Podcast
Questions and Answers
Which of the following is NOT a tip for being a smart consumer?
Which of the following is NOT a tip for being a smart consumer?
- Assume everything (correct)
- Shop at sales
- Study ads
- Do your homework
What is the purpose of a promotional sale?
What is the purpose of a promotional sale?
- To provide useful information
- To make room for new merchandise
- To price items below cost
- To get the consumer in the store and buy other items (correct)
Why is it important to keep a paper trail as a smart consumer?
Why is it important to keep a paper trail as a smart consumer?
- To resist pressure and gimmicks
- To get the best buys
- To review your account relationships
- To track your purchases and protect your rights (correct)
Which of the following is NOT a way to become a smart consumer?
Which of the following is NOT a way to become a smart consumer?
What is the purpose of keeping a paper trail as a smart consumer?
What is the purpose of keeping a paper trail as a smart consumer?
Why should you read labels and warranties as a smart consumer?
Why should you read labels and warranties as a smart consumer?
What does the text suggest about store brands?
What does the text suggest about store brands?
Why is it important to plan ahead when shopping as a smart consumer?
Why is it important to plan ahead when shopping as a smart consumer?
What should you do before making a purchase as a smart consumer?
What should you do before making a purchase as a smart consumer?
What is the purpose of shopping lists for smart consumers?
What is the purpose of shopping lists for smart consumers?
Which of the following is a tip for becoming a smart consumer?
Which of the following is a tip for becoming a smart consumer?
What is the purpose of reading the small print as a smart consumer?
What is the purpose of reading the small print as a smart consumer?
Why is it important to resist pressure and gimmicks as a smart consumer?
Why is it important to resist pressure and gimmicks as a smart consumer?
What does the text suggest about store brands?
What does the text suggest about store brands?
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Study Notes
Smart Consumer Tips
- Avoiding promotional sales is NOT a tip for being a smart consumer
- Promotional sales aim to attract customers to buy more than they need
Importance of Paper Trails
- Keeping a paper trail helps to resolve disputes and track purchases
- It serves as a record of transactions and warranties
Becoming a Smart Consumer
- Watching TV ads is NOT a way to become a smart consumer
- Reading labels and warranties helps to make informed purchasing decisions
- Reading the small print helps to understand terms and conditions
Shopping Strategies
- Planning ahead helps to avoid impulse buying and stick to budgets
- Making a shopping list helps to stay focused and avoid unnecessary purchases
- Researching products before buying helps to make informed decisions
Avoiding Traps
- Resisting pressure and gimmicks helps to avoid unnecessary purchases
- Store brands can be a cost-effective alternative to name-brand products
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