This quiz works best with JavaScript enabled. Home > Consumer > Behavior > Consumerism – Quiz 27 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Consumerism Quiz 27 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Disadvantage is also known as ..... A) A condition that reduces the chances of success of effectiveness. B) The action or activity of buying goods from shops. Show Answer Correct Answer: A) A condition that reduces the chances of success of effectiveness. 2. What is a store brand? A) A product manufactured specially for a retailer and bearing the retailer's name. B) Something like Cheerios or Little Debbie snack cakes. C) When a producer boxes up their sale items. D) When you buy wholesale. Show Answer Correct Answer: A) A product manufactured specially for a retailer and bearing the retailer's name. 3. Speculation is ..... A) Owning several businesses in the same industry. B) Selling items at a low price to different buyers. C) Buying an item to resell it at a higher price. D) Selling all of your stocks at once. Show Answer Correct Answer: C) Buying an item to resell it at a higher price. 4. Applications may ask if a person is above the age of 18 for legal purposes. A) True. B) False. Show Answer Correct Answer: A) True. 5. A dishonest scheme or fraud designed to cheat people out of their money is commonly known as a: A) Esure. B) Relative. C) Scam. D) None of above. Show Answer Correct Answer: C) Scam. 6. These are examples of Tangible Possessions EXCEPT? A) Cars. B) Clothes. C) Time. D) Jewelry. Show Answer Correct Answer: C) Time. 7. All the following are needs EXCEPT? A) Housing. B) Clothing. C) Food. D) TV/Internet. Show Answer Correct Answer: D) TV/Internet. 8. Which word is incorrect: ..... the environment A) Run out of. B) Damage. C) Protect. D) None of above. Show Answer Correct Answer: A) Run out of. 9. A system of how money is made and spent in a country. A) Product. B) Economy. C) Resources. D) None of above. Show Answer Correct Answer: B) Economy. 10. In ..... world, many parts of the world have witnessed the growth of global companies. A) A knowledge-based. B) A technology-driven. C) An interconnected and interdependent. D) A flourished. Show Answer Correct Answer: C) An interconnected and interdependent. 11. ..... credit is typically used for larger purchases, such as a car or home.A.RevolvingB.InstallmentC.NoninstallmentD.Fixed A) A. B) B. C) C. D) D. Show Answer Correct Answer: D) D. 12. ..... influenced people to buy certain things. A) Nothing. B) Merchants. C) Other people. D) Advertisements. Show Answer Correct Answer: D) Advertisements. 13. People are creating garbage ..... (rapid) than they used to. A) More quickly. B) More faster. C) Faster. D) Faster. Show Answer Correct Answer: C) Faster. 14. How much does the belt cost? A) How does the belt fit?. B) How does the coat fit?. C) How much does the belt cost?. D) How much does the coat cost?. Show Answer Correct Answer: C) How much does the belt cost?. 15. The price the consumer pays for an item A) Wholesale price. B) Discount Price. C) Markup Percentage. D) Retail Price. Show Answer Correct Answer: D) Retail Price. 16. A form of electronic commerce that allows consumers to directly buy goods or services from a seller over the internet using a web browser. A) Online Shopping. B) Advertisement. C) Impulse Buying. D) Purchases made at a store. Show Answer Correct Answer: A) Online Shopping. 17. What is one problem with asking friends or family about a product? A) They might not use the product. B) The might not be well informed about the product. C) They might be biased. D) All of these. Show Answer Correct Answer: D) All of these. 18. What is impulse shopping? A) Buying something without thinking. B) Buying something you really want. C) Buying something for someone else. D) None of above. Show Answer Correct Answer: A) Buying something without thinking. 19. Savers earn interest. True or false? A) True. B) False. Show Answer Correct Answer: A) True. 20. Sales A) Sales, sales, offers. B) Regular price. Show Answer Correct Answer: A) Sales, sales, offers. ← PreviousNext →Related QuizzesConsumer QuizzesConsumerism Quiz 1Consumerism Quiz 2Consumerism Quiz 3Consumerism Quiz 4Consumerism Quiz 5Consumerism Quiz 6Consumerism Quiz 7Consumerism Quiz 8Consumerism Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books