Font size
WorksheetsConsumer Skills
Total questions: 16
Worksheet time: 24mins
The potential benefits that an individual, investor, or business misses out on when choosing one alternative over another is defined as a ______________.
Installment Plan
Marketing Mix
Purchase Decision
Opportunity Cost
A method of judging the benefits of different products by comparing several factors, such as quality, features, and cost is defined as ____________.
Comparison Shopping
Opportunity Cost
Purchase Decision
Installment Plan
In a complete sentence, please explain how product research and comparison shopping helps you make more informed buying decisions?
__________ is defined as a payment method that allows you to pay for purchases over time by dividing the purchase amount into smaller equal payments.
Comparison Shopping
Purchase Decision
Installment Plan
Conspicuous Consumption
A (a) provides goods and services for personal use.
A (a) purchases goods and services for personal use.
In a complete sentence, please list three features one might compare before purchasing a car.
The four marketing mix p's are product , ________ , place, and promotion.
price
proximity
potential
packaging
_____________ describes the relationship between the quantities of products or services that producers are willing to provide versus the quantities that consumers are willing to obtain at a range of various prices.
Conspicuous consumption
Supply and demand
Marketing mix
Installment plan
In a complete sentence, please describe two consequences of not properly prioritizing your needs over your wants when budgeting.
In a complete sentence, please describe the difference between the marketing mix and a buying plan.
In the space below, draw an image of an item that would be considered a want.
Why is figuring out the unit price of something useful when shopping?
It helps you check to see if the price is correct.
It helps you locate items in the store.
It helps you determine the best deal.
It determines if a coupon is still usable.
The supply and demand for a product determines its...
Price
Place
Promotion
Production
Which of the following is NOT a useful strategy when making an informed purchase?
Calculate the unit price of the product.
Purchase a product based on a social media influencer.
Read the online reviews of the product and ask trusted friends who use it.
Compare your option to similar products.
In 1-2 complete sentences, please explain a time where you used the comparison shopping method to make a purchase.
