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12 Cards in this Set
- Front
- Back
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cooperative
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a nonprofit organization whose member-owners may save money on certain products or services
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impulse buying
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unplanned purchase
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open dating
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information about freshness or shelf life found on the package of a perishable product
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unit pricing
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the use of a standard unit of measurement to compare the prices of packages of different sizes
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rebate
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a partial refund of the price of a product
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warranty
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a written guarantee from the manufacturer or distributor of a product that specifies the conditions under which the product can be returned, replaced or repaired
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service contract
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an agreement between a business and a consumer to cover the repair costs of a product
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mediation
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the attempt by an impartial third party to resolve a difference between two parties through discussion and negotiation
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arbitration
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the settlement of a difference by a third party whose decision is legally binding
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small claims court
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a court that settles legal differences involving amounts below a set limit and employs a process in which the litigants usually do not use a lawyer
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class-action suit
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a legal action taken by a few individuals on behalf of all the people who have suffered the same alleged injustice
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legal aid society
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one of a network of publicly supported community law offices that provide legal assistance to consumers who cannot afford their own attorney
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