Consumer & Financial Decision
What are needs? provide 2 exaples
Things you need to survive, such as food/shelter/clothing
A business pays for a TV spot to persuade people to buy its product
Advertising
A person who spots a business opportunity and takes on the risk of starting it
Entrepreneur
Unless you have a full-time job, go to TAFE, how old do you have to be before you are allowed to leave school?
17
Sequel to the movie of a clownfish searching for his son
Finding Dory
This payment method lets you buy now and pay later, with interest charged if the balance isn't cleared (normally withing 30 days)
Credit Card
Making a product stand out from competitors through features, branding or quality
Product Differentiation
A business owned and run by one person who has unlimited liability
Sole Trader
A person's ability to understand and be legally bound by their actions.
Legal Capacity
This popular cartoon is set in Brisbane
Bluey
These automatic rights under the Australian Consumer Law say goods must be of acceptable quality and fit for purpose
What are consumer guarantees?
The specific group of customers, such as teenagers, that a promotion is aimed at
Target Market
You pay fees to use an established business’s name, products and systems
Franchise
A promise to tell the truth that a witness has to swear
Oath
In what game do you need to watch out for "Creepers"
Minecraft
This NSW government agency helps resolve consumer–business disputes before they reach NCAT
What is NSW Fair Trading?
Advertising that creates a false impression breaches the Australian Consumer Law under this heading
Misleading or deceptive conduct
Business owners are personally and legally responsible for all company debts, legal claims, and financial losses
Unlimited Liability
Becoming independent before 18/separating from your parents
Emancipation
Where was the actor who plays Thor born?
Melbourne
Along with offer, acceptance and capacity, a simple contract needs this...
Consideration
The main legislation in Australia regulating promoting and selling, ensuring consumer protection.
Competition and Consumer Act 2010
This financial document lists a business’s assets, liabilities and owner’s equity at a point in time
Balance Sheet
The Latin terms for the “guilty act” and “guilty mind” the prosecution must prove
Actus Reus and mens rea
Who does Ariana Grande play in Wicked?
Glinda