Consumerism

Define the term consumerism.

• Consumerism is a movement that protect consumers.

• It helps people to prize goods and services fairly.

• A movement that promotes the interest of buyers of good and services.

• It allows for impulsive buying among consumers.

Services in family resource management refers to:

• Tasks and activities performed for you by other persons or organizations.

• Tasks that you cannot do yourself.

• Places you go to get things done.

• Tasks and activities performed for you only by organizations.

Which is not a trait of a wise consumer?

• Makes a budget

• Creates a shopping list

• Use all the goods at one time to prevent spoilage

• Gets good value for money

What is impulse buying?

• Thinking about goods and services before buying.

• Buying items that are on sale

• Purchasing items because they are in bulk

• Buying goods and services on the spur of the moment

The age of family members is NOT a factor when purchasing goods and services.

• True

• False

The availability of money plays a very vital part in the purchasing of goods and services.

• True

• False

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Knowledge and information available

about good and services is a MAJOR factor in influencing the purchasing behaviors of consumers.

• True

• False

Peer Pressure is NOT a factor which determines consumer wants and needs.

• True

• False

Your lifestyle can influence your needs and wants.

• True

• False

Which of these are factors to consider when going shopping?

You can select more than one answer.

• Make a shopping list.

• Get good value for money

• Buys things according to your lifestyle

• Prepare a budget