Shared Flashcard Set

Details

PF 5.01 Vocabulary
NA
12
Finance
11th Grade
10/29/2013

Additional Finance Flashcards

 


 

Cards

Term
Good
Definition
physical object that is purchased
Term
service
Definition
action that is performed for someone's benefit
Term
retailer
Definition
one who sells goods and or services directly to consumers
Term
marketplace
Definition
any place where goods and services are available to the general public
Term
merchandise
Definition
a product or physical item purchased
Term
consumable product
Definition
product that typically provides a single use or period of use and is destroyed or dissapears as the consumer enjoys the product
Term
durable product
Definition
product that lasts for a long period of time and continues to be available to the consumer for more than a single use
Term
warranty
Definition
guarantee that a product is in good working order and will give good service for a reasonable amount of time.
Term
full warranty
Definition
warranty with no specific limitations
Term
limited warranty
Definition
states specifically what limitations are
Term
consumer advocate
Definition
person or organization that works on behalf of consumers.
Term
consumer action panel
Definition
group formed by a trade association to address consumer complaints
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