Shopping for Food
7-Eleven is this type of store.
What is convenience store
Sales held at the end of winter, end of summer, or other times of the year when stores want to clear out their shelves in order to get room for new inventory.
What are seasonal sales
Advantages include: paying only a small security deposit, no direct maintenance costs, and greater mobility.
What is renting
These are considered oil and filter changes and minor tune-ups
What is normal maintenance
Store open 16 to 24 hours a day, carrying a limited selection of relatively higher-priced items.
What is convenience store
This type of store generally has a limited variety of brands in large quantities.
What is club warehouse store
The ability of an item to last.
What is durability
A long-term agreements describing the terms under which property is rented
What is a lease
Price of this item usually varies and depends on the car's age, weight type, and value
What is registration fee
Lower priced store-brand products carried by some supermarket chains and club warehouse chains.
What are private-labeled products
Americans do most of their food shopping in grocery stores or in this type of store.
What is club warehouse stores
This factor of clothing value changes often and varies from person to person.
What is style
Responsibilities include providing minimum services, obeying safety laws, and making repairs in a reasonable period of time.
What is a landlord
For this type of vehicle, one may want to check out the vehicle's history and have it checked out by a mechanic before buying.
What is used
Insurance that pays for bodily injury and property damage.
What is liability insurance
How price per-unit is determined
What is the price of the item divided by the unit size.
For example, let's say a 12 oz. can of soup costs $3.00. To find the unit price, divide the $3 by 12. ($3.00 / 12= $0.25)
Clothing stores that sell used items at lower prices than new.
What is consignment shop
Usually required in case the rent is not paid or damage is done to the property.
What is security deposit
This depends on how hard a car is driven, the mileage, maintenance, and age.
What is depreciation
Fees paid to the lender and computed as a percentage of a loan.
What are points
The opportunity cost when one is comparison shopping?
What is the more time spent shopping for food, the less time one has for other activities
The four factors clothing value depends on.
What is style, durability, cost of care, and purchase price.
Title search, legal costs, loan application, credit report, house inspection, and taxes
What are closing costs
Automobiles are this type of good.
What is a durable good
The amount of use a person gets from an item over time and the value a person places on this use.
What is service flow