Choose wisely. There is only one correct answer to each question.
0%
Keep studying!
Review your answers below to learn more.
1.
How can you establish a price range for a major product you are interested in purchasing?
Make a list of your needs in a product; make a list of your wants in a product; then search for prices. Once you separate your needs and wants in a product, you can easily find the price range of your major purchase.
2.
Finding the price range for a major purchase involves determining both what you need and what you want.
True. Needs and wants will help you determine your lower and upper price ranges.
3.
Which of the following pieces of information about a product is probably the least useful when making a product comparison chart?
Website. For product comparisons, this is the least useful of all the options.
4.
When researching a major product to buy, you will find that your "needs" determine the _______ end of your price range, and your "wants" will determine the _______ end of your price range.
Lower/upper. Needs are usually met by the least expensive items, and wants are usually met by the more expensive items.
5.
Customer reviews of products are available on most stores Websites.
True. By going online, you can read reviews from people who have bought products just like yours.