Test: Chapter 22 – Making Consumer Decisions

Front

What is the definition of a consumer?

Back

Someone who selects, purchases, uses, and disposes of goods and services

Front

What is a budget?

Back

A plan specifying how money will be allocated or spent.

Front

What is a brand name?

Back

A trade name for a product or service produced by a specific company.

Front

What are generic products?

Back

Plainly labeled, unadvertised products sold at lower prices than brand-name goods

Front

Why might it be better to buy an air conditioner in the winter?

Back

Prices are lower because of decreased demand.

Front

What is one key difference between department stores and discount stores?

Back

Department stores sell goods at higher prices with more services.

Front

Which type of store carries a variety of goods but focuses on one or a few related product lines?

Back

Limited-line retailers

Front

What is the primary feature of superstores?

Back

They sell groceries and additional items like books and clothing.

Front

What is a key benefit of comparison shopping?

Back

It helps determine the best value for money.

Front

Why might a consumer choose a convenience store over a warehouse store?

Back

Convenience stores provide easy access to necessities.