This quiz works best with JavaScript enabled. Home > Consumer > Behavior > Consumerism – Quiz 53 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Consumerism Quiz 53 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is the benefit of installment buying? A) Buying more today provides market stability by consistently giving businesses money. This helps grow the economy. B) It helps people keep up with the Joneses and appear better than they are. C) It's not credit cards!. D) None of above. Show Answer Correct Answer: A) Buying more today provides market stability by consistently giving businesses money. This helps grow the economy. 2. Companies offered what ways for consumers to buy on credit? A) Delivery service. B) Installment plans. C) Buy one get one at half price. D) Haul away old furniture. Show Answer Correct Answer: B) Installment plans. 3. True or False:Comparison shopping only involves comparing brand items to generic items. A) True. B) False. Show Answer Correct Answer: B) False. 4. Which industry saw a surge in popularity and profitability in the 1920s? A) Automobile industry. B) Radio broadcasting industry. C) Film industry. D) All of the above. Show Answer Correct Answer: D) All of the above. 5. Easy to use: A) Credit Card. B) Debit Card. C) Both. D) None of above. Show Answer Correct Answer: C) Both. 6. A consumer is someone who buys goods and ..... A) Spends money. B) Supports the economy. C) Uses services. D) Saves money. Show Answer Correct Answer: C) Uses services. 7. EX.3 (Page 75). ARE THESE STATEMENTS "FACTS" OR "OPINIONS" .6.-Getting regular pocket money helps kids learn the value of money. A) Fact. B) Opinion. Show Answer Correct Answer: B) Opinion. 8. Campbell's specializes in producing soup as its major product line. However, consumers purchasing food items typically want to buy other things besides soup during a trip to the grocery store. This statement explains about ..... A) Discrepancy of quantity. B) Discrepancy of assortment. C) Temporal discrepancy. D) Spatial discrepancy. Show Answer Correct Answer: B) Discrepancy of assortment. 9. What happens if you use your credit card after you've already met your credit limit? A) Your card will get declined. B) Your bank will issue a bad check notice. C) You will get a ticket. D) The charge will go through anyway, you'll just be responsible to pay it back whenever you can. Show Answer Correct Answer: A) Your card will get declined. 10. What was the main product selling on Black Friday in 1998? A) Laptops. B) Furby dolls. C) Smartphones. D) Video games. Show Answer Correct Answer: B) Furby dolls. 11. Wich festivity is black friday related to? A) Christmas. B) Valentine´s day. C) Thanksgiving day. D) Saint patrick's day. Show Answer Correct Answer: C) Thanksgiving day. 12. You can ..... at the night market, but not at a supermarket! A) Rip off. B) Haggle or bargain. C) Buy for a steal. D) None of above. Show Answer Correct Answer: B) Haggle or bargain. 13. Which of the following is NOT a factor that influences buying decisions? A) Friends. B) Buying habits. C) Favorite stores. D) Advertising. Show Answer Correct Answer: C) Favorite stores. 14. What is the meaning of 'convenience'? A) The state of being able to proceed with something without difficulty. B) Needing much effort or skill to accomplish, deal with, or understand. Show Answer Correct Answer: A) The state of being able to proceed with something without difficulty. 15. ADVERTISING MUST BE TRUTHFUL AND NON DECEPTIVE AND ADVERTISER MUST HAVE EVIDENCE TO BACKUP THEIR CLAIMS. A) CONSUMER CREDIT PROTECTION ACT. B) CONTACT CONSUMER AGENCY. C) FAIR PACKAGING AND LABELLING ACT. D) TRUTH IN ADVERTISING LAW. Show Answer Correct Answer: D) TRUTH IN ADVERTISING LAW. 16. Dress A) The vest. B) The scarf. C) The skirt. D) The dress. Show Answer Correct Answer: D) The dress. 17. Which of the following is NOT considered a wise customer practice? A) Using a prepared shopping list. B) Comparing prices in various stores. C) Always purchasing special offers. D) Reading labels carefully. Show Answer Correct Answer: C) Always purchasing special offers. 18. Boycott means that consumers A) Stop buying a product. B) Buy more of a product. C) Buy the same amount of the product. D) None of the above. Show Answer Correct Answer: A) Stop buying a product. 19. Which of the following is NOT an example of consumerism? A) Shop till you drop. B) Returning a malfunctioning phone. C) Donating clothes to the salvation army. D) Advertising. Show Answer Correct Answer: C) Donating clothes to the salvation army. 20. Choose "True" or "False" as appropriate:For free external trade to be facilitated, countries never need to sign free trade agreements. A) True. B) False. Show Answer Correct Answer: B) False. ← 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