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PF Chapter 3 Review

Total questions: 8

Worksheet time: 4mins

Name
Class
Date
1.

True or false: Businesses need a normal profit to stay in business?

a)

true

b)

false

2.

Overspending is a problem that occurs when consumers are economizing?

a)

true

b)

false

3.

the Federal trade commission (FTC) is a the federal clearinghouse for complaints of identity theft

a)

true

b)

false

4.

Repair shops often use a deceptive tactic known as bait and switch.

a)

true

b)

false

5.

When you have a complaint or need to solve a problem with a business, seeking legal action should be a last resort.

a)

true

b)

false

6.

which of the following occurs when people buy products based on a desire rather than logic?

a)

rational buying

b)

emotional buying

c)

impulse buying

d)

economizing

7.

Which of the following selling strategies is a form of direct advertising?

a)

social media

b)

customer loyalty programs

c)

display advertising

d)

telemarketing

8.

An increase in the general level of prices for goods and services

a)

inflation

b)

markup

c)

deflation

d)

deception