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17 Cards in this Set
- Front
- Back
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Down Payment |
A portion of the total cost of an item that must be paid at the time of purchase |
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Impulse Buying |
The ac ct of purchasing items in the spur of the moment |
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Open Dating |
A labeling method that that indicates the freshness of shelf life of a perishable product |
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Unit Pricing |
The use of a standard unit of measurement to compare the prices that are different sizes |
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Rebate |
A partial refund of the price of a product |
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Warranty |
a written guarantee from a manufacturer or distributor that states the conditions under which a product can be returned |
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Service Contract |
A separately purchases agreement by a manufacturer or distributor to cover the costs of repairing an item |
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Fraud |
dishonest business practices that are meant to deceive, trick, or gain an unfair advantages |
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Mediation |
the attempt by a neutral third party to use discussion and negotiation to resolve a conflict between a customer and a business |
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Arbitration |
a process whereby a conflict between a customer and a business is resolved by an impartial third party whose decision is legally binding |
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Small Claims Court |
a court that deals with legal disputes that involve amounts below a certain limit |
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Class-Action Suit |
a legal action on behalf of all the people who have suffered the same injustice |
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Legal Aid Society |
a network of community law offices that provide free or low cost legal assisiteance |
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Approach |
method |
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Transaction |
an activity that has an effect on the financial situation of a business |
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Document |
to record |
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Eligible |
qualified |
