Consumer Rights

a person who recognizes a business opportunity and organizes, manages, and assumes the risks of starting and operating a business.

• Entrepreneur
• Manager
• Owner
• Boss

a business that operates on the Internet. Many dot-com companies make shopping easier and more efficient for consumers.

• Internet
• Partnership
• Cooporation

a corporation holds a firm's owners responsible for no more than the capital that they have invested in it.

• Limited liability
• Full liability
• Partial liability

Small Business Administration

• SBA
• SMA
• FBA

Consumers should be protected against goods that are hazardous to health or life.

• Right to Safety
• Right to Consumer Education
• Right to Justice

John F. Kennedy
Richard M. Nixon
Gerald R. Ford

• 3 Presidents
• 3 Presidents who updated the consumer Bill of Rights
• 3 Presidents who are not longer alive.

the amount of goods and services consumers are will to purchase.

• Demand
• Supply
• Cost

amount of goods and services available for purchase.

• Demand
• Supply
• Quantity

Any place where buyers and sellers meet to exchange goods and services.

• Trade
• Market
• Economy

1. Supply can decrease.
2. Supply can increase.
3. Demand can decrease.
4. Demand can increase.

• Four Seasons
• Four Rules of Economy
• Four Market Behaviors