Term
|
Definition
| Someone who uses or purchases goods and services |
|
|
Term
|
Definition
|
|
Term
|
Definition
When you pay someone to do something for you.
Ex: Getting a hair cut |
|
|
Term
|
Definition
| A decision that you make with little or no thought. |
|
|
Term
|
Definition
| A non-bais resource that has no ads in it. They purchase products and then test them. |
|
|
Term
| Bait and Switch Advertising |
|
Definition
| A misleading form of advertising where you are lured in by a promise of a low price and then they switch them to a more expensive one. |
|
|
Term
Conspicuous Consumption
(AKA Keeping up twith the Jones) |
|
Definition
| When you buy something to keep up with someone else or because every one has it. |
|
|
Term
Law of Supply and Demand
When the the demand for a product is high and the the supply is limited. What is going to happen to the price? |
|
Definition
|
|
Term
Law of Supply and Demand
When the the demand for a product is low and the the supply is O.K. or high. What is going to happen to the price? |
|
Definition
|
|
Term
|
Definition
1. Think about it.
2. Do your H.W. or research.
3. Bring a friend except when food shopping.
4. Leave you money at home. |
|
|
Term
| Never go food shopping... |
|
Definition
| With someone else or when you are hungry. |
|
|
Term
| The color green on packages means... |
|
Definition
| It is is health or eco. friendly. |
|
|
Term
| setting a product apart from its competitors. |
|
Definition
|
|
Term
|
Definition
| Selling a product in a new way or to a new group of consumers. |
|
|
Term
| You have the right to learn about your consumer rights and responsibilities. This Consumer Right is |
|
Definition
| The Right to Consumer Education. |
|
|
Term
| Products must be well designed and if used properly should not cause injury or harm. This Consumer Right is... |
|
Definition
|
|
Term
| Labels give you information about a product. Laws protect you from false or misleading advertising. This right is... |
|
Definition
| The Right to information. |
|
|
Term
| Consumers have the right to pick from a variety of products and where you purchase them. You have this right.... |
|
Definition
|
|
Term
| You have the right to speak out if you are not satisfied with a product or a service was not performed correctly. This right is..... |
|
Definition
|
|
Term
| This is the newest consumer law. It is usually addressed at the state level. It is not clearly defined. This right is.... |
|
Definition
|
|
Term
| This allows you to compare different brands or sizes of packages to see what is the "Best Deal". |
|
Definition
|
|
Term
| To compute the unit price you... |
|
Definition
Divide the price you paid by the amount in the package.
You can also use a ratio chart.... |
|
|
Term
|
Definition
| Usually more expensive because of advertising and more colorful/expensive packaging. |
|
|
Term
|
Definition
| This is only sold at one store. It is less expensive because packaging is cheaper/less colorful and they usually do no advertise. |
|
|
Term
| Generic/no Name/Lesser Name Brand |
|
Definition
| These are usually less expensive due to less colorful/expensive packaging. They are sold at limited stores and are not available for all products. They usually do not advertise. |
|
|
Term
| The "Food Label" is based on a _________ calorie a day diet. |
|
Definition
|
|
Term
| To be considered low on the food label it must be this percent or lower. |
|
Definition
|
|
Term
| To be considered high on the food label it must be this percent or above. |
|
Definition
|
|
Term
| Where the food was produced must now be on products like produce(Ex: Fruits and Veggies). This is the country of |
|
Definition
|
|
Term
|
Definition
|
|
Term
| The goal of a company is to... |
|
Definition
| Sell a product or to make $$$$ |
|
|
Term
| A name, sign, symbol, or slogan. |
|
Definition
|
|
Term
| Advertising, packaging, pricing, and places. |
|
Definition
|
|
Term
| Name, Logo, visual representation, and messaging. (What ever makes it identifiable) |
|
Definition
|
|
Term
| People/celebrates, characters and animals used in advertising. |
|
Definition
|
|
Term
|
Definition
| When you always buy a specific brand. |
|
|
Term
| Proof of where you made a purchase, when you made it, and how much you paid. |
|
Definition
|
|
Term
| A guarantee that a product will work as is should for a certain length of time. |
|
Definition
|
|
Term
| Comparing prices of products and the services. This may involve going to store, businesses and/or web sites. |
|
Definition
|
|
