extra questions for term four

Question 1

what’s the name of the organisation that keeps a record of an individuals credit info

Answer 1

-a credit bureau

Question 2

what are three consumer rights relating to credit transactions

Answer 2

-the right to apply for credit
-the right to not be discriminated
-the right for the documents to be in the consumers first language

Question 3

what are four ways to reduce bank charges

Answer 3

-use a cheque or debit card
-only withdraw money when necessary
-make sure theres enough money for debit orders to avoid a penalty fee
-do internet banking

Question 4

what is expenditure patterns

Answer 4

-typical ways consumers spend their money on goods and services

Question 5

what’s an expense that is put aside for a long term goal

Answer 5

-savings

Question 6

what are the structural units that make up proteins

Answer 6

-amino acids

Question 7

what are two types of carbs

Answer 7

-sugar
-starch

Question 8

what is element texture

Answer 8

-surface quality
-tactile and surface

Question 9

what’s the term used for a statement which outlines the key requirements for making an item

Answer 9

-product specification

Question 10

what’s the term market segment

Answer 10

-a group of customers with common needs and interests

Question 11

what are the four Ps

Answer 11

product, price, place, and promotion