Smart Shopping Tips for Consumers

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Questions and Answers

What should you focus on instead of the total price when shopping?

  • Product packaging
  • Brand popularity
  • Net weight
  • Unit price (correct)

What common signs of shrinkflation should you ignore according to the text?

  • Family size (correct)
  • Limited edition
  • Organic
  • New and improved

What calculation is mentioned to determine the unit price of a product?

  • Net weight x Total units
  • Total units / Total price
  • Total price x Net count
  • Total price / Total units (correct)

Why does the text suggest buying in bulk despite the higher up-front cost?

<p>It helps in saving money in the long run (D)</p> Signup and view all the answers

What advice does the text give regarding brand loyalty?

<p>Choose the cheapest option regardless of brand (C)</p> Signup and view all the answers

What is one key reason companies use to justify product downsizing?

<p>Rising transportation costs (D)</p> Signup and view all the answers

What does the text suggest about the price of cocoa in recent years?

<p>The price of cocoa has fallen sharply over the last year. (B)</p> Signup and view all the answers

What does the statement "A lot of shoppers are more sensitive to a price change than to a weight change" suggest?

<p>Shoppers are more likely to notice a change in price than a change in product size. (B)</p> Signup and view all the answers

What is one potential consequence of product downsizing mentioned in the text?

<p>Improved health outcomes for customers (D)</p> Signup and view all the answers

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