Smart Consumer Spending

What is a product that quickly wears out?

• Durable Good
• Consumable Good

What are the steps in the planned buying cycle process? (correct order)

• Research, Buy, Evaluate Product, Write Review
• Research, Evaluate Budget, Prioritize Wants, Buy
• Prioritize Wants, Research, Evaluate Budget, Buy

What type of product is bought with the intention of it lasting for a significant length of time?

• Consumable Good
• Durable Good
• Quality Good 

When you are considering making a purchase, you should always buy new so it lasts longer.

• True
• Fasle

How do you know when a website is secure?

• If there is a badge at the bottom of the webpage
• If the address is "https" rather than just "http"

You should go through the planned buying process (to some degree) with every single purchase you make.

• True
• False

What purchasing options should you consider when shopping?

• New vs. Used
• When to buy
• Where to buy
• All are options to consider

How do you calculate the cost per use for a product?

• total cost × times used
• total cost ÷ times used
• Cannot be determined

Where can you find reviews on products?

• YouTube
• Amazon
• Consumer Reports Magazine
• All are great resources 

When reading reviews about a product, the more people that have reviewed the product the better. 

• True
• False