Shared Flashcard Set

Details

Smart Shopping Basics
N/A
21
Finance
10th Grade
04/30/2012

Additional Finance Flashcards

 


 

Cards

Term
Retail stores
Definition
Sells goods and services directly at their place of business
Term
Nonstore sellers
Definition
Sells goods and services in different ways and from diferent locations
Term
Telemarketing
Definition
A form of selling that involves the seller phoning you to promote the purchase of goods or services
Term
T-commerce
Definition
Shopping on television
Term
E-commerce
Definition
buying and selling online
Term
Consumer cooperatives
Definition
Nonretail associations owned by a group of members
Term
Advertising
Definition
A paid message touting the attributed of something
Term
Comparison shopping
Definition
The proccess of gathering information about products
Term
Warranty
Definition
Guarantees that a product will meet certain performance and quality standards
Term
Full warranty
Definition
Term
Limited warranty
Definition
Provides service, repairs, and replacements
Term
Implies merchantability
Definition
That a product is what it is called and does what its name implies
Term
Implied fitness
Definition
that a product must be fit for any performance
Term
Extended warranty
Definition
An additional cost
Term
Work order
Definition
Requests service and decribes the work that will be performed
Term
door-to-door sales
Definition
Salesperson comes to home, either by invitation or not
Term
catalog shopping
Definition
Shopper calls on telephone to buy goods listed in a catalog
Term
warehouse club and
super store
Definition
Offers price advantages and wide product selection to its members
Term
wholesale
Definition
Obtains goods from suppliers to sell to retailers
Term
thrift
Definition
The quality of being frugal, using resources wisely
Term
estimate
Definition
A total expected cost, in writing, for performing a service
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