The Ultimate Store Coupons Quiz

Staff

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About This Quiz

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?

Coupons offer savings, and motivate consumers to purchase a particular product.

How do you redeem a coupon?

Usually you will bring a coupon to a store, and use the coupon for its cash value toward the purchase of a particular item. Some coupons, however, are used for a mail-in rebate.

How often, typically, are coupons sent to a store's headquarters?

Most stores collect their coupons weekly, and then send them to headquarters for processing.

Big chain stores are collecting how much money in coupons per week?

The big chain stores usually collect millions of dollars worth of coupons per week.

What is the first step a store must take when counting coupon sales?

Coupons redemptions must be factored into the store's total sales, to make sure that the final total is accurate. Every coupon is treated as having cash value.

How do coupon clearinghouses usually sort through coupons?

Somewhere in America, right now, a team of people is sorting and cataloging millions of coupons by hand.

The first step in the clearinghouse's sorting process is to separate the coupons by which of these categories?

Used coupons are usually returned to the product manufacturer, which means they must be sorted by manufacturer before they are tallied.

The code on a coupon that indicates its value is called what?

A Universal Product Code (UPC) is a 12 digit number that allows an electronic scanner to determine the price of an item, or the value of a coupon.

The total value of coupons whose UPC codes are intact is usually tallied how?

Many clearing houses use conveyer belts to scan coupons. The coupons, with UPC code face up, are placed on the belt, and the scanner totals up the value.

About how long does the entire process of clearing coupons take?

It usually take about a month for the manufacturer to get back its redeemed coupons.

Approximately how much money do stores receive from manufactures for processing a coupon?

Usually a manufacturer will reimburse a store around $.08 per coupon.

When is the most economical time to use a coupon?

If you can find a coupon for an item that is already on sale you will compound your savings. You might even get the item for free.

After the coupon values have been tallied up by the clearinghouse, where do the coupons go?

Redeemed coupons are sent back to the product manufacturer.

When collecting coupons you should keep an eye out for which of these?

Many coupons have expiration dates. Experts advise keeping coupons in your wallet or purse, so that you remember to use them before they expire.

To which of these countries do U.S. clearing houses often outsource their excess work?

There are so many coupons being processed per week that clearinghouses often must outsource their work to other clearinghouses, such as those in Mexico.

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