Key Terms
Vocabulary 1
Completion
Completion II
Short Answer
100
Plainly labeled, unadvertised and sold at lower prices
What is generic products
100
Covers only certain parts of a product for repair
What is a limited warranty
100
When you check the price and quality of a product in more than one store, you are__________
What is comparison shopping
100
_________ tries to convince you to buy specific products by appealing to your feelings
What is emotional advertising
100
Who are the 4 Number #1 seeds in the NCAA Men's Basketball Tournament
Who is Kentucky, Syracuse, Michigan State and North Carolina
200
Macy's and Marshall Fields are examples
What is a department store
200
Sell brand name products that are discontinued or have minor flaws
What is outlet stores
200
When stores want to get rid of goods that are going out of season they will have a___________
What is clearance sale
200
Nike, Campbell's and Pepsi are examples of _________
What is brand names
200
Name the 4 consumer choices
What is What to buy, when to buy, where to buy and what to pay
300
the cost per 1/4 pound, ounce or quart
What is unit price
300
Free prices and super low prices
What is sales gimmicks
300
A ___________ is a legal document that states the rights and responsibilities agreed to by the consumer and the store or the manufacturer
What is warranty
300
______________ is one that gives you a special buy on a new product or a product that is in season
What is promotional sale
300
Name three of the things you can do to be a smart consumer.
What is study ads, read consumer publications, shop at sales, use shopping lists, resist pressure or gimmicks, read labels
400
These publications examine and rate products
What are consumer magazines
400
Tells you what the contents of a product are
What is label
400
_____________ sell groceries like supermarkets, but also sell items such as books, hardware, and clothing
What is superstores
400
Another name for a limited line retailer is a ___________
What is specialty store
400
What is the difference between a nfull warranty and a limited warranty
What is I will judge.
500
Prevents impulse buying
What is shopping lists
500
doesn't make money but brings in customers that may purchase other items
What is loss leader
500
__________ attempts to convince you to buy specific products with facts and information
What is rational advertising
500
____________ is a magazine that give detailed information about goods that have been tested and rated by them.
What is Consumer Reports and Consumers Research Magazine
500
Which Product is a better bargain: A. 22 ounce tube of toothpaste that costs $5.50 B. 16 ounce tube of toothpaste that costs $3.75
What is B
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