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Questions and Answers
Which method of product comparison is considered age-old and still utilized by many consumers?
What are some factors that consumers weigh when comparing goods and services?
What is a common method used by shoppers to conduct further research on the item they want to purchase?
What did consumers in the past do when comparing goods and services before making a purchase?
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What is the main purpose of smart consumers searching first about the goods and services they will buy?
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Study Notes
Product Comparison Methods
- The age-old method of product comparison still used by many consumers is word of mouth.
- Factors that consumers weigh when comparing goods and services include price, quality, features, and brand reputation.
- A common method used by shoppers to conduct further research on an item they want to purchase is reading online reviews.
Historical Product Comparison
- In the past, when comparing goods and services before making a purchase, consumers would ask friends, family, or colleagues for recommendations.
Smart Consumer Research
- The main purpose of smart consumers searching for information about the goods and services they want to buy is to make informed purchasing decisions.
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Description
Test your consumer savvy with our quiz on comparing prices, quality, and features! Discover if you have what it takes to make informed purchasing decisions by evaluating factors like brand name, price, and more. Sharpen your shopping skills and become a smarter consumer!
