CPD eAcademy Chapter 9 Study Guide

examples of a nontraditional seller include

T-commerce, E-commerce, and telemarketing

rebate

a cash back offer

product placement

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

bots

a search engine offered by brokers

buying incentive

a special offer designed to help sell goods and services

games of chance

a sweepstakes or contest

loss leader

an item priced at or below cost to attract buyers

the sales of products no longer produced is a

closeout sale

clearance sales do not mean that the owners are

closing the business

members contribute services and pay dues to join a

cooperative

direct mail advertising can be done through

e-mail, telephone, and catalogs

puffery

exaggerates claims about a product

a limited warranty is a guarantee for service, repairs, and replacements for a _ time

limited

sound shopping skills should include

money handling, keeping receipts, and keeping track of your purchases

consumer cooperative

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

merchandise on infomercials is

not always reliable and not monitored by the government

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

on sale

community-based listings are not

policed tightly

Craig's List is an E-commerce site that allows you to

post merchandise for free

an EnergyGuide label is a label that shows

the estimated annual cost of operating an appliance and other information

equilibrium

the point at which supply and demand intersect

E-commerce

the process of buying and selling goods and services online

T-commerce

the process of buying and selling merchandise on television

telemarketing

the sale of merchandise by telephone

Costco and Sam's club are examples of

warehouse clubs