Consumer Skills Bell Ringer 4

Tanya wants to decrease the amount she spends on subscriptions. What is the BEST step she can take?

• Automatically renew all subscriptions to ensure she keeps the services

• Review and cancel subscriptions she no longer uses or needs

• Make a list of her existing subscriptions every few years

• Upgrade existing subscriptions to premium versions for better value

All of the following are examples of hidden fees EXCEPT...

• An additional driver fee when renting a car

• A processing fee added to plane tickets

• Sales tax included in the displayed price of an item

• A service fee added to food delivery through an app

How might companies use the data they collect about your online shopping habits?

• To improve product recommendations and personalize ads

• To limit the amount of advertising you see online

• To ensure your privacy by deleting the data immediately

• To decrease the variety of products shown to you

What is one step someone can take if they want to cut down on the number of paid subscription services they have?

• Wait for subscriptions to expire since it is illegal for companies to auto-renew them

• Track which subscriptions they use over the next five years to see which ones they can get rid of

• Subscribe to more services to find out which ones are truly necessary

• Regularly review and cancel subscriptions that are no longer needed or used

How do companies use the practice of retargeting to get consumers to spend more money?

• Displaying ads for products consumers have previously viewed or shown interest in to encourage them to make a purchase

• Sending consumers fewer advertisements to avoid overwhelming them

• Limiting their marketing efforts to physical stores only

• Focusing on first-time visitors to their website rather than returning visitors

Which of the following is an example of a hidden fee?

• An advertised annual membership fee for a gym

• A discount applied at a grocery checkout for meeting a minimum purchase amount

• A service charge added to a food delivery bill that was not disclosed upfront

• A price tag that includes the final cost, including taxes and service charges