Consumer Choice

A consumer is someone who purchases goods to satisfy ....

• Needs and Desires

• Wants and Hopes

• Needs and Wants

• Desires and Wants

Purchasing a product with little thought for consequence is known as

• Impulse buying

• Free market economics

• Splurging

• Consideration

Which of the following is a disadvantage of buying on the internet?

• You may have to pay for delivery

• If the product is faulty it can take time and effort to get fixed

• Unsafe websites pose a threat to your financial security

• All of the above

7-Eleven is an example of a

• Specialty Store

• Convenience Store

• Department Store

• Supermarket

Which of these is not a factor affecting consumer decisions?

• Gender & Age

• Service & Price

• Finance & Education

• Marketing & Convenience

Which of the following statement is false? .

• A person’s gender influences some types of purchases.

• Our wants change over time.

• Consumers want to pay the highest price for the best quality.

• Some consumers wish to purchase environmentally friendly goods

Which of the following are examples of wants?

• DVD’s, perfume and shelter

• Personal computer, movie ticket and a pair of Nike shoes

• Food, car and clothing

• Water, watch and a DS

An intangible good that is provided by an individual or organisation

• service

• good

• product

• consumer

A person who buys goods and services

• consumer
• entrepreneur
• resource
• currency

another word for money

• barter
• economics
• currency
• price