22.1
A person who selects, purchases, uses, and disposes of goods and services. Is also faced with many buying options.
What is a consumer?
A sale that offers a special buy on a new product or a product that is in season. It is usually held at a time when consumer purchases are down, such as after the holidays.
What is a promotional sale?
The bill that states the right to be informed, the right to choose, the right to safety, and the right to be heard.
What are consumer rights?
The process of preserving, protecting, and planning the management of resources. For example, as more people move into an area, the demand for water rises.
What is conservation?
An order to take back and repair or replace a product that has defective parts.
What is a recall?
A plan that specifies how resources- particularly money- will be allocated or spent during a particular period.
What is a budget?
A sale to clear out goods that are going out of season or are no longer profitable. These sales often make room for new merchandise.
What is a clearance sale?
A movement to pass laws protecting consumers from unfair and unsafe business practices. Over the years, three other rights were added: the right to have problems corrected, the right to consumer education, and the right to service.
What is the consumer movement?
Involves collecting products for processing so that they can be used again.
What is recycling?
A company that is allowed to operate without competition.
What is a legal monopoly?
The trade name for a product or service produced by a particular company.
What is a brand name?
Advertised products that sell at a loss to bring customers into a store. Even though a store does not make money on them, their low prices are intended to attract more customers.
What are loss leaders?
The legal responsibility that manufacturers have to make a safe product. For example, tools and appliances must include safety devices for your protection.
What is product liability?
A refusal to buy a company's goods or services as a result of objection to the company's policies or products.
What is a boycott?
Legal permits to conduct business.
What is a license?
Plainly labeled, unadvertised products that are sold at lower prices than brand-name goods.
What is a generic product?
The act of making unplanned purchases.
What is impulse buying?
A sales tactic in which buyers are tempted by an advertised bargain but then are persuaded to buy a more expensive item instead.
What is bait and switch?
Groups and individuals who work to protect, inform, and defend consumers.
What are consumer advocates?
The act of charging more than one price for the same product or service in different markets or to different customers.
What is price discrimination?
Comparing the prices and the characteristics of competing brands or stores.
What is comparison shopping?
What is a warranty?
The contamination of air, water, and land. Often caused by waste from products as well as the ways we use them.
What is pollution?
Indicate the level of quality of foods.
What are grade labels?
A nonprofit organization that collects information on local businesses and handles complaints.
What is the Better Business Bureau (BBB)?