Consumer Choice Review

A consumer is someone who purchases goods to satisfy ....

• Needs and Desires

• Wants and Hopes

• Needs and Wants

• Desires and Wants

Which of these purchasing options is best for comparison shopping?

• Magazine

• In Person

• Radio Ad

• Internet

The police force is an example of what?

• Individual Good

• Individual Service

• Collective Good

• Collective Service

An estimate of expenditure and income over a set period of time is known as?

• Shopping List

• Budget

• Resume'

• Balance Sheet

Which of the following is NOT a consideration when deciding on a career?

• Required education and training

• Personal Abilities

• What the job market looks like

• Interest Rates

Purchasing a product with little thought for consequence is known as

• Impulse buying

• Free market economics

• Splurging

• Consideration

Which of the following is NOT an advantage of comparison shopping?

• Avoiding sales tax

• Avoiding impulse purchases

• Research educates you about the negatives and positives of a product

• Getting the exact product you need for the price you want

What is the correct order of the distribution process?

• Retailer - Wholesaler - Manufacturer - Consumer

• Wholesaler - Consumer - Manufacturer - Retailer

• Manufacturer - Wholesaler - Retailer - Consumer

• Consumer - Retailer - Manufacturer - Wholesaler

Which of the following is a disadvantage of buying on the internet?

• You may have to pay for delivery

• If the product is faulty it can take time and effort to get fixed

• Unsafe websites pose a threat to your financial security

• All of the above

Which of the following is NOT a retail store

• Foot Locker

• Woolworths

• AMAZON

• David Jones