Which statement best describes how to comparison shop?

Consumer Skills Unit Test

Quiz
•
Financial Education
•
7th Grade
•
Hard

Chiamaka Anako
Used 2+ times
FREE Resource
25 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Buy many brands of the same item, see which you like best, and return all the rest
Set a budget, decide what features you want, and see which stores/brands best fit your needs
Visit many stores and ask the salespeople to lower the price until one offers something you can afford
Start your own website that compares the current store prices of items you shop for regularly
2.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
You're going to buy a new bicycle. What should be one of your first steps in comparison shopping?
Decide what bicycle features you care most about
Visit the store that sells the least expensive bicycles
Locate a coupon for bicycles
Sell your old bicycle
3.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Randall needs to make two purchases today -- a box of donuts to share with his homeroom and a pair of running shoes for the upcoming track season. For which item should he do MORE comparison shopping?
Neither -- both of these purchases are very easy
The donuts -- because he wants to get a lot of flavors
The shoes -- because they need to fit well and last for the whole season
Both -- you should comparison shop for every item you buy
4.
MULTIPLE SELECT QUESTION
3 mins • 1 pt
What Science Says About Discounts, Promotions, and Free Offers:
Which of these are correct from the article that we read in class
(SELECT the 3 correct statements)
Discounts encourage new trials. If a store offers even a small discount, shoppers are more likely to buy a new product.
A personal shopper is the most valued amenity, many shoppers will not shop at a store if they are not given a personal shopper.
Coupons create happiness. study revealed that a $10 coupon increased shoppers’ oxytocin (hormone that produces feelings of love)
The price and power of free. Free samples allow people to try new things and also start the relationship with a new brand
positively.
Early birds, If a store allows shoppers into the store earlier, the shoppers are likely to spend more money.
5.
MULTIPLE SELECT QUESTION
3 mins • 1 pt
Sofia wants to buy a new pair of jeans. At Pants World, the jeans she wants cost $40 and they're having a 25% off sale. At All Clothes, the same jeans cost $38 and she has a $6 off coupon. What is the best deal?
Purchase at Pants World, because the cost after discount will be $15
Purchase at Pants World, because the cost after discount will be $30
Purchase at All Clothes, because the cost after coupon will be $32
Purchase at All Clothes, because the cost after coupon will be $34
6.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
A popular promotion at stores is "Buy One, Get One Free." Why do stores offer this deal to their customers?
Stores promote the deal but make you pay for the second item anyway once you're at the cash register
Stores make money because you still have to pay taxes on the second item
Most stores are not trying to make a profit, so it doesn't matter if they give away free items
Great deals convince customers to buy things they don't need and stay loyal to the store or brand
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
On a restaurant receipt, you will commonly find each of these items EXCEPT...
The date and time of your dining
The total cost of your food and drinks
The tax and tip that were added to your bill
The total money in the bank account you used to pay
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