Consumer Decisions

1. What is the cost per slice for a medium pizza with 8 slices purchased for $6.00?

$0.75

$4.00

$6.00

Not enough information

2. What is the cost per can on a 12 pack of soda purchased for $4.99?

$0.42

$4.00

$4.99

Not enough information

3. Which statement describes impulse buying? A customer purchases:

Major item he/she has been researching for two months

An item without fully considering his/her spending plan

His/her household's weekly groceries

After evaluating its impact on his/her spending plan

4. A major difference between the generic, store, and brand names affecting cost to the consumer is:

Cost of shipping from the manufacturer to the selling store

Advertising

Artwork on the label

Cost of coupons and promotional specials offered in stores

5. Rob bought two pair of jeans: one pair cost $200 and was worn 20 times, while the other pair was purchased for $60 and was worn four times. Which is the better buy?

$60 jeans

$200 jeans

Neither because the cost per wear is the same for both jeans

Not enough information

6. The best way to determine the price difference between items is to calculate the cost per serving. To calculate cost per serving you will:

Multiply the number of cans in a case by the number of servings

Add the number of servings in a container and divide by the price

Subtract the number of ounces from the price of the item

Divide the price by the number of servings in the container

7. Which of the following statements is true about store brands?

The brand is mass produced, marketed nationwide, and can be found at a variety of stores

The brand is produced and marketed by the store's selected manufacturing companies

The brand tends to be more expensive

The design of the brand's package is black and white and this brand is not advertised

8. Advertisers use all but one of the following to create a desire to buy, which one is it?

Using emotions that focus on sadness, depression, and loss

Showing how consumers can save money

Making promises of a better life

Solving consumer problems

9. Clothing purchases may have hidden costs that would include:

Seasonal colors

Fees for dry cleaning

Poor quality construction, fabric or decorations

Changing sizes due to growth

10. It is a good financial decision to always pay cash for clothing because:

Taxes are less

You are more likely to stick to your spending plan

Credit fees are higher when purchasing consumable products

You are more likely to get a discount or special sale price

11. Which statement is false for making wise purchase?

Never pay cash

Buy at the right time of year

Do not purchase items based upon a name brand

Recognize the high price of convenience

12. Which statement is false concerning the results of comparison shopping?

Assists the consumer to purchase the same product or service for less money

Money goods and services for the same money

A higher quality product for the same money

Products that sacrifice quality for price

13. The first step in setting up a purchasing criteria for comparison shopping is to know:

Exactly what you want

What the market place has to offer

What quality you desire

What price you expect to pay

Consumer Decisions

1. What is the cost per slice for a medium pizza with 8 slices purchased for $6.00?

2.

What first name or nickname would you like us to use?

2. What is the cost per can on a 12 pack of soda purchased for $4.99?

3. Which statement describes impulse buying? A customer purchases:

4. A major difference between the generic, store, and brand names affecting cost to the consumer is:

5. Rob bought two pair of jeans: one pair cost $200 and was worn 20 times, while the other pair was purchased for $60 and was worn four times. Which is the better buy?

6. The best way to determine the price difference between items is to calculate the cost per serving. To calculate cost per serving you will:

7. Which of the following statements is true about store brands?

8. Advertisers use all but one of the following to create a desire to buy, which one is it?

9. Clothing purchases may have hidden costs that would include:

10. It is a good financial decision to always pay cash for clothing because:

11. Which statement is false for making wise purchase?

12. Which statement is false concerning the results of comparison shopping?

13. The first step in setting up a purchasing criteria for comparison shopping is to know: