Consumer Flashcards
Goods
Products or items that can be bought and sold
Food, cars
Services
Supplying a commodity or doing work for another for payment
Hairdressing, electricity
Caveat emptor
Let the buyer beware
Informed consumers know
Their legal rights
How to make a complaint
Organisations available to help and protect them
Unit price
Price
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Number of units
False economy
Buying so,etching because it appears to save you money even though it doesn’t in the long term
Deposit
Small sum(s) of money paid to the seller for goods until it can be purchased fully
Bar code
A series of vertical lines and a 13 digit number
Loss leader
When a shop reduces the price of an item in that shop in order to attract customers to buy other items in that shop as well
e.g. bread, milk
Price war
When shops selling similar products try to undercut each other to increase their market share
Sales of Godds and Supply of Services Act 1980
Goods must be: •of merchantable quality •fit for purpose •as described •conform to sample
Forms of compensation
Refund
Replacement
Repair
Guarantee
A bonus offering additional rights
Credit note
Allows you to buy goods to a certain value in that shop
Small Claims Court
Cost €18 and can make a claim up to €2000.