763183
Description
Flashcards by shaunagregory201, updated more than 1 year ago
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Created by shaunagregory201
over 10 years ago
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| Question | Answer |
| goods | - things - e.g. food, cars, houses, colthing |
| services | - where you pay someone to do something for you - e.g. hairdresser, car mechanic, entertainment |
| caveat emptor | is a warning to you, as a consumer, to spend your money wisely. it is your money and your loss if you do something foolish with it. |
| informed consumers know: | - their legal rights -how to make a complaint -what organisations are there to help and protect them |
| informed consumers buy with these questions in mind: | - can I afford this? - is this the best price I can get? - do I need it? - does it do what I want it to do? |
| unit price | is the lowest price, as long as the quality is the same. to compare different sized packages, calculate the unit price. unit price= price / number of units |
| impulse purchase | when you buy something without having considered the purchase first. that means you have not compared the prices. |
| deposit | this is a small sum paid to the seller to hold the goods for you until you can afford to pay the full amount of cost. |
| bar code | is made up of series of vertical lines and a 13- digit number. the bar code is made up of a country number, a company number , a product number and a check number. |
| loss leader | is when a shop sells a product at a very low price to attract customers who will, hopefully, buy other goods once they are in the store. |
| price war | is when shops are selling similar products and try to undercut each other to increase their market share. |
| - Guaranteed Irish - symbol of quality Irish goods | |
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Image:
quality_mark (image/png)
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- Quality mark -symbol of quality Irish goods |
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Image:
woolmark (image/png)
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- Woolmark - Product is made with pure new wool |
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Image:
ce_mark (image/png)
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- CE mark - Product meets European safety standard |
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Image:
kitemark (image/jpg)
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- Kitemark - Product meets the British safety standards |
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