Effective Shopping Practices

1. Effective ShoppingPractices 6.01- Shopping Options

2. Know the Rules for Effective Shopping! • PLAN BEFORE YOU SHOP • COMPARISON SHOP • SHOP WISELY 6.01- Shopping Options

3. RULE #1 PLAN BEFORE YOU SHOP • Decide whether to shop at home or in a store • When there is a choice, decide whether to purchase goods or services • Check reliability and services of stores and distance-sellers • Decide when to buy 6.01- Shopping Options

4. Goods (products) have clearly identified prices. Quality of goods can be reviewed and rated before purchasing.

5. The most helpful favorable review The most helpful critical review 21 of 21 people found the following review helpful 4.0 out of 5 stars Good headphones at the top of this price rangeMy son wanted these last year for Christmas. As a former DJ, and having working knowledge about sound and equipment, I was totally against forking over $200 for a pair of headphones just because it has Dr. Dre's name on it, knowing that I could get headphones with comparable or better sound for much less money. After saying, "the hell with it, it's what the kid wants", I... Read the full review › Published 10 months ago by tonrey11 › See more 5 star, 4 star reviews 1,167 of 1,289 people found the following review helpful 2.0 out of 5 stars Ehh, what's your priority?Just for the record, I'm not your typical jaded 'beats hater', largely (well probably solely) because I didn't plunk down my own hard-earned cash on these expecting to be blown away. I simply had a bunch of Macy's store credit and gift cards with no better place to go than on some new cans. I figured they would be disappointing but passable and that's exactly what they... Read the full review › Published 23 months ago by John T. Shea › See more 3 star, 2 star, 1 star reviews 6.01- Shopping Options

6. Buy goods or services? • Sometimes you have an option of whether to purchase goods or services • Example 1: Buy a ready-made prom gown, or pay someone to make you a gown? • Example 2: Buy a new motorcycle or pay someone to fix up the used cycle you have? 6.01- Shopping Options

7. Decisions! Should I buy goods or services? • Goods have clearly identified prices. • Prices of services may be harder to determine. • Quality of goods can be reviewed and rated. • Quality of services is best reflected in performance. 6.01- Shopping Options

8. Check reliability and services • Only respectable businesses back up their claims • Services • Methods of payment accepted • Return/refund policies • Knowledgeable sales staff • Special services • Gift wrap • Special orders • Delivery • Repairs/maintenance 6.01- Shopping Options

9. Decide when to buy . . . • Buy now with cash or credit • Save for purchase at a later time • When possible, wait for a sale • Avoid impulse buying 6.01- Shopping Options

10. Rule #2 COMPARISON SHOP Products • Research the product • Compare products • Brand names, store brands, and generics • Size of package • Other product features • Understand warranties • Talk to people who have • made the same purchase • Check the Internet 6.01- Shopping Options

11. Rule #2 COMPARISON SHOP Services • Identify a person(s) or business(es) that provide the desired service • Check qualifications • Interview; ask for demos/samples • Check references • Check licensing, bonding, insurance • Pay close attention to agreements 6.01- Shopping Options

12. Pay close attention toTerms of Agreements • Estimate --- a total expected cost, in writing, for performing a service • Workorder --- gives authority to the provider to perform services • Contract --- a legally binding agreement between a service provider and a consumer • Service warranty --- a guarantee of quality standards for performance 6.01- Shopping Options

13. Rule #3 SHOP WISELY - In Stores • Consider the value of time and energy, as well as money • Handle money, cash, and credit cards with care • Get receipts and sales slips; file carefully • Deal fairly and honestly with others in the marketplace • Report unfair/dishonest practices to the proper authorities 6.01- Shopping Options

14. Pros of Shopping in Stores • Variety of merchandise in one area • Close to home for last-minute or emergency shopping • Has special prices with a membership card • Malls offer special attractions and promotions for customers • Can try on clothes • Items are easy to exchange • Offer payment plans • Offer store credit cards • Can work with knowledgeable sales people • Stores offer special services---e.g., gift wrapping

15. Cons of Shopping in Stores Must find a place to park Takes time to buy costly items Picked-over merchandise Large crowds on sale days and weekends Limited space

16. Types of Physical Stores Retail store - Obtains goods from wholesalers to sell to consumers Wholesale store - Obtains goods from suppliers to sell to retailers Department store - Sells a variety of goods and services in a single store Warehouse club and super store - Offers price advantages and wide product selection to its members Discount store - Sells certain lines of merchandise at below-average prices Consignment store - Sells used merchandise at reduced prices Thrift stores - Sells used products , cheaper than buying new Specialty store - Sell goods and services for specialized purposes

