consumer education jeopardy! get ready to play… consumer education jeopardy! 1.the room will be...
TRANSCRIPT
Consumer Education
JEOPARDY!
Get ready to play…
Consumer Education
JEOPARDY!1. The room will be divided into two groups or teams.
2. Each side will take turns selecting a question.
3. Each person from the team will have a chance to answer (we will go up and down the rows with each question so everyone gets a chance).
4. If you cannot answer within 20 seconds, the other team will have a chance to answer.
5. If they cannot answer within 20 seconds, the original team can answer.
6. Incorrect answers in Double Jeopardy will be penalized—so be careful!
7. You may use your books/notes but hurry up! Time will run out!
8. There are 6 Daily Doubles.
9. A score keeper is needed.
10.Answers must be in the form of a question.
11.The team with the most money wins!
Let’s Play!
$500 $500 $500 $500$500
$400 $400 $400 $400$400
$300 $300 $300 $300$300
$200 $200 $200 $200$200
$100 $100 $100 $100$100
Supply & Demand
AgenciesProcessesExtrasAdvertising
What is Informative Advertising?
Advertising that provides information that can help you
make a good buying decision is
Advertising
What is False?
When there are important differences between brands or products ads tend
to use rational claims True or False
Advertising
What is False
Most advertising attempts to get you to buy according to your common sense rather
than your emotionsTrue or False
Advertising
What is Persuasive Advertising?
Advertising that is designed to appeal to your emotions to influence you to buy a
product is
Advertising
What is Comparative Advertising?
Advertising that tries to win your favor by showing its products qualities to those of a competing product is
Advertising
What is False?
When demand decreases while the supply of a product remains steady, the price goes
up.True or False
Supply & Demand
What is True?
When supply increases and demand remains steady, the prices goes down?
True or False
Supply & Demand
What is demand?
Name this part of the supply and demand graph.
Supply & Demand
What is supply?
The quantity of a product that producers are willing and able to make available for sale at various prices over a given time
period is said to be
Supply & Demand
What is exactly the same as demand?
The equilibrium price for a product is the price at which the quantity
supplied is
Supply & Demand
What is false?
A loss leader strategy is when a business advertises a low price but the product is “out of stock” when
the consumer arrives. The store then offers a higher prices item.
True or False
Extras
What is True?
Opportunity cost is the value of your next best alternative whenever you
make a choice.True or False
Extras
What is true?
What, how, how much, and for whom products will be produced are the four basic
questions economies answer regarding decisions on goods and services.
True or False
Extras
Who is the Manager?
In a complaint process the second person you should speak to
is_________
Extras
What is bait and switch?
Trying to lure shoppers into the store by advertising an item at a very low price in order to try to sell them a more profitable
item is known as:
Extras
Who is store clerk?
The first person to complain to about a product is:
Processes
What is go up?
When demand goes up, but supply stays the same, this will happen to
prices.
Processes
What is a law suit?
After reporting a problem or concern with a product the last thing you
should do if no one else has resolved the issue is file a:
Processes
What is Consumer Reports?
The Consumer Union test products and rates them based on their quality and reports them in the publication known
as:
Processes
What is the remedy sought by the consumer?
A good letter of complaint should state the problem, include the model, serial number, date and place of purchase,
and a______
Processes
Who is the Consumer Product Safety Commission?
This agency handles complaints about the safety of most products except food, drugs, cosmetics, and cars:
Agencies
Who are the Underwriters Laboratory or UL?
This company test products safety from fire, electric shock, and other
hazards. It is known as:
Agencies
What are frauds and misleading ad claims?
A major concern of the state’s attorney general’s office is:
Agencies
What is the Better Business Bureau?
This agency will provide consumers with information about particular firms but
will not tell them where to buy a product.
Agencies
What is the Federal Trade Commission?
The agency that deals with deceptive advertising is called the
Agencies