What does RRP stand for in the context of buying electronics?

Understanding Payment Plans and Costs

Interactive Video
•
Business
•
9th - 10th Grade
•
Hard

Mia Campbell
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Recommended Retail Price
Retail Rate Price
Reduced Retail Price
Regular Retail Price
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary benefit of paying in installments rather than a lump sum?
Lower overall cost
Immediate ownership without full payment
No interest charges
Shorter payment period
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a laptop costs $2100 and you pay $17.76 per week for three years, how much extra do you end up paying?
$750
$600
$450
$300
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many weeks are there in a year, which is used to calculate installment payments?
54 weeks
50 weeks
48 weeks
52 weeks
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a common consequence of exiting a payment plan early?
You get a refund
You pay an exit fee
You receive a discount
You can keep the item for free
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why might someone choose to pay more over time rather than a lump sum?
To shorten the payment period
To avoid interest charges
To manage cash flow better
To reduce the total cost
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the context of car financing, what does the interest rate represent?
The initial deposit required
The monthly payment amount
The total cost of the car
The extra amount paid over the loan period
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