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A public sale in which property or items of merchandises are sold to the highest bidder
What is Auction
Having to do with a person's honesty and moral attributes
What is Integrity
Vendors at conventions and trade shows are virtually willing to give their stuff away because they don’t want to pack it up and take it up and take it back home
What is Conventions
Making the right choices as a consumer will usually yield savings. Follow the bargain shopping tips in this chapter for great savings.
What is Home Economics
Retail store where people sell items and the owner of the shop gets a percentage of the sale
What is Consignment shop
The difference between the wholesale price and retail price
What is Markup
You can get good deals on cars. Again, you need to do your homework to know what you’re buying and what it’s worth. You also need to be willing to compromising on things like the color of the car.
What is Repo Lot
Your choices as a consumer have an impact on the larger social and even global environment and economy.
What is Society
The process of quantifying costs and benefits of a decision
What is Cost-Benefit analysis
To bargain for a lower price
What is Negotiate
Always follow up with refunds or rebates on purchases. Those dollars can add up!
What is Refunds and rebates
Type of yard sale with more items, usually the entire contents of a household
What is Estate sale
The ability to walk away from a purchase when negotiating
What is Walk-Away Power
Is a type of negotiation in which the buyer and seller of a good or service dispute the price that will be paid and the exact nature of the transaction. Bargaining is an alternative pricing strategy to fixed prices.
What is Bargaining
Process by which the holder of a mortgage sells the property of a homeowner who has not made interest and/or principal payments on time as stipulated in the mortgage contract
What is Foreclosure
You can either buy at a discount or sell your used items through consignment
What is Consignment sales
Making informed decisions about what foods to buy will promote your physical health
What is Health
What grade should we get
What is Passing