Identification should include

• explaining the research, evaluate, shop, purchase, assert your rights (RESPA) after purchase system
• explaining comparison-shopping strategies
• explaining how a sales representative or personal research can help
• evaluate the pros and cons of sales incentives (e.g., discounts, coupons, rebates, rewards programs, special offers)
• evaluate advantages and disadvantages of purchasing, leasing, and renting
• negotiate prices or terms
• address incorrect billing, receipts, or invoices.

Process/Skill Questions:

Thinking

• What are the advantages of prices?
• Why are prices an efficient way to allocate goods and services?

Communication

• What do merchants usually do to sell items that are overstocked? What does this reveal about the equilibrium price for the product?

Leadership

• Why might one choose to purchase, lease, or rent a product?

Management

• How might everyday prices help buyers make decisions about the goods and services they buy?