Pricing
What is "list price"?
The manufacturer's suggested retail price.
What is the formula for calculating the discount amount?
Discount = Original Price - Sale Price.
Define "installment buying" in the context of purchasing goods.
Making payments over time.
What additional costs might be incurred when considering shipping costs for online purchases?
Shipping and handling fees.
How can consumers effectively compare prices between different retailers?
Visiting multiple stores.
How do coupons typically affect the final price of a product?
Decrease the price.
What is the purpose of discounts and sales prices in retail?
To decrease prices
What are deferred payments, and how do they differ from installment buying?
Payments made after the due date.
Which shipping method typically offers the best value for non-urgent items?
Standard ground shipping.
Which is typically the most cost-effective meal option for a family of four?
Preparing a home-cooked meal.
What is the purpose of comparing prices when shopping?
To find the lowest price.
What's the most effective way to use a 20% off coupon on an $80 jacket?
Combine it with a store sale if allowed.
What is the main advantage of deferred payment plans?
They allow for immediate possession while paying over time.
What factors affect shipping costs?
Distance and Weight.
How often should consumers compare prices for major purchases?
At multiple stores before buying.
What is sales tax, and how does it impact the total purchase cost?
A tax on sales that increases the total cost.
When is a store discount most likely to be genuine?
During major holidays.
When buying a $1000 television, which payment method typically costs least overall?
Paying the full amount upfront.
What factor does NOT affect shipping costs for online purchases?
Product color
At multiple stores before buying.
To encourage larger purchases.
What is a common strategy used by retailers to attract customers through pricing?
Offering discounts.
What is the best way to evaluate if a sale price is a good deal?
Compare to regular prices elsewhere.
What is a potential disadvantage of "Buy Now, Pay Later" plans?
They may encourage overspending.
What are shipping fees?
Charges added for sending goods to a destination.
How does sales tax primarily impact consumers?
It increases the final cost of most purchases.