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smart buying strategies - Coggle Diagram
smart buying strategies
timing of purchases
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why: some times of the year or day provide certain benefits to making a purchase such as the end of the day or during a tax break or during a holiday connected to sales such as black friday
store selection
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why: similarly to comparing brands not all stores share the same quality assurance. a well known store will have a quality guarantee while something like a dollar store will not.
brand comparison
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why: name brands come with a guarantee of consistency that no name brands do not hive but for this reason they can charge more for their products
label information
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why: some products have useful information or red flags on their labels. appliances are required to have their energy efficiency on their labels and food is required to have ingredients and allergy warnings on them.
price comparison
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why: not all stores have the same prices for the same things, different sellers may try to undercut their competition to draw in customers
warranty evaluation
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why: some products could be easily destructible or not have very long usage lives so some companies offer warranties that will cover a range of things. not all of them will cover everything but most will cover any damage to the product within a set period of time