Consumer Behavior and Payment Plans

Consumer Behavior and Payment Plans

Assessment

Interactive Video

Business

9th - 10th Grade

Hard

Created by

Mia Campbell

FREE Resource

The video tutorial discusses two main problems: consumers wanting items they can't afford and retailers struggling to sell expensive products. It introduces the concept of purchasing on terms, also known as payment plans, as a solution that benefits both consumers and retailers. This approach allows consumers to acquire items immediately while paying over time, and retailers to expand their customer base and receive a steady income stream.

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a common problem faced by consumers?

They have too much money.

They cannot find anything to buy.

They want items they cannot afford.

They dislike shopping.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of an expensive item consumers might want?

A loaf of bread

A luxury car

A cup of coffee

A pair of socks

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What challenge do retailers face when selling products?

Their products are too cheap.

They have no products to sell.

Consumers cannot afford their products.

They have too many customers.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a typical consumer behavior regarding money?

Saving large sums quickly

Donating to charity

Spending money quickly

Investing in stocks

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a common misconception about affording expensive items?

They are not desirable.

They are always on sale.

They require a large sum of money upfront.

Everyone can afford them easily.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a solution to the problems faced by both consumers and retailers?

Increasing product prices

Purchasing on terms or payment plans

Reducing product quality

Eliminating all sales

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is another term for purchasing on terms?

Leasing

Buying outright

Financing

Renting

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