Year 9 Commerce Product: FRIHETEN (Corner sofa bed)

MAIN FEATURES

FACTORS THAT EFFECTED MY CHOICE OF THE GOOD

Key factors that influenced my choice to purchase my product at IKEA. Was the 3 1/2 star rating for the product and also reveiws connected to the quality of the IKEA furniture. Although the distance from home was a issue but was willing to make the distance for the quality, affordable price, benifical reveiws, storage space, and the sofa bed fitting to me as a consumers needs.

SOURCE OF LOCATION

My product was purchased at IKEA. Reasoning for my choice would be, connivence in delivery, quality of the product, and customer service of installing the product in your home. The IKEA store is located Rhodes Waterside Shopping Centre, NSW 2138. The store is far from home but is shown with good quality and price for the product.

PAYMENT OF GOOD

Disadvantages of Credit cards: High cost fees, Your purchase will suddenly become much more expensive if you carry a balance or miss a payment. Unexpected fees: Typically, you'll pay between 2 and 4 percent just to get the cash advance; also cash advances usually carry high interest rates.

Advantages of credit cards: Convenience, Credit cards can save you time and trouble--no searching for an ATM or keeping cash on-hand. Purchase protection, most credit card companies will handle disputes for you. If a merchant won't take back a defective product, check with your credit card company.

Advantages of debit cards: Extremely Convenient, the biggest draw for debit cards is how simple they are to use. Since the payment is taken directly out of your bank account, where the money already exists, it can be done instantly. This is much faster than having to wait for a credit transaction to go through. You don’t need to find a bank to withdraw funds. You can use your debit card almost anywhere and no monthly interest charges on your spending

Disadvantages of debit cards: If your account is low on funds you can’t use your debit card for a purchase if the purchase exceeds your balance. Unlike a credit card that allows you to borrow on your credit, your debit card requires the funds to be available in your account in order for you to use it.

FLOWCHART

BIBLIOGRAPHY

Return Policy". IKEA. 2010-2017. < http://www.ikea.com/ms/en_AA/customer-service/abou t-shopping/return-policy/ >

Online text book (jacaranda) 'New concepts in commerce'

"FRIHETEN corner sofa bed". IKEA. 2016. < http://www.ikea.com/ca/en/catalog/products/7024303 8/ >

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