Unit 2 Vocab Practice

What is commission?

• An item or product that gives the best value for money out of all its competitors

• The sum paid to an employee for completing a task, which is usually to sell a certain amount of goods or services

• A voucher entitling the holder to a discount for a particular product

• Removing money from a customer’s bank account immediately after a purchase

The "Bait and Switch" tactic is when a company ​​ (a)   goods at a very ​low price with the intention of substituting them in for inferior or ​ (b)   alternatives at the time of purchase.

• advertises
• pricier
• discounts

The "better buy" is an item or product that gives the _______ for money out of all its competitors

• worst value

• best value

In order to get a ​ (a)   , you must make a ​return.

• return
• deposit
• withdrawal
• purchase

Sales tax is tax on goods that gets paid to ​ (a)  

• the government
• you
• your school

Total cost is the cost of something after all ​ (a)   and ​ (b)   have been applied

• discounts
• taxes
• deposits
• commission

Organize these definitions into the right categories

Groups:

(a) Credit

,

(b) Debit

• Obtaining goods or services before payment, with trust that payment will be made in the future

• Removing money from a customer’s bank account immediately after a purchase

• Buy now, pay now

• Buy now, pay later

Match the following

• Entitles the holder to a discount

• Sale Price

• The discounted price

• Purchase

• Buying something, spending money

• Discount

• Bringing something back for a refund

• Return

• A deduction from the usual cost

• Coupons

A gratuity/tip is a sum of money that a ​ (a)   gives to someone as a way of ​ (b)   them for their services

• customer
• rewarding
• disappointing
• boss

A transaction is:

• An item or product that gives the best value for money out of all its competitors

• The cost of something after all discounts and taxes are applied

• A voucher entitling the holder to a discount for a particular product

• Buying or selling something, and involves the action of exchanging money for goods