Commerc

3. List the types of finance available to consumers.
5. Would you spend more time shopping for durable or non-durable goods?
9. List 4 important things to remember when comparing prices between stores.
11. What is a generic or own-label product? Why are they so common & popular?
12. How do manufacturers use packaging to give themselves a competitive advantage in the marketplace?
15. Explain why convenience & service have become increasingly important to consumers.
17. Describe the difference between durable & non-durable goods.
18. What is shopping hierarchy? What type of stores features at the different levels?

1. What is unit pricing? How can unit pricing help you get a better deal?
2. What is meant by the term reliable?
4. Define the terms: depreciation, complementary goods, substitute goods, consumer services, producer services
6. What is a hire purchase agreement? How is hire purchase different from other forms of credit?
7. What is a warranty? What features of a warranty should consumers look for when buying a product?
8. What is a good. Explain the difference between a good & a service.
10. Define the terms gross income & disposable income
13. How has the shopping hierarchy in Australia changed over time? Provide reasons to account for these changes
14. Outline the key factors that affect consumer decisions. Provide an example of each of these factors.
16. Define the term impulse buying. What strategies can be used to address impulse buying?