Chapter 9- smart shopping basics

which e-commerce site is available to post merchandise for free

Craigs list

a search engine offered by brokers

bots

a special offer designed to help sell goods and services

buying incentive

the sale of products no longer produced is

closeout sale

non retail associations owned and operated by members for their own benefit

consumer cooperative

the process of buying and selling goods and services on line

e commerce

direct mail advertising can be done through

email telephone and catalogs (all of the above)

the point at which supply and demand intersect

equilibrium

a limited warranty is a guarantee for service repairs and replacements for lifetime of the product

false

clearance sale means the owners are closing business

false

community based listings are policed tightly

false

merchandise on infomercials is reliable and monitored by the government

false

a sweepstakes or contest

games of chance

an item priced at or below cost to attract buyers

loss leader

sound shopping skills should include

money handling, keeping receipts, and keeping track of your purchases (all of the above)

a means of showing a brand name product in movies and television

product placement

exaggerates claims about a product

puffery

a cash back offer

rebate

the process of buying and selling merchandise on television

t-commerce

an example of a nontraditional seller can be

t-commerce, e-commerce, and telemarketing (all of the above)

the sale of merchandise by telephone

telemarketing

an energy guide label is a label that shows the estimated annual cost of operating an appliance and other information

true

members contribute services and pay dues to join a cooperative

true

you should control the urge to buy what you do not need or want just because it is on sale

true

Costco and sams club are examples of this kind of store

warehouse club