Consumerism and Purchasing

Name: Samuel, Dequanne
Due Date: 7th May 2013
Teacher’s Name: Hughes
Table of Contents

Term definitions: pg 1
Advantages and Disadvantages of Large and Small Supermarkets: pg 2
Food Labelling: pg 3-4
Food Purchasing: pg 5
Conclusion: pg 6
Bibliography: pg 7

Term Definitions
Unit pricing-The pricing of goods on the basis of cost per unit of measure
Net Weight-Actual, computed, or estimated weight of a good without its container and/or packaging.
Impulsive Buying- The purchase habits of consumers who buy goods or services at the beginning point of contact.
Universal Produce Code-A barcode symbology used for tracking trade item in stores
Standard of Identity-Mandatory, federally set requirements that determine what a food product must contain to be marketed under a certain name in interstate commerce.
Expiry Date-A date in which items are no longer good for use
Comparative Shopping-The practice of comparing prices in advance of actually shopping in order to achieve the best deals and pricing on merchandise and services.
Bulk Buying- The act of buying large quantities of goods at low prices

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Advantages and Disadvantages of Large and Small Supermarkets

Advantages * Small markets have friendly staff * In small markets you can get items now and pay later * Large markets have more items than small markets * The goods in large markets are a lot cheaper

Disadvantages * Small markets do not generally have as much items as large markets * Small markets can be a lot dirtier than Large markets * Large markets often have goods long after the expiration date * Large supermarkets usually cost a lot more to operate because of the large space
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