The Consumer Flashcards

0
Q

What is a trader

A

A person who buys goods to sell them

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1
Q

What is a consumer

A

Someone who buys goods and services for personal use

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2
Q

What is being a wise consumer

A
Can I afford this item
Do I need this item
Value for money
Have I checked other shops/Internet
Do I have a receipt
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3
Q

How to find value for money

A

Price divided by quantity

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4
Q

What is a brand name

A

A brand name is a unique name given to a product, using a logo to distinguish it from similar products made by other company’s

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5
Q

Name some things on a label on a food purchase

A
Name
Ingredients 
Best before date 
How to store
Country of origin
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6
Q

What is a barcode

A

This is a series of lines and numbers used to identify the product and speed up checkout, numbers can show, price, country of origin and manufacturers

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7
Q

What is a loss leader

A

When shops sell a product at a loss to entice people into the shop. Theses people will also but loads of other goods.

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8
Q

Sale of goods and supply of services act

A

Goods should be of merchantable quality
Goods should be fit for purpose
Goods should be as described
Goods should conform to sample

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9
Q

Explain the first law of the sale of goods and supply of services act goods should be of merchantable quality

A

Goods should be in good condition for the price paid

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10
Q

In the sale of goods and supply of services act explain conform to sample

A

Must be the same as the sample we were shown in the shop.ex. Carpet

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11
Q

Explain fit for purpose in the sale of goods and supply of services act

A

Must be used for purpose stated. Ex. Super glue cannot fix your car after a crash

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12
Q

Give an example of be as described from the sale of goods and supply of services act

A

If a holiday brochure states it is a short stroll to the beach and the closest one is 10km away.

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13
Q

What are the three remedies if the sale of goods and supply of services act is broken

A

Replacement
Repair
Refund

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14
Q

Nine elements of a letter of complaint

A
  1. Contact details
  2. Date of letter
  3. Name and address of person to whom you are sending the letter
  4. Salutation
  5. Details of product purchased( mention receipts)
  6. Nature of complaint
  7. Legal requirements
  8. Resolution required
  9. Closure
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15
Q

Explain consideration

A

Consideration is something of value that passes between the parties to a contract

16
Q

What is a trade association

A

Is in organisation representing most or all of the producers or sellers in a particular trade

17
Q

Explain ombudsman

A

This is a person who is responsible for investigating and resolving complaints from consumers and the public against an organisation or company

18
Q

Name the four principles of the National Consumer Protection Act

A

Deals with misleading claims regarding goods or services
EU laws on misleading advertising
Pyramid schemes
National consumer agency

19
Q

Name the functions of the NCA

A

Promote and protect the interests of consumers.
Enforce consumer law
Encourage retailers and sellers to obey laws
Investigate suspected offences under consumer law
If problem isn’t solved refer it to the Director of public prosecutions

20
Q

Know the symbols for pure wool, guaranteed irish, and real leather

A

…..

21
Q

What is the NCA now known as

A

The competition and consumer protection commission