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FinCap Friday: Shipping It Twice Flashcards | StudBud

Explore/FinCap Friday: Shipping It Twice

FinCap Friday: Shipping It Twice

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Questions 5

Answers

1
What percentage of Gen Z and Millennials will shop on social media and online retail sites for holiday gifts?
95% - 99%
25% - 35%
56% - 60%
74% - 83%
2
What's one thing shoppers should do to better prepare for the changes retailers are making to their policies?
Safely assume that the return policy is similar to other similar stores.
Ask about the return policy or read the fine print before making purchases.
Shoppers should expect retailers to have the same policies as years past.
Continue shopping as they normally do.
3
According to the National Retail Federation, ________ of merchandise was returned to retailers in 2021.
$333 billion
$161 million
$761 billion
$551 million
4
What is the meaning of the term "bracket buying" or "bracketing?"
Shoppers try to return items that've been used multiple times
Shoppers “buy-and-try” multiple items and return any they don't like.
Shoppers buying something only if it’s on sale
Shoppers returning items and buying them at a different retailer for less
5
In late 2022, ___ out of 10 retailers created stricter return policies.
3
4
1
6