Consumer Decisions
One decision consumers make
Financial, Business, Employment, Legal or Environment
One way to earn an income
Wage, commission, dividend, welfare payment, superannuation, rent
When renting you sign this contract
Lease
One factor that differentiates a product
Customer service, convenience, environmental issues, ethical issues
A sole trader is
Owned and operated by one person
One option for purchasing goods
Manufacturer, wholesaler, retailer
One reason for borrowing money
Instant satisfaction, convenience, emergencies
An ongoing cost of moving out of home
Phone, electricity, gas etc.
Personal selling is
A sales representative selling a product to a customer on a one on one level. E.g a real estate agent showing a house to a couple.
An advantage of purchasing an existing company is
Teachers discretion
One department store
Myer, David Jones, K Mart, Big W, Target
When you don't pay your bank loan back this happens
Repossessed
One type of insurance for moving out of home
Home and contents insurance, health insurance, car insurance
One feature used to segment the market
Age, gender, income level, education background, lifestyle
A public company is
A company that is listed on the share market and has shareholders
The three features of a simple contract (in the correct order)
Offer, acceptance, consideration
A dividend
A share of company profits shareholders receive each year
Is a bond paid back at the end of a lease
Yes
Sales promotions include
Coupons, loyalty rewards, samples.
GST stands for
Goods and services tax
The ACCC enforces this consumer law act
Competition and Consumer Act 2010
A law that regulates the financial services industry
The Financial Services Reform Act 2001, National Consumer Protection Act 2009 or Future Financial Advice legislation
An organisation that can assist you when moving out of home
Centrelink
An organisation that promotes ethical consumerism
Fairtrade
Limited liability means
An owner hold little responsibility of the actions of the company