click below
click below
Normal Size Small Size show me how
Consumer
Complete Chapter
Term | Definition |
---|---|
Consumer | is a person, organisation or business that buys goods and services for their own use |
Good consumer | knows what they want and doesn't buy impulsively and is aware of their rights, the agencies and the laws that can assist them |
Receipt | written proof of payment for goods and services. |
Consumer laws | Sale of goods and supply of services 1980. Consumer Protection Act 2007 |
Sale of goods and supply of services 1980 | Merchantable Quality. Fit for their purpose. As described. Correspond to sample. Suppliers of services must be qualified. |
Consumer Protection Act 2007 | forbids suppliers giving any misleading information about goods, price, quality, service etc. |
Contract | legal binding agreement between the seller and consumer that states that in return for payment the goods/service must be of certain standard |
Brand name | unique name given to a product to distinguish it from similar products made by other companies |
Redress | Refund, replacement and repair |
A guarantee or Warranty | is a written undertaking that the manufacturer ,or somebody appointed by the manufacturer, will repair or replace an item within a stated period of time after the purchase date |
Trade association | is an organisation representing all or most of the producers or sellers in a particular industry |
Ombudsman | is a person responsible for investigating and resolving complaints from consumers or other members of the public against a company, institution, or other organisation |
Credit note | is given by the seller to the buyer to show that the amount owing or paid has been reduced |
Reasons for consumer protection | overcharging, unsafe or low-quality goods, poor workmanship, misleading advertisements |
Food label | Shows the name of the food, the ingredients in descending order, the unit price, the actual price and sell-by date |
Bar code | A series of lines on goods that can be read on computer scanners |
Unit pricing | Shows the price per litre/kilo and enables the consumer to make better choices than if they were dealing with price per item |
The director of consumer affairs | Enforces consumer legislation and educates consumers |
Small claims court | Provides a cheap and ow level legal way of solving small complaints |
Consumer complaint | Where a consumer expresses their dissatisfaction with the goods and services received and seeks compensation |