Chapter 22/23 Introduction to Business Glencoe

Why do generic products cost less than brand-name produce?

• producers spend less on marketeing and advertising

• Producers spend a ton of money on marketing and advertising

• Producers spend a lot of time developing a product to make it perfect

• Producers spend no time at all on anything; they just throw it out there

When is a good time to shop for a product like a car, a computer, or an item of clothing?

• It doesn't matter when you shop for an item you will always pay the same.

• after the holidays

• Before a new model is released

• When it is out of season

What are ways you can shop at home?

• online

• TV show (channels)

• mail-order catalogues

• You cannot shop at home, you always have to go into the store

How do you calculate unit pricing

• divide the total price by its weight/volume/or number of items

• divide the total weight/volume/its

  number by its price

• I have no clue

• It is impossible to find

What is the difference between rational and emotional advertising? (choose 2)

• rational advertising tries to convince you to buy with facts

• emotional advertising tries to convince you to buy something with appeals to feelings

• There is no difference

• Rational advertising appeals to your logic and emotional appeals to your feelings

What are two consumer magazines are good sources of information about products?

• Consumer Products Magazine

• Consumer Research Magazine

• Consumer Reports

• Reporting on all goods in the world magazine

Why do stores have clearance sales?

• They think it is fun

• They help their employees learn how to manage the stores better.

• because they like rewarding shoppers for their loyalty

• to clear out goods

What is the difference between a full warranty and a limited warranty?

• A limited warranty covers the entire product.

  A Full Warranty covers only certain parts.

• A limited warranty covers only a short time period. Where a full warranty covers the product for its life expectancy

• They are the same

• Full warranty covers an entire product. A limited warranty covers only certain parts of a product.

How are the ingredients in packaged food labeled?

• In alphabetical order

• The least ingredient to the most ingredients

• in order of what they contain the most

• They are random

What is a manufacture's legal responsibility to make a safe product called?

• fraud

• product liability

• recall

• refund