Consumer Strategies

Front

What is Buyer's Remorse?

Back

Regret following a purchase, especially common with an impulsive purchase.​

Front

What are brokers?

Back

An intermediary that acts as an agent for buyers or sellers to arrange trade.

Front

What is Price Discrimination?

Back

The practice of offering the same product at a different price, depending on customer need.

Front

What is a quality discount?

Back

The practice of offering a different unit price for the same product, depending on quantity purchased.

Front

What is a scam?

Back

A fraud based on trust.

Front

What is an example of a shopping process? Options: Should you buy more and pay more but get a cheaper price? Should you pay more for a well known brand or buy the generic? Should you look for a Guarantee or a warranty or consider long term repair cost?

Back

All of these answers are correct

Front

What is the FTC (Federal Trade Commission)?

Back

the legal body with the most direct responsibility for consumer issues at the state level.

Front

What is the BBB (Beter Business Bureau)?

Back

A legal organization also helps with ensuring the legality of business, practices and products.

Front

True or false: You should give up personal information to a potential scammer?

Back

False

Front

What does it mean if you loan a car?

Back

you will be paying monthly for the agreed upon months. ​