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