Intro to Bus Ch 22 Study Guide


 


Read Ch 22 and answer the following questions. Print a copy of this
page for your notes.

  • 1) 1. Define consumer.
  • 2) 2. Define grade as it is used in this chapter.
  • 3) 3. Define label.
  • 4) 4. Define opportunity cost.
  • 5) 5. What power does the consumer have?
  • 6) 6.What are two examples of product-testing organizations?
  • 7) 7. What are two nonprofit organizations that publish consumer
    magazines?

  • 8) 8. What are two financial periodicals that cover topics of interest
    to consumers?

  • 9) 9. Which government organization specializes in information about
    food--judging qauality, buying wisely, improving buying practices,
    planning meals, improving nutrition, and other farm- and home-
    related topics?

  • 10) 10. Why do businesses provide information to the consumers?
  • 11) 11. How can advertising help you become a better consumer?
  • 12) 12. What is the concern of the Better Business Bureau?
  • 13) 13. What are the seven important questions you should ask before
    purchasing a product or service?