Question

1. why might someone choose not to comparison shop for an item?
2. explain how discounts, promotions, and other offers stores have can get consumers to spend more money.
3. sharon is trying to decide which tote bag to buy. the first one she finds is $27.99 and has a $3 coupon. the second one is also $27.99 but has a 30% discount. which bag is the better deal?
4. you just went to your favorite restaurant and paid for your meal with your credit card. identify whether you would find each of the following items on your receipt by putting yes or no in the blanks.

a. date and time of your visit:
b. what you ordered:
c. your home address:
d. the total amount you owed:
e. your orders from previous meals:
michael bought a new laptop. his friend, asif, advises him to keep the receipt for a while. why is this good advice?

Explanation:

13.

Some may lack time to compare prices at different stores. Others might be loyal to a particular brand or store and trust they are getting a fair - price. Also, for low - cost items, the effort of comparison shopping may not be worth the potential savings.

Discounts create a perception of getting a good deal, which may encourage consumers to buy more items than they initially intended. Promotions like buy - one - get - one - free can also lead to over - purchasing as consumers feel they are getting extra value. Other offers such as limited - time sales can create a sense of urgency, prompting consumers to spend more.

Step1: Calculate the price of the first tote bag

Subtract the coupon value from the original price. The original price of the first bag is $27.99 and the coupon is $3. So the price $P_1=27.99 - 3=24.99$.

Step2: Calculate the price of the second tote bag

Find 30% of the original price and subtract it from the original price. 30% of $27.99$ is $0.3\times27.99 = 8.397$. The price $P_2=27.99-8.397 = 19.593\approx19.59$.

Answer:

Lack of time, brand loyalty, or insignificance of potential savings for low - cost items.

14.