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Intro to Business Ch 15 Flashcards | StudBud
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Intro to Business Ch 15
Intro to Business Ch 15
20 terms
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#introtobus #businessed # business #consumerfruad
Flashcards
20 cards
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Questions
20
Answers
1
An unbranded product sold at a reduced price is called a
generic brand
private label brand
store brand
national brand
2
What is the correct 1st step in the purchase decision-making process?
1)Determine your desired satisfaction
1) know the choices available
1)Evaluate alternatives
1) Identify your needs and wants
3
The _______ can provide helpful information about businesses to consumers
BBB
EPA
USDA
FDA
4
________ has become a very valuable resource for consumers.
internet-only media
print-based media
broadcast-based media
5
This product testing organization publishes a monthly magazine called
Consumer Reports
Consumers Union
Underwriters Laboratories
Consumer Product Safety Commission
Better Business Bureau
6
A legal action by one party on behalf of a group of people who all have the same grievance
mediation
negotiation
class-action suit
arbitration
7
Consumers pay product testing organizations like Underwriters Laboratories to test products.
False
True
8
Products displayed near cash registers are there to prompt...
impulse buys
slowing you down
kids to throw a fit
9
In the U.S, ________ is the main source of fraudulent offers to consumers.
Magazines
Internet
Telemarketing
Credit Cards
10
Which of the following is NOT a government agency that supplies consumer information?
Association of Home Appliance Manufacturers
Food and Drug Administration
National Highway Traffic Safety Administration
Federal Trade Commission
11
The right to service means...
you are responsible for what you buy
consumers can expect convenience,courtesy, responses 2 probs
a business can never refuse to make a sale to a customer
consumers can seek a legal remedy when there's a problem
12
Product labels can tell consumers
what the product is made of
all of these
the product content
how to care for the product
13
A promise by a manufacturer or dealer that a product is of a certain quality is called
pledge
claim
guarantee
title
14
A no-frills outlet retailer that often emphasizes the sale of large quantities at a good price
superstore
specialty store
warehouse club
factory outlet
15
Advertisements are...
a source of consumer information
not helpful
a big fat lie
allow you to compare other products
16
This product testing organization publishes a monthly magazine called Consumer Reports
Underwriters Laboratories
Consumer Product Safety
Consumers Union
Better Business Bureau
17
What occurs when consumers are given false information in an effort to make a sale
larceny
theft
graft
fraud
18
When you have a complaint, the 1st step you should take is...
involve a consumer agency
take legal action
contact the place of purchase
Contact company headquarters
19
Store brand products.....
offer quality equal to national brands
are always better than national brands
don't even closely compare to national brands
there is no such thing as store brands
20
This federal agency has the power to set safety standards and ban or recall hazardous products
all of the above have this power
Better Business Bureau
Consumers Union
Consumer Product Safety Commission