Consumer Skills-Revised: Excl 1.2 Advertising

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Which of these is NOT a common type of Identity Theft? Medical Identity Theft, Tax Identity Theft, Social Security Identity Theft, Loan Identity Theft

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Loan Identity Theft

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All of these are traits teens found important in influencers they follow EXCEPT: they are authentic, they have strong credentials, they are funny, they have an attractive style.

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they have strong credentials

Front

All of these are ways that social media has an impact on teen spending EXCEPT...
social media constantly nudges consumers to buy products they have viewed,
social media has made it easier than ever to buy immediately on impulse,
consumers are influenced to buy items related to appearance or experiences,
influencers typically encourage consumers to save money rather than spend

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influencers typically encourage consumers to save money rather than spend

Front

This way of influence claims someone is an expert even if they may not be:

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authority

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All of these are strategies of comparison shopping EXCEPT...
reading reviews, checking competitor prices, considering the brand reputation, shopping exclusively online

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shopping exclusively online

Front

Which of these qualities should be LEAST important when considering purchasing a product? Options: the quality of the product, how many of your friends have the product, how long the product will last, the performance of the product

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how many of your friends have the product

Front

When a store agrees to sell their product at a lower price being offered at another retailer, this is

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price matching

Front

Which of these methods of shopping has the LARGEST negative impact on the environment? Options: Climate change and environmental issues (Painted marble), buying exclusively online with expedited shipping, looking for the product you want in stores and then buying it online, buying exclusively online with slower shipping, looking for the product you want in stores and purchasing it there

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looking for the product you want in stores and then buying it online

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Which statement is TRUE about the hidden fees consumers frequently encounter while making purchases? Options: Hidden fees are illegal in most states in the U.S., hidden fees are a widely accepted practice despite customer dislike, hidden fees are rarely successfully disputed and not worth the effort, hidden fees cost businesses millions of dollars in lost sales annually.

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hidden fees are a widely accepted practice despite customer dislike

Front

Which of these accurately describes a common relationship between consumers and subscriptions?
consumers forget how many subscriptions they have and how much they cost,
consumers tend to save money by signing up for lots of trial subscriptions,
consumers tend to overestimate what they pay in subscriptions each month,
consumers have been spending less on subscriptions in recent years

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consumers forget how many subscriptions they have and how much they cost