Sales and Comparison Shopping Flashcard

Front

What is the main purpose of comparison shopping?

Back

To find the best product at the best price

Front

Which of the following is a smart strategy for using a credit card? Options: Using it for all purchases regardless of budget, Paying only the minimum amount due each month, Keeping track of spending and paying off the balance, Taking cash advances whenever needed

Back

Keeping track of spending and paying off the balance

Front

What should you do before going shopping on Black Friday?

Back

Create a shopping list and budget.

Front

What is a 'doorbuster' sale?

Back

A special sale with limited-time offers.

Front

Why is it important to research prices before making a purchase?

Back

To avoid impulse buying and find the best deal

Front

What is one consequence of not paying your credit card bill on time?

Back

Your interest rate may increase.

Front

Which of the following is a benefit of good credit? Options: Higher interest rates on loans, Better chances of getting loans and lower interest rates, More credit card debt, Less ability to rent an apartment

Back

Better chances of getting loans and lower interest rates

Front

What should you do if you find an error on your credit card statement?

Back

Contact the creditor immediately

Front

What is the primary advantage of comparing prices during Cyber Monday?

Back

To find the best deals

Front

What is the best strategy for making the most out of Black Friday sales? Options: Create a shopping list and budget, Buy everything you see, Only shop at one store, Wait until the last minute to decide

Back

Create a shopping list and budget