Chapter 13 - Shopping Flashcards

1
Q

Describe the decision-making process. DECIDE

A
DEFINE the decision 
ENQUIRE about possible choices
CONSIDER the choices
INVESTIGATE the results of different courses
DECIDE on a plan and put it into action
EVALUATE the results
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2
Q

Name three factors effecting decision making.

A
  1. Needs and wants: What we must have/what we need to have
  2. Resources: The amount of money and time available
  3. Priorities: What is important to us
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3
Q

Name and describe 4 shopping outlets.

A
  1. Department Stores: Wide range under one roof e.g. Furniture, clothes, electronics.
  2. Supermarkets: Self-service stores, wide range of goods. Some have bakeries and and takeaway foods e.g. Tests
  3. Multiple Chain Stores: Countrywide self-service shops with their own layout and brands e.g. Dunnes Stores
  4. Voluntary Chains: Independently owned supermarket chains e.g. Spar
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4
Q

Name 5 changes is shopping practises

A
  1. Increased competition has meant better prices for consumers
  2. Fewer shops give credit
  3. Shops stock a wide range of goods
  4. Many shops open late on Sundays, and 24hrs
  5. Home delivery services available
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5
Q

Name 3 advantages of self-service.

A
  1. Quick and convenient
  2. Wide range of goods available
  3. Own-brand goods are competitively priced
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6
Q

Name 3 disadvantages of self-service.

A
  1. More temptation on impulse buy
  2. Credit is not usually available
  3. An be long queues
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7
Q

Name 3 advantages of counter service.

A
  1. Personal service
  2. Device offered
  3. Credit sometimes offered
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8
Q

Name 3 disadvantages of counter service.

A
  1. Higher prices
  2. More staff are needed, so higher costs
  3. Smaller selection of goods
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9
Q

Name 5 techniques used in stores to encourage consumers to buy goods.

A
  1. Heavy goods located at front - use trolled
  2. Essentials at back - must walk through e.g. Milk, Bread
  3. Essential items on low shelves, luxuries at eye level
  4. Smell of fresh bread is spread around a shop
  5. Food sampling encourages impulse buys
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10
Q

Name 5 guidelines for shopping.

A
  1. Always make a list and stick to it
  2. Avoid impulse buying
  3. Bring a shopping bag
  4. Check the dates
  5. Keep receipts in case something happens
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11
Q

How is technology used in shops?

A

Computerised cash registers which read barcodes. Barcodes give details of the product and help stocktaking.

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12
Q

What are own brands?

A

A shop’s own label e.g. Tesco

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13
Q

What is the unit price?

A

Goods priced according to a unit of measurement e.g. Per Litre

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14
Q

What is bulk buying?

A

Buying goods in large quantities to save money.

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15
Q

What is loss leader?

A

Goods sold at a loss

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16
Q

Describe ‘cash’

A
  • Quick and Easy
  • May be inconvenient for expensive items
  • Cash can be lost or stolen
17
Q

Describe ‘cheques’

A
  • Safer and more convenient then cash
  • Current account required to write cheques
  • Easy to overspend
18
Q

Describe ‘credit cards’

A
  • Safer and convenient
  • Has 28 days to pay the bill
  • Credit may be interest free of balance cleared on time
19
Q

Describe ‘credit cards’.

A
  • Money taken from persons current account within 2 days
  • Extra cash can be withdrawn
  • Safe and convenient