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?

What markup rate do you think represents a normal profit?

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

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

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

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

What are false claims about a product?

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

What is a good method to use when defrauding consumers?

What can consumers do to help keep prices reasonable?

What is inflation

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