17. Rule #3 SHOP WISELY At Home • Know name, physicallocation of seller • Understand what you are buying • Compare prices with other retailers • Only buy from secure sites • Check seller’s privacy policy • Pay by credit card • Find out delivery date, return and refund policy • Check product promptly when delivered 6.01- Shopping Options

18. Buy any time, 7 days a week Can obtain special orders Will deliver Can purchase on the spot. Can buy from the comfort and convenience of your own home Buy goods and services from a worldwide market Pros of Shopping at Home

19. May not know the physical location of the seller must have a credit card to pay May not understand exactly what you are buying Must check seller’s privacy policy before giving personal and financial information Must keep a complete record of each transaction If the offer sounds too good to be true, then it probably IS NOT a good deal. Must check exchange policy Will have shipping and handling costs added Must check reliability, legitimacy, and security of sellers before buying Cons of Shopping at Home

20. Types of Stores for Shopping @ Home Door-to-door sales - Salesperson comes to home, either by invitation or not Catalog shopping - Shopper calls on telephone to buy goods listed in a catalog T-commerce - Shopping in response to ads on television E-commerce - Buying goods and services on the Internet, including Internet auctions

21. Let’s ReviewLane made sure she had the name and physical location of the person from whom she was buying merchandise online.Which effective shopping practice is this? Comparison shop products Comparison shop services Shop wisely at home Shop wisely in stores

22. C. Shop wisely at home Remember… Rule #3 Know name, physical location of seller

23. Jake decided not to drive all over town looking at different computers, but to visit one large online computer dealer and take the time to make a good choice. Which effective shopping practice is this? Plan before you shop Comparison shop products Comparison shop services Shop wisely at home

24. B. Comparison shop products Remember… Rule #2 Compare products & Check Internet

25. Makayla called and spoke with severalcaterers before she selected one. Which effective shopping practice is this? Comparison shop products Comparison shop services Plan before you shop Shop wisely in stores

26. C. Comparison shop services Remember… Rule #2 Identify a person(s) or business(es) that provide the desired service & Check qualifications

27. Jeff decided to wait for tents to go on sale to purchase his. Which effective shopping practice is his decision to wait? Plan before you shop Comparison shop products Comparison shop services Shop wisely in stores

28. A. Plan before you shop It’s Rule #1 If you don’t plan, then you may impulse shop and spend more than you had planned.

29. Wilson signed an agreement to give the mechanic authority to repair his motorcycle. This is an example of which type of service work agreement? Contract Estimate Service warranty Work order

30. D. Work order Work Order - Gives authority to a service provider to perform services. You must sign it before they begin work. For example: vehicles, internet/cable, appliances, etc.

31. Kitty managed to find five minutes over the weekend to order by phone some work supplies she needed. Which pro or con of shopping at home does this illustrate? Con---may not know the physical location of the seller Con---must keep a complete record of each transaction Pro---can buy any time seven days a week Pro---can buy from a worldwide market

32. C. Pro---can buy any time seven days a week

33. When LaJuan shopped for a new television, he had to wait thirty minutes for help from a salesassociate, and they were interrupted many times before the purchase was complete. Which pro or con of shopping in stores does this illustrate? Con--- takes time to buy costly items Pro---offer payment plans Con---limited space Pro---can buy any time seven days a week

34. A. Con--- takes time to buy costly items

35. Agreeing to purchase a set of encyclopedias from someone who comes to your home to show them is an example of which type of home shopping? Catalog shopping E-commerce Door-to-door shopping T-commerce

36. C. Door-to-door shopping

37. The Home Shopping Network is an example of which type of home shopping? Catalog shopping Catalog shopping E-commerce T-commerce

38. D. T-commerce

39. Bryce‘s son has a really large, narrow foot and needs new basketball shoes. What type of store is MOST LIKELY the best place to shop? Discount store Factory outlet Specialty store Warehouse superstore

40. C. Specialty store Sell goods and services for specialized purposes

41. Tre needed to purchase severalcases of apples that are needed for the lunch line in the cafeteria. What type of store is MOST LIKELY the best place to shop? Discount store Factory outlet Specialty store Warehouse superstore

42. D. Warehouse superstore Offers price advantages and wide product selection

43. Shannon and Keziah are looking for a slightly used desk for their apartment. What type of store is MOST LIKELY the best place to shop? Consignment or thrift store Department store Factory outlet Specialty store

44. A. Consignment or thrift store Sells used merchandise at reduced prices