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Your Role as a Consumer Flashcards | StudBud
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Your Role as a Consumer
Your Role as a Consumer
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1
A movement to educate buyers about the purchases they make and to demand better/safer products.
Consumer profile
Consumerism
Buyer education
Consumer revolution
2
Gathering information is costly because it involves
Time
Experience
Money
Education
3
Acting in accordance with moral convictions about right and wrong.
Egalitarianism
Economics
Ethical behavior
Equality for all consumers
4
What is a promise made by a manufacturer or seller to repair or replace a product?
Warranty
Secret handshake
Pinky promise
Product promise
5
Which of the following does NOT affect spending power?
Wants v. needs
Income
Time
Product warranty
6
Money income a person has left to spend on extras after necessities have been bought.
Disposable income
Earned income
Discretionary income
Un-taxed income
7
About how many advertisements do we see a day?
1,000 - 2,000
3,000 - 5,000
300 - 500
500 - 1,000
8
Which of the following DOES NOT affect earning power?
Location
Education
Physical appearance
Experience
9
Any person that buys or uses goods and services to satisfy personal needs and wants is
A consumer
Working full-time
In debt
Worthy of a high-five
10
Income remaining for a person to save or spend after all taxes have been paid.
Earned income
Un-taxed income
Discretionary income
Disposable income
11
Which of the following is not a consumer right?
The right to compensation
The right to safety
The right to a full refund
The right to be informed
12
What two categories exist in the advertising realm?
Competitive and informative
General and vague
Competitive and repetitive
Factual and fictional