9 Questions
______ are tangible items or physical objects that can be held and used
Goods
______ are actions performed on behalf of the consumer or purchaser
Services
Making the best use of items already owned will include ______ them rather than throwing them out
repairing
______ refers to a person who used goods or services
Consumer
Thrifty consumers take time to consider decisions because they want to get the ______ for their money
Best value
Making the best use of items already owned will include ______ them rather than throwing them out
Repairing
What is a consumer?
A person who used goods or services is known as a consumer.
What are goods and services?
Goods are tangible items or physical objects that can be held and used. Services are intangible and are actions performed on behalf of the consumer or purchaser.
What does it mean to be thrifty?
Being thrifty refers to managing money carefully and limiting the amount of goods and services consumed and the amount of money spent. Thrifty consumers take time to consider decisions because they want to get the best value for their money and the best use of their goods and services they purchase. Making the best use of items already owned will include repairing them rather than throwing them out.
Test your knowledge on consumerism and thrift with this informative quiz! Learn about the differences between goods and services, and discover the importance of being thrifty in managing your finances. Challenge yourself to identify keywords specific to the topic and improve your understanding of consumer behavior. Take the quiz now and become a savvy consumer!
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