Chapters 22, 23, and 24 Flashcards

0
Q

Consumer

A

Person who selects, purchases, uses, or disposes of goods and services

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1
Q

Promotional sale

A

One that gives you a special buy on a new product or a product that’s in season

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2
Q

Unit price

A

Cost of an item in a standard unit of measure

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3
Q

Limited warranty

A

Covers only certain parts of products

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4
Q

Generic products

A

Plainly labeled, unadvertised, and sold at lower prices

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5
Q

Impulse buying

A

Purchasing things on spur of a moment

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6
Q

Label

A

Info on the product that is used to tell you about the product

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7
Q

Shopping list

A

List of items you plan to buy

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8
Q

Department stores

A

Provides goods

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9
Q

Most expensive always the best?

A

No

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10
Q

Which had better prices department or discount stores?

A

Discount

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11
Q

What are some of the things you can to be a smart shopper?

A

Bargain shop, make a list, watch out for end caps, and look for sales

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12
Q

Bait and switch

A

Advertising a product at a lower price to lure you into the store

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13
Q

Recycling

A

Involves collecting products for processing so they can be used again

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14
Q

Boycott

A

Refuse to buy a company’s goods and services

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15
Q

Customer service department

A

Takes care of any problems or questions a consumer has with a product

16
Q

If you wash a sweater differently than what the label says and it gets ruined can u sue the manufacturer? Why or why not?

A

No because you didn’t follow the label on the sweater

17
Q

What is an alternative to brand name products?

A

Store brand or generic products

18
Q

Rights of consumer bill

A

Rights to be: informed, to choose carefully, use products safely, to speak, to seek remedy, and to lean consumer skills

19
Q

Recall

A

Take back and repair or replace defective products

20
Q

License

A

Legal permits to conduct business

21
Q

Consumer advocate

A

Groups and individuals that work to protect, inform, and defend consumers

22
Q

Refund

A

Return the cost of a product to you, fix the item, or replace it

23
Q

Public utilities

A

Are legal monopolies that allow companies to operate without competition

24
Q

What is the purpose of the BBB? Do the make recommendations on the best products?

A

Collects info on local businesses and handles complaints. No

25
Q

Do you need a lawyer to go to small claims court?

A

No

26
Q

The size of a claim in small claims court ranges from?

A

As low as $25 to $5,000

27
Q

Do all stores have the same refund policy?

A

No

28
Q

Federal Trade Commission

A

Enforces laws about business practices

29
Q

The U.S. Department of Agriculture

A

Inspects gods like meat and grades them

30
Q

FDA

A

Tests drugs broker putting them in stores

31
Q

NHTSA

A

Inspects roads and vehicles to make sure they are safe