International Baccalaureate (IB) Practice Exam

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Which of the following is not recommended for making your money go further?

Buying only name-brand products
Comparison shopping
Buying clothing at end-of-the-season sales
Negotiating for a lower price

The correct answer is: Buying only name-brand products

The choice of buying only name-brand products is not recommended for making your money go further because name-brand items often come with a premium price tag that does not always reflect a significant difference in quality or durability compared to generic or store-brand alternatives. This approach can lead to overspending on items that could be purchased at a lower cost without sacrificing much in terms of quality or functionality. In contrast, engaging in comparison shopping, taking advantage of end-of-the-season sales, and negotiating for lower prices are strategies that actively help to maximize the value of your purchases. These methods allow consumers to identify the best deals available, capitalize on discounts, and reduce overall expenditures, making those options far more effective for budgeting and financial planning.