Shared Flashcard Set

Details

Economics
buying tips, improvement oppurtunities, steps of redress, credit, advertising
12
Economics
12th Grade
10/17/2012

Additional Economics Flashcards

 


 

Cards

Term
General Buying Tips (3)
Definition
1. Get prices/estimates
2. Don't give in to pressure
3. Be careful signing contracts
Term
Door to Door Sales (5)
Definition
1. Charity
2. Mail order
3. Food
4. Encyclopedias
5. Magazines
Term
Improvement Oppurtunities (5)
Definition
1. Pyramid sales
2. Distributorships
3. Self-improvement plans
4. Correspondance schools
5. Employment aganecies
Term
Steps of Redress (7)
Definition
1. Read instructions
2. Go to manager
3. Write a letter
4. Write another letter in two weeks
5. Consumer Protection Agency (CPA)
6. Get a lawyer
7. Go to court
Term
Negative Option Plan
Definition
Company automatically sends you product, and then bills you for it.
Term
Bait and Switch
Definition
Company lures you in with a cheap product, then tries to sell you a more expensive one.
Term
Referral Sales
Definition
Refer someone to the company, recieve a rebate
Term
Credit Factors (3)
Definition
1. Annual Percentage Rate (APR)
2. Length of loan
3. Total finance charge
Term
Advertising Appeals (4)
Definition
1. Sex
2. Humor
3. Celebrities
4. Music
Term
Rational Advertising
Definition
Basic information provided, content relates to product
Term
Irrational Advertising
Definition
No information, based on feelings, content has no relation to product
Term
Questions for Buying
Definition
1. What does it promise me>
2. Does it meet my wants/needs/desires?
3. Do I need more information?
4. Is the company reputable?
Supporting users have an ad free experience!