Goods and services Flashcards

1
Q

Goods

A

Items that can be bought and sold, like toys, clothes, or food.

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2
Q

Services

A

Services are actions or tasks performed to meet specific needs or provide assistance, often in exchange for payment.

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3
Q

Needs

A

Things vital for survival

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4
Q

Wants

A

not vital for survival

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5
Q

Redress

A

Redress means fixing a problem or making things right, like when someone gets compensation for something that went wrong.

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6
Q

Refund

A

A refund is the return of money to a customer when they are dissatisfied with a product or service or have made an overpayment.

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7
Q

Receipt

A

A receipt is a written record of a transaction, showing what was purchased and how much was paid.

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8
Q

Consumer responsibilities

A

Consumer responsibilities are what you should do as a buyer, like making smart choices and using products safely and responsibly.

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9
Q

Consumer rights

A

Consumer rights are what you deserve as a customer, like the right to safety and information when you buy things.

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