Problem 1. A quick check of advertisement in the newspaper, on the internet or on TV will find any number of "sales". Sales may include "hot items" for special events or holidays or may include clearance items from the season just ended. Explain how discounts are used in retail stores to encourage consumer spending and describe a sale you recently read or heard about, letting us know whether it was effective in trying to get someone to purchase whatever was being offered for sale.
Problem 2. Many department stores will offer discounts on "today's purchase" if the buyer will open a store credit card. Why do businesses offer consumer credit? Explain how this benefits the business and the purchaser.