Complete the graphic organizer by listing some consumer rights and responsibilities

Imagine that you earn $100 mowing lawns. You decide to spend it rather than save it. Write a paragraph explaining what factors will help you decide how to spend your money. Use all of the following terms. consumer disposable income discretionary income rational choice informative advertising comparison shopping warranty brand name generic brand consumer disposable income discretionary income rational choice informative advertising

Imagine that you work for the Better Business Bureau, and you have been asked to write a brochure advising people on how to be smarter consumers. Write the introductory paragraph of your brochure using the following terms. consumerism competitive advertising bait and switch ethical behavior consumerism competitive advertising bait and switch ethical behavior

Choose the letter of the term that best completes each sentence. a. region b. perceive c. principles d. accurate e. similar f. assume g. guarantee a. region b. perceive c. principles Wages might be higher in one than they are in another part of the country.

Choose the letter of the term that best completes each sentence. a. region b. perceive c. principles d. accurate e. similar f. assume g. guarantee a. region b. perceive c. principles Consumers can spend their money more wisely by following simple , or rules.

Choose the letter of the term that best completes each sentence. a. region b. perceive c. principles d. accurate e. similar f. assume g. guarantee a. region b. perceive c. principles A generic product might be very to a competing brand-name product.

Choose the letter of the term that best completes each sentence. a. region b. perceive c. principles d. accurate e. similar f. assume g. guarantee a. region b. perceive c. principles Consumers need information to make informed buying decisions.

Choose the letter of the term that best completes each sentence. a. region b. perceive c. principles d. accurate e. similar f. assume g. guarantee a. region b. perceive c. principles Consumerism seeks to , or ensure, consumer rights in the marketplace.

Choose the letter of the term that best completes each sentence. a. region b. perceive c. principles d. accurate e. similar f. assume g. guarantee a. region b. perceive c. principles Advertising seeks to change the way buyers products and competitors.

Choose the letter of the term that best completes each sentence. a. region b. perceive c. principles d. accurate e. similar f. assume g. guarantee a. region b. perceive c. principles Buyers should not that advertising is accurate and fair.

What is the difference between disposable and discretionary income?

What are four factors that affect a persons earning power?

What is a rational consumer choice?

What are three important buying principles?

How should you decide how much time to spend gathering information before you make a purchase?

What is the goal of competitive advertising? What is the goal of informative advertising?

Complete the graphic organizer by listing some consumer rights and responsibilities discussed in this chapter.

Who protects consumers rights?

What changes did the consumerism movement bring about?

Jolene, a high school student, has $200 that she would like to spend on electronics. She could choose to buy an MP3 player for entertainment or a used computer of her own to help her do her homework. She wants to make a rational choice about her purchase based on opportunity costs. What steps might Jolene take to help her decide which product to buy?

Jolene, a high school student, has $200 that she would like to spend on electronics. She could choose to buy an MP3 player for entertainment or a used computer of her own to help her do her homework. She wants to make a rational choice about her purchase based on opportunity costs. What would be the opportunity cost of choosing to buy an MP3 player?

Jolene, a high school student, has $200 that she would like to spend on electronics. She could choose to buy an MP3 player for entertainment or a used computer of her own to help her do her homework. She wants to make a rational choice about her purchase based on opportunity costs. Imagine you are in Jolenes situation, and conduct research on the steps you listed in question 19. Use a chart like the one below to record any information you find. Finally, write down what your decision would be, and then explain why.

Why do some people buy mostly brand-name products while other people buy mostly store-label products?

Examine the advertisement below, then answer the questions that follow. a. What type of advertisement is this competitive or informative? Why? b. What audience does the advertisement target? How do you know?

Study the cartoon below, and then answer the following questions. a. What is a demographic? b. According to the cartoon, why do retailers value consumers in the demographic to which the boy apparently belongs?