We all love saving money. Coupons help by allowing you to use a free slip of paper that you cut out of a newspaper as though it were actual money. Of course that means you have to buy that specific brand, but that's a price worth paying. Do you know how coupons work? Take this quiz to learn more about coupons and how they work.
What is the basic function of a coupon?
They offer savings and help increase sales.
They motivate stores to sell certain products.
They help fill up space in magazines.
How do you redeem a coupon?
You mail them in, and then the company mails you some cash.
You take them to a bank, and then the bank deposits that amount into your checking account.
You use them, same as cash, to pay for an item.
How often, typically, are coupons sent to a store's headquarters?
once a day
once a week
once a month
Big chain stores are collecting how much money in coupons per week?
thousands of dollars
millions of dollars
billions of dollars
What is the first step a store must take when counting coupon sales?
The coupon redemptions must be factored into the store's sales.
The coupons must be counted one by one
The coupons must be sorted by value.
How do coupon clearinghouses usually sort through coupons?
The first step in the clearinghouse's sorting process is to separate the coupons by which of these categories?
The code on a coupon that indicates its value is called what?
a UPC code
a PIN code
an rot13 code
The total value of coupons whose UPC codes are intact is usually tallied how?
by hand and calculator
by scanner and conveyer belt
About how long does the entire process of clearing coupons take?
Approximately how much money do stores receive from manufactures for processing a coupon?
When is the most economical time to use a coupon?
Use coupons on the weekends, when fewer people are shopping.
Use a coupon to buy a product already on sale.
Use a coupon the day you find it.
After the coupon values have been tallied up by the clearinghouse, where do the coupons go?
They are destroyed by the clearing house.
They are sent to the manufacturer.
They are recycled.
When collecting coupons you should keep an eye out for which of these?
To which of these countries do U.S. clearing houses often outsource their excess work?