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WorksheetsChapter 24.2
Total questions: 13
Worksheet time: 9mins
What is price discrimination?
The act of charging less than one price for the same product or service in different markets/customers
The act of charging more than one price for the same product or service in different markets/customers
The act of charging one price for the same product or service in different markets/customers
What is Fair Packaging and Label Act?
Requires that manufacturers’ labels truthfully list all ingredients and raw materials used in production
Requires that manufacturers’ labels list must only include the proper size and weight of the contents of the product
Requires that manufacturers’ labels list must truthfully list the name and place of the manufacturer, packer, or distributor
A warranty that is explicitly stated in writing or verbally
Full warranty
Express warrant
Limited warranty
A warranty that covers only certain parts of the product or requires the customer to bear some of the expense in case repairs are needed
Full warranty
Express warranty
Limit warrant
A warranty that is a guarantee about the quality of goods or services
Full warranty
Express warranty
Limited warranty
A warranty that is a guarantee about the quality of goods or services
Clayton Act of 1914 and Robinson Patman Act of 1936
The Fair Packaging and Labeling Act
Consumer Credit Protection Act
Requires that manufacturers label truthfully list all ingredients and raw materials used in production
Clayton Act of 1914 and Robinson Patman Act of 1936
The Fair Packaging and Labeling Act
Consumer Credit Protection Act
Aimed at prohibiting price discrimination
Clayton Act of 1914 and Robinson Patman Act of 1936
The Fair Packaging and Labeling Act
Consumer Credit Protection Act
A group of laws that regulate commercial business transactions _____ ______________
(a)
A promise or guarantee given to a customer that a product will meet certain standards (a)
A guarantee about the quality of goods or services ____ ________
(a)
Non profit organization that collects information on local businesses and handles complaints ______ ________ ______
(a)
Act that protects consumers from false & misleading advertising _______ _____ __________ ___
(a)
