantages of owning a car over leasing one? Options: Smaller monthly payments and good warranty to cover repairs., Expiring warranty means that you will get to handle repair payments., No restrictions on the number of miles to drive and customization, You will drive a fairly new car for a limited period of time.

Back

No restrictions on the number of miles to drive and customization

Front

What is the best reason for why someone would want to lease a house instead of buy one?

Back

They are planning on living there for a short period of time.

Front

The price of a single item within a group of items is known as the ______________ of the item.

Back

unit price

Front

Why is figuring out the unit price of something useful when shopping?

Back

It helps you determine the best deal.

Front

Which payment option takes money out of your bank immediately? Cash, Check, Debit Card, Credit Card

Back

Debit Card

Front

Which payment option could have interest charged to you? Cash, Check, Debit Card, Credit Card

Back

Credit Card

Front

Which of the following is NOT a useful strategy when making an informed purchase?
- Calculate the unit price of the product.
- Purchase a product based on a social media influencer.
- Read the online reviews of the product and ask trusted friends who use it.
- Compare your option to similar products.

Back

Purchase a product based on a social media influencer.