Consumer Purchasing and Protection

Three factors that influence what people buy

• economic

• social

• personal

• educational

a portion of the total cost of an item that must be paid at the time of purchase

• unit pricing

• down payment

• warranty

• arbitration

a nonprofit organization owned and operated by its members for the purpose of saving money

• business

• discount store

• cooperative

• service contract

purchasing items on the spur of the moment

• research based strategy

• rebate

• impulse buying

• buyer's remorse

a labeling method that indicates freshness

• open dating

• freshness dating

• unit dating

• label dating

use of a standard unit of measurement to compare the prices of package that are different sizes

• standard pricing

• unit pricing

• comparison pricing

• package pricing

a partial refund on the price of a product

• refund

• rebate

• warranty

• coupon

a written guarantee from the manufacturer that states the conditions under which the product can be returned or replaced

• cooperative

• service contract

• rebate

• warranty

a purchased agreement by the manufacturer to cover the costs of repairing or replacing an item

• warranty

• service contract

• guarantee

• rebate

dishonest business practices that are meant to deceive, trick,or gain an unfair advantage

• arbitration

• mediation

• fraud

• warranty