Personal Finance Ch 10 & 11 Consumer Purchasing Power

Anywhere buyers and sellers meet to exchange goods, services, and money.

• marketplace

• brick-and-mortar store

• consumer cooperative

Retail store that sells directly from a physical location.

• brick-and-mortar store

• t-commerce

• consumer cooperative

Sale of merchandise by phone.

• telemarketing

• t-commerce

• e-commerce

Sale of merchandise on television through shopping networks or TV commercials

• t-commerce

• e-commerce

• telemarketing

Buying and selling goods and services online.

• e-commerce

• t-commerce

• consumer cooperative

Nonretail association owned and operated by a group of members for their own benefit rather than for profit.

• consumer cooperative

• brick-and-mortar store

• marketplace

Amount of money requested in exchange for a product.

• price

• promotion

• buying incentive

Process of communicating with potential customers in an effort to influence their buying behavior.

• promotion

• advertising

• deceptive advertising

Special offer by sellers designed to help sell goods and services

• buying incentive

• advertising

• high-pressure selling

Any paid public announcement promoting the sale of a good or service.

• advertising

• buying incentive

• game of chance