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C22 Making Consumer Decisions

AB
brand nameA word or name on a product that helps consumers distinguish it from other products.
generic productsProducts that are plainly labeled, unadvertised, and sold at lower prices.
comparison shoppingChecking the price and quality of a product in more than one store.
unit priceThe cost of an item for a standard unit of measurement, such as an ounce.
promotional saleA sale that gives you a special buy on a new product or a product that's in season.
clearance saleA sale to clear out goods that are going out of season or are no longer profitable to make room for new merchandise.
loss leadersAdvertised products that sell for a loss to bring customers into a store so they'll buy other things.
impulse buyingPurchasing things on the spur of the moment.
warrantyA legal document that states the rights and responsibilities agreed to by the consumer and the store or manufacturer.



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