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Chapter fifteen

Consumers in the Global Economy

QuestionAnswer
Is a price per unit of measure. Unit Price
Is a name given to a product or service to distinguish it from other similar and competitive item. Brand
The opposite of spending time and effort is buying too quickly. Impulse Buying
To fight against unfair business practice, consumers united to demand fair treatment from business. Consumer Movement
When consumers are given falseinformation in an effort to make a sale. Fraud
Is a promise by the manufacturer or dealer usually in writing. Guarantee
Is made orally or in writing and promises a specific quality of performance. Express Warranty
Is imposed by law and is understood to apply even though it has not been started. Implied Waarranty
results in a decision that is legally binding. Arbitration
In every state, a court system exists to resolve cases involved small amounts. Small Claims Court
Created by: bokenjesse
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