Ch3

What is an advertisement of a product or a service at a low price to lure in customers and then persuading them that additional products and services are needed?

Ponzi Scheme

Fiscal Policy

Time value money concept

What markup rate do you think represents a normal profit?

40%-60%

20%-80%

10%-100%

30%-70%

Which product is an example of something that was very expensive back then, but the price dropped after a year or so?

Food

Gas

Cars

Are conveniences, customer services, and pricing & bonding apart of a business’s selling strategy?

Yes

Which of the following ISN’T a reasonable buying strategy for consumers to use?

Being very polite and courtious

Offering a good deal

Going to someone who already bought the product and try to buy it from them

What is a lengthy paid TV ad that includes testimonials and product demonstrations?

Infomercials

Demand pull inflation

Direct Addvertizing

What are false claims about a product?

Deceptions

Illusions

Strategy

Which of the following ISN’T a federal agency that provides consumer protection services?

What is a good method to use when defrauding consumers?

Don't get defrauded

Pay more

Consider how you pay

What can consumers do to help keep prices reasonable?

Optimizing the money

Economizing the mney

Spending more money then you have

What is inflation

The rise in prices

The Rise in mark up

The decrease in prices

Click the best answer

The best answer

The correct one

Ill do what I want

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