Show:
Federal Agencies and Consumers
Consumption Income and Decision Making
Buying Principles or Strategies
Consumerism
Vocabulary
100
True or False. Consumer information center programs provide free catologs.
What is true
100
The 1st decision a consumer must make?
What is whether to buy an item or not.
100
Three basic buying principles?
What is gathering information, using advertisment wisely, and comparison shopping.
100
what is consumerism?
What is movement to educate buyers about purchases.
100
Any person or group that buys or uses goods and services.
What is Consumer
200
What does Federal Trade Commission promote?
What is promotes free and fair competition.
200
Two scarce resources?
What is income and time.
200
Information is?
What is costly.
200
Consumer rights?
What is safty, informed, choices, right to be heard, and the right to redress.
200
Money income that a person has left after taxes
What is Disposable Income.
300
what does the U.S postal office protect?
What is mail, frauds, and other violations.
300
What is the value of your highest alternative choice?
What is Opportunity Cost.
300
Benefits consumers by giving information about the product. What type of advertisment is this?
What is Informative Advertisment
300
Good Consumers do what?
What is reads all contract and warrenties and asks questions.
300
Money spents on entertainment and luxury items.
What is Discretionary Income.
400
What does the U.S. Department of Agricultrue do?
What is inspects and grades meat, fish, poultry, and dairy products.
400
Economists define rational choices?
What is alternative that has the greatest value.
400
Bait and switch?
What is most widely used method of deceptive advertisment.
400
Trade Associations are?
What is a group of companies in the same business that work together.
400
Decisions made based on opportunity cost?
What is Ratonal choice
500
What does Food and Drug Administration do?
What is protects the public against unsafe foods.
500
Regardless of____ it requires constant decision making
What is size of persons income.
500
How is comparison shopping used?
What is by getting information on types an prices.
500
Consumers have what?
What is responsiblities as well as rights.
500
Attempts to persuade a consumer that a product is different from another.
What is Competitive Advertisment