Personal Finance obj 6.01
About this set
Created by:
echerdj on April 11, 2011
Subjects:
Description:
Personal Finance obj 6.01
Classes:
Snuggs Personal Finance, Fun 101, Personal Finance, South Campus Personal Finance and Online Classes
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21 terms
Terms | Definitions |
|---|---|
 Retail Store | Obtain goods from wholesalers to sell to consumers |
| Wholesale | Obtains goods from suppliers to sell to retailers |
| Department Store | Sells a variety of goods and services in a single store |
| Warehouse Club and Super Store | Offers price advantages and wide product selection to its members |
| Discount Store | Sells certain lines of merchandise at below-average prices |
| Consignment Store | Sells used merchandise at reduced prices |
| Thrift | The quality of being frugal, using resources wisely |
| Specialty Store | Sells goods and services for specialized purposes |
| Door-to Door Sales | Sales person comes to home, either by invitation or not |
| Catalog Shopping | Shopper calls on telephone to buy goods listed in catalog |
| Telemarketing | Seller calls on telephone to sell goods or services |
| T-commerce | Shopping in response to ads on television |
| E-commerce | Buy goods and services on the Internet, including Internet auctions |
| Reliability | Being able to depend on a person or business to back up their claims |
| Services | Special consumer features offered by a store or seller |
| Impulse Buying | Buying on the spur of the moment, without planning |
| Warranty | A guarantee that a product will perform up to specified standards; four types are: implied, written, full, and limited warranties |
| Estimate | A total expected cost, in writing, for performing a service |
| Work Order | Gives authority to a service provider to perform services |
| Contract | Legally binding papers signed by all parties in an agreement |
| Service Warranty | Guarantees certain quality standards of performance |
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