Shared Flashcard Set

Details

Chapter 13
personal Finance
15
Finance
12th Grade
04/30/2012

Additional Finance Flashcards

 


 

Cards

Term
Retail store
Definition
sell goods and services directly at their place of business
Term
nonstore sellers
Definition
sell goods and services in different ways and from different locations
Term
Telemarketing
Definition
is a form of selling that involves the seller phoning you to promote the purchase of goods or services
Term
T-commerce
Definition
refers to shopping on television.
Term
E-commerce
Definition
refers to buying and selling goods and services online
Term
Consumer cooperatives
Definition
are nonretail associations owned and operated by a group of members for their own benefit rather than profit
Term
Advertising
Definition
is a paid message touting the attributes of something in order to convince consumers to buy it
Term
comparsion shopping
Definition
is the process of gathering information about products and services to find the best quality or usefulness at the best price
Term
Warranty
Definition
guarantees that a product will meet certain performance and quality standards
Term
full warranty
Definition
provides the free repair or replacement of the warranted item or part if any defect occurs while the warranty is in effect
Term
limited warranty
Definition
provides service, repairs, and replacements only under certain conditions
Term
implied merchantability
Definition
means that a product is what it is called and does what its name imlies
Term
implied fitness
Definition
means that a product must be fit for any performance or purpose promised by the seller
Term
extended warranty
Definition
covers servicing for a product, if needed, during the term of the contract
Term
work order
Definition
requests service and decribes the work that will be performed
Supporting users have an ad free experience!