Consumer Studies

Description

Flashcards on Consumer Studies, created by Ella Germaine on 25/05/2017.
Ella  Germaine
Flashcards by Ella Germaine, updated more than 1 year ago
Ella  Germaine
Created by Ella Germaine over 7 years ago
10
1

Resource summary

Question Answer
What is a consumer? A consumer is anyone who buys or purchases goods\products
What are goods? Goods are products\items that can be sold or bought
What are services? Services are supplying a commodity or doing work for somebody else, payment is usually involved
What are needs? Needs are things we cannot live without Example: water, food, shelter and clothes
What are wants? Wants are things we would like to have Example: jewellery, holidays and phones
What is a priority? A priority is something that you fell is important to you
What is a monopoly? A monopoly is when there is only one manufacturer of a certain thing, in other words there is no competition
What are the 5 consumer rights? The 5 consumer rights are; honest and truthful information, The right to choose, The value for money, Safety, And the right to redress
What does redress mean? The right to a replacement, a refund and a complaint
Show full summary Hide full summary

Similar

quality and safety symbols
maireaddewar
consumer studies
maireaddewar
Assessment Preparation
ZUHAIR HASSAN
consumer studies
Deirdre Molloy
Quality Control
Josh Humphries
Geometry Formulas (Perimeters)
PatrickNoonan
A2 Geography- Energy Security
sophielee0909
Plant Structure and Photosynthesis
Evangeline Taylor
Geography Coasts Questions
becky_e
PSBD TEST # 3_1_1
yog thapa
Get your grammar right!
Sarah Holmes