Consumer Purchasing And Protection Quiz

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Vocab Ch thirteen Consumer Purchasing and Protection

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down payment	a portion of the full price of an detail that must be paid at the fourth dimension of puchase
impulse buying	purchasing items on the spur of the moment
open up dating	labeling method that indicates the freshness, shelf life of a perishable product
unit pricing	standard unit of measurement to compare the prices of packages that are unlike sizes
rebate	a fractional refund of the price of a product
warranty	a written guarantee from the manufacturer od distributor that states the condition under which an item can be returned, replaced, or repaired
service contract	a separately purchased understanding by the manufacturer to cover the cost of repairing the item
fraud	dishonest business practices that are meant to deceive, trick, or gain an unfair advantage.
mediation	an try past a third party to resolve a conflict
arbitration	a process whereby a conflict betwixt a customer and a business is resolved by an impatial third party whose decision is legally binding
modest claims courtroom	a courtroom that deals with legal disputes that involve corporeality below a certain limit
class-action accommodate	a legal action on behalf of all the people who have suffered the same injustice
leagal assistance society	a network of customs law offices that provide free or depression-cost legal aid
arroyo	method
transactions	an action that has an consequence on the financial state of affairs of a business
document	to record an activeness or procedure
eligible	qualified
marginal cost	the increment or decrease of the toll of a particular action
marginal benefit	the increase or subtract of the do good of a particular activeness
economics	the stludy of the decisions that become into making, distributing, and using goods and services