Quality vs Cost Nat.l Standards for Personal Finance 4.3

Fill in the blank: An item may cost more because it is associated with a well-known or trusted ______.

• ingredient

• name brand

• color

• size

Which assumption is made about lower-priced items?

• They are made with higher quality materials

• They won't last as long

• They offer better warranties

• They are more valuable.

What’s NOT an assumption we usually make about expensive products and services?

• The product/service is rare or difficult to obtain or make.

• The product/service is lower quality than something similar.

• The product/service is higher quality than something similar.

• The product/service is associated with a trusted brand or company.

Fill in the blank: The text implies that saving money ______ always be your main concern.

• A) will

• B) won't

What is the purpose of doing research according to the text?

• To avoid spending

• To decide where to save and spend

• To increase spending

• To save on everything.

Tags

CCSS.8.SP.A.3

According to the text: Paying for the latest features is always worth it.

• 
• 

The text gives several examples of when it might be worth it to pay for a more expensive item. What are two of them?