1. Effective Shopping Practices
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. Published 10 months ago by tonrey11 › See more 5 star, 4 star reviews
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 range My 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 to Terms of Agreements
Estimate --- a total expected cost, in writing, for performing a service
Work order --- 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, physical location 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. Pros of Shopping at Home
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

19. Cons of Shopping at Home
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

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

23. Comparison shop products Comparison shop services Shop wisely at home
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. Comparison shop products Comparison shop services Plan before you shop
Makayla called and spoke with several caterers 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. Comparison shop products Comparison shop services
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. Contract Estimate Service warranty Work order
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. For example: vehicles, internet/cable, appliances, etc.
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. Con---may not know the physical location of the seller
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. Con--- takes time to buy costly items Pro---offer payment plans
When LaJuan shopped for a new television, he had to wait thirty minutes for help from a sales associate, 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. Catalog shopping E-commerce Door-to-door shopping T-commerce
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. Catalog shopping E-commerce T-commerce
The Home Shopping Network is an example of which type of home shopping?
Catalog shopping
E-commerce
T-commerce

38. D. T-commerce

39. Discount store Factory outlet Specialty store Warehouse superstore
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. Sell goods and services for specialized purposes
C. Specialty store
Sell goods and services for specialized purposes

41. Discount store Factory outlet Specialty store Warehouse superstore
Tre needed to purchase several cases 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