Ch. 7 and 8 review

Front

Which of these places would you typically NOT find a good deal? online auctions, consignment shops, individuals, mall

Back

mall

Front

Sam is bargaining at a furniture store but is unable to negotiate the price down. What should his next step be?

Back

walk away

Front

Your choices as a consumer have no impact on the larger social environment.

Back

False

Front

Being a wise consumer involves developing a variety of skills, from product research to careful comparative analysis.

Back

True

Front

Which is true about the "If I" take away technique?

Back

it involves negotiating the lowest price possible, then throwing something else into the deal

Front

The Federal Trade Commission found that people who reported having more debt than they could handle were more likely to be victims of consumer fraud involving:

Back

credit repair and debt consolidation

Front

Which of these is NOT recommended when you sell something you own?
be armed with information so that you can be sure it's a win-win deal
find an uninformed buyer and charge the highest price possible
get antiques appraised and sell them slightly below that price
make it clear that, as a seller, you have walk-away power

Back

find an uninformed buyer and charge the highest price possible

Front

Which of these would NOT make your money go further? buying clothing on sale, buying only name brand products, negotiating for a lower price, comparison shopping

Back

buying only name brand products

Front

Which of these are important if you are buying things at an auction?
be familiar with the item, don't get caught up and end up paying retail price, set a limit on how much you are willing to pay

Back

all of these

Front

Most of the items at a pawn shop are stolen.

Back

False