Consumer Flashcards

1
Q

Goods

A

Products or items that can be bought and sold

Food, cars

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2
Q

Services

A

Supplying a commodity or doing work for another for payment

Hairdressing, electricity

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3
Q

Caveat emptor

A

Let the buyer beware

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4
Q

Informed consumers know

A

Their legal rights
How to make a complaint
Organisations available to help and protect them

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5
Q

Unit price

A

Price
———————
Number of units

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6
Q

False economy

A

Buying so,etching because it appears to save you money even though it doesn’t in the long term

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7
Q

Deposit

A

Small sum(s) of money paid to the seller for goods until it can be purchased fully

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8
Q

Bar code

A

A series of vertical lines and a 13 digit number

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9
Q

Loss leader

A

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

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10
Q

Price war

A

When shops selling similar products try to undercut each other to increase their market share

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11
Q

Sales of Godds and Supply of Services Act 1980

A
Goods must be:
•of merchantable quality
•fit for purpose 
•as described
•conform to sample
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12
Q

Forms of compensation

A

Refund
Replacement
Repair

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13
Q

Guarantee

A

A bonus offering additional rights

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14
Q

Credit note

A

Allows you to buy goods to a certain value in that shop

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15
Q

Small Claims Court

A

Cost €18 and can make a claim up to €2000.

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16
Q

Consumer

A

Anyone who buys goods or services for their personal use