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Consumerism

Ashley Warren

Match the terms found in consumerism with their meanings.

WHO IS A CONSUMER?  A product's average price is the result of dividing the product's total sales revenue by the total units sold.
WHAT ARE GOODS? The activity of electronically buying or selling of products on online services or over the Internet.
WHAT ARE SERVICES? An unplanned decision to buy a product or service, made just before a purchase.
WHAT IS BULK SHOPPING? Simply means the total weight of a load.
WHAT IS CREDIT? The purchase of much larger quantities than the usual, for a unit price that is lower than the usual.
WHAT IS IMPULSE BUYING? Items that satisfy human wants and provide utility, for example, to a consumer making a purchase of a satisfying product.
WHAT IS E-COMMERCE? A transaction in which no physical goods are transferred from the seller to the buyer.
WHAT IS GROSS WEIGHT? The trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately, but promises either to repay or return those resources at a later date.
WHAT IS UNIT PRICING? A person or a group who intends to order, orders, or uses purchased goods, products, or services primarily for personal, social, family, household and similar needs, not directly related to entrepreneurial or business activities.

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