Consumer Skills

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

• compare the unit price of similar items.

• read reviews from unbiased sources.

• assume that buying the cheapest item is the smartest choice.

• wait for sales to get the best price.

A pack of 24 pencils is more expensive than 12 pencils, but why could buying the 24 pack be the better deal?

• The price of each pencil, or the unit price, is actually cheaper in the 12 pack.

• The price of each pencil, or the unit price, is actually cheaper in the 24 pack.

• The 24 pack comes with a carrying case.

• This statement is false. Buying fewer pencils will always be a better deal.

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.

Making a good purchasing decision requires __________.

• comparing the prices of similar items

• reading reviews of the product

• waiting until the product is on sale, if possible

• All of the above

This is the education of buyers about their purchases.

• Producerism

• Consumerism

• Impulse buying

This headline describes a case involving _________________

• civil rights

• property rights

• employee rights

• consumer rights

Which of the following best describes "impulse buying"?

• Purchasing items after careful consideration of all options

• Buying something under the influence of a temporary emotion

• Planning to buy specific items before entering a store

• Researching products online before purchasing in-store

When you are deciding what to buy, you should NOT

• compare the unit price of similar items.

• read reviews from unbiased sources

• assume that buying the cheapest item is the smartest choice.

• wait for sales to get the best price.

Making a good purchasing decision requires

• comparing prices and features

• reading consumer reviews

• both choices

• neither choice

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

• It helps you check to see if the price is correct

• It helps you located items in the store

• It helps you determine the best deal

• It determines if a coupon is still usable