Chapters 22, 23, and 24 Flashcards
Consumer
Person who selects, purchases, uses, or disposes of goods and services
Promotional sale
One that gives you a special buy on a new product or a product that’s in season
Unit price
Cost of an item in a standard unit of measure
Limited warranty
Covers only certain parts of products
Generic products
Plainly labeled, unadvertised, and sold at lower prices
Impulse buying
Purchasing things on spur of a moment
Label
Info on the product that is used to tell you about the product
Shopping list
List of items you plan to buy
Department stores
Provides goods
Most expensive always the best?
No
Which had better prices department or discount stores?
Discount
What are some of the things you can to be a smart shopper?
Bargain shop, make a list, watch out for end caps, and look for sales
Bait and switch
Advertising a product at a lower price to lure you into the store
Recycling
Involves collecting products for processing so they can be used again
Boycott
Refuse to buy a company’s goods and services