BUSN 380 STUDY Career Path Begins/busn380study.com BUSN 380 STUDY Career Path Begins/busn380study.com | Page 88

5. John Walters is comparing the cost of credit to the cash price of an
item. If John makes a $60 down payment, and pays $34 a month for 24
months, how much more would that be than the cash price of $695?
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BUSN 380 Week 5 Quiz

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Question 1. 1. (TCO 1) _____ is the first phase of the consumer buying
process. (Points : 1)
Gathering information
Evaluating alternatives
Selecting the buying location
Researching alternatives
Identifying the problem
Question 2. 2. (TCO 1) The purpose of a cooperative is to (Points : 1)
solve consumer complaints.
test consumer products for quality.
lobby for changes in consumer protection laws.
obtain brand-name items for less than wholesale.
sell products or services to members at reduced prices.