Consumer Skills

Which statement best describes how to comparison shop?

• Buy many brands of the same item, see which you like best, and return all the rest

• Set a budget, decide what features you want, and see which stores/brands best fit your needs

• Visit many stores and ask the salespeople to lower the price until one offers something you can afford

• Start your own website that compares the current store prices of items you shop for regularly

2. You're going to buy a new bicycle. What should be one of your first steps in comparison shopping?

• Decide what bicycle features you care most about

• Visit the store that sells the least expensive bicycles

• Locate a coupon for bicycles

• Sell your old bicycle

Randall needs to make two purchases today -- a box of donuts to share with his homeroom and a pair of running shoes for the upcoming track season. For which item should he do MORE comparison shopping?

• Neither -- both of these purchases are very easy

• The donuts -- because he wants to get a lot of flavors

• The shoes -- because they need to fit well and last for the whole season

• Both -- you should comparison shop for every item you buy

Sofia wants to buy a new pair of jeans. At Pants World, the jeans she wants cost $40 and they're having a 25% off sale. At All Clothes, the same jeans cost $38 and she has a $6 off coupon. What is the best deal?

• 1. Purchase at Pants World, because the cost after discount will be $15

• 1. Purchase at Pants World, because the cost after discount will be $30

• 1. Purchase at All Clothes, because the cost after coupon will be $32

• 1. Purchase at All Clothes, because the cost after coupon will be $34

5. A popular promotion at stores is "Buy One, Get One Free." Why do stores offer this deal to their customers? 

• 1. Stores promote the deal but make you pay for the second item anyway once you're at the cash register

• 1. Stores make money because you still have to pay taxes on the second item

• 1. Most stores are not trying to make a profit, so it doesn't matter if they give away free items

• 1. Great deals convince customers to buy things they don't need and stay loyal to the store or brand

6. On a restaurant receipt, you will commonly find each of these items EXCEPT... 

• 1. The date and time of your dining

• 1. The total cost of your food and drinks

• 1. The tax and tip that were added to your bill

• 1. The total money in the bank account you used to pay

7. Naya has done a lot of shopping recently. Which receipt should she probably keep the longest? 

• 1. CVS receipt for a juice and a pack of ponytail holders

• 1. Mall store for 5 shirts and 2 pants, all of which she's tried on and fit

• 1. Restaurant receipt for sandwich, salad, and lemonade

• 1. Target receipt for bluetooth headphones for her and a popular toy for her niece's birthday

8. How many items did Ruth buy?

• 1

• 2

• 3

• 4

How much did Ruth pay for this meal at the cafe?

• 1. $1.17

• 1. $11.70

• 1. $12.87

• 1. $14.50

10. Complete this sentence: A checking account statement... is the receipt you get from a store when you purchase something using a check

• 1. is the receipt you get from a store when you purchase something using a check

• 1. tells you the bank's policies on fees

• 1. lists all the purchases and deposits you've made in the previous month

• 1. allows you to take out a student loan for college