Describe the five aspects of major purchases that require comparison shopping.

Expert Solution

Comparison shopping is when people compare prices of a product across different shops or shopping website and choose the one which offers the best price with uncompromised quality. Five aspects of comparison shopping may include:

Carrying out enough research to find a seller who will provide quality product with the best price. Always check the product ratings.
Finding out if the best price is the lowest price or an average among all alternatives available. Weigh your options. How much you're willing to pay and what should be the actual price of the product.
If the money saved is worth the time and effort spent. How much satisfaction is derived?
This will also include comapring not only prices and quality of a single product but the average reputation of the seller across the other products he or she sells. Therefore check the seller ratings.
Compare warranties. Never fall for extended warranties. Sellers often push for extended warranties and they are almost always overpriced. Thus the reason for push selling.

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