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Define: retail price
The amount a consumer pays
Define: unit cost
Cost per measurement
True or false: only adults are wise consumers
False
Define: generic
A product without a brand name
What is the FDA?
A governmental agency that approves medicines
True or false: critical thinking is rarely required as a consumer skill
False
What do you call someone who buys products, uses products, and buys or uses services?
A consumer
Bandwagon, reward, and testimonial are examples of...what?
Advertising methods
True or False: setting goals will impact a budget
True
What makes an ad misleading?
A misleading ad is one that doesn't tell the full truth. It lets you believe something that is untrue or only partially correct.
In order to budget money property, you need to know...what?
How to find the income and expenditures
Which foods need to be kept cool to keep bacteria from growing in it?
Fresh meats, dairy products, and eggs
What does the Federal Trade Commission do?
They check ads to be sure they don't make a lot of false claims.
What disease can raw eggs cause?
Salmonella poisoning
Name 4 things that can influence your spending
Music, tv programs, movies, video games