Chapter 1 Consumers and The Economy

Person that buys product

• Customer

• Wants

• Needs

• Redress

Desires to make life better

• Consumer

• Needs

• Wants

• Services

Groups formed by trade associations to help consumers

• Customer

• Services

• Economics

• Consumer Action Panel

Necessities for life

• Goods

• Wants

• Needs

• Consumer

Physical objects that are produced

• Goods

• Redress

• Customer

• Statute

Person that buys product

• Wants

• needs

• Customer

• Services

Laws to protect consumers

• Services

• Economics

• Customer

• Statute

Actions performed for you.

• Services

• Needs

• Consumer

• Redress

Study of producing, distributing, and Consuming goods

• Services

• Needs

• Economics

• Customer

Benefit for a wrong that is done (compensation)

• Redress

• Consumer

• Wants

• Goods