Consumer Purchasing and Protection

What strategies can consumers use to avoid overspending while shopping online?

• Set a budget and stick to it, use price tracking tools, and avoid impulse purchases.

• Only shop during sales events.

• Buy items without comparing prices.

• Ignore shipping costs when budgeting.

What factors can lead to increased consumer trust in online retailers?

• High product prices

• Positive customer reviews and secure payment options

• Limited product information

• Inconsistent shipping times

TRUE OR FALSE - In the car buying process, comparison shopping can save

you thousands of dollars.

• True

• False

______________________is when a dealer advertises a car at a

very low price to lure you in.

• Depreciation

• Bait and Switch

• Forced Warranty

• Dealer’s Invoice Price

• MSRP

TRUE or FALSE - When purchasing a car, many people only think about or

calculate the purchase price of their desired car, not the operating costs.

• True

• False

What is the primary purpose of consumer protection laws?

• To increase consumer spending

• To ensure fair trade competition

• To promote brand loyalty

• To reduce product prices

Which of the following is a common consumer right?

• Right to be informed

• Right to be ignored

• Right to overpay

• Right to be misled

Identify the sentence with correct grammar related to consumer behavior.

• Consumers should always reads the terms and conditions.

• Consumers should always read the terms and conditions.

• Consumers should always reading the terms and conditions.

• Consumers should always to read the terms and conditions.

What does the term 'consumer awareness' refer to?

• Knowledge of product prices

• Understanding of consumer rights and responsibilities

• Familiarity with brand names

• Awareness of shopping malls

Which sentence best describes the concept of 'impulse buying'?

• Purchasing items after careful consideration

• Buying items spontaneously without planning

• Shopping with a strict budget

• Comparing prices before buying