The Consumer Flashcards
What is a trader
A person who buys goods to sell them
What is a consumer
Someone who buys goods and services for personal use
What is being a wise consumer
Can I afford this item Do I need this item Value for money Have I checked other shops/Internet Do I have a receipt
How to find value for money
Price divided by quantity
What is a brand name
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
Name some things on a label on a food purchase
Name Ingredients Best before date How to store Country of origin
What is a barcode
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
What is a loss leader
When shops sell a product at a loss to entice people into the shop. Theses people will also but loads of other goods.
Sale of goods and supply of services act
Goods should be of merchantable quality
Goods should be fit for purpose
Goods should be as described
Goods should conform to sample
Explain the first law of the sale of goods and supply of services act goods should be of merchantable quality
Goods should be in good condition for the price paid
In the sale of goods and supply of services act explain conform to sample
Must be the same as the sample we were shown in the shop.ex. Carpet
Explain fit for purpose in the sale of goods and supply of services act
Must be used for purpose stated. Ex. Super glue cannot fix your car after a crash
Give an example of be as described from the sale of goods and supply of services act
If a holiday brochure states it is a short stroll to the beach and the closest one is 10km away.
What are the three remedies if the sale of goods and supply of services act is broken
Replacement
Repair
Refund
Nine elements of a letter of complaint
- Contact details
- Date of letter
- Name and address of person to whom you are sending the letter
- Salutation
- Details of product purchased( mention receipts)
- Nature of complaint
- Legal requirements
- Resolution required
- Closure
Explain consideration
Consideration is something of value that passes between the parties to a contract
What is a trade association
Is in organisation representing most or all of the producers or sellers in a particular trade
Explain ombudsman
This is a person who is responsible for investigating and resolving complaints from consumers and the public against an organisation or company
Name the four principles of the National Consumer Protection Act
Deals with misleading claims regarding goods or services
EU laws on misleading advertising
Pyramid schemes
National consumer agency
Name the functions of the NCA
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
Know the symbols for pure wool, guaranteed irish, and real leather
…..
What is the NCA now known as
The competition and consumer protection commission