Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
consumer purchasing
chapter 13
| term | Definition |
|---|---|
| down payment | a potion of the total cost of an item that must be paid at the time of purchase. |
| open dating | a labeling method that indicates the freshness ,or shelflife, of a perishable product, such as milk or bread. |
| unit pricing | the use of a standard unit of measurement to compare the prices of packages that are different sizes. |
| warranty | a written guarantee, issued to the purchaser of an article by its manufacturer, promising to repair or replace it if necessary within a specified period of time. |
| rebate | a partial refund to someone who has paid too much money for tax, rent, or a utility. |
| service contract | a business agreement between a contractor and customer covering the maintenance and servicing of equipment over a specified period. |
| fraud | wrongful or criminal deception intended to result in financial or personal gain. |
| mediation | intervention in a dispute in order to resolve it; arbitration. |
| arbitration | the use of an arbitrator to settle a dispute. |
| small claims court | a local court in which claims for small sums of money can be heard and decided quickly and cheaply, without legal representation. |
| class - action suit | Charges advanced in a court by one or more plaintiffs on behalf of a large group of others who have a common interest. |
| legal aid society | an organization affording counsel and representation in court to litigants unable to pay a lawyer. |
| impulse buying | the buying of goods without planning to do so in advance, as a result of a sudden whim or impulse. |
Created by:
joeyaguon
Popular Finance sets