Study your flashcards anywhere!

Download the official Cram app for free >

  • Shuffle
    Toggle On
    Toggle Off
  • Alphabetize
    Toggle On
    Toggle Off
  • Front First
    Toggle On
    Toggle Off
  • Both Sides
    Toggle On
    Toggle Off
  • Read
    Toggle On
    Toggle Off
Reading...
Front

How to study your flashcards.

Right/Left arrow keys: Navigate between flashcards.right arrow keyleft arrow key

Up/Down arrow keys: Flip the card between the front and back.down keyup key

H key: Show hint (3rd side).h key

A key: Read text to speech.a key

image

Play button

image

Play button

image

Progress

1/4

Click to flip

4 Cards in this Set

  • Front
  • Back
What are the simple steps to create a personal budget.
1) Determine monthly income from all sources.

2) Determine monthly costs accurately.

3) Record revenues and expenses for the current cost period.

4) Establish monthly estimates for expenses.

5) Track actual expenses as they occur.

6) Automate the process to make it repeatable
A pricing strategy that usually encourage consumers to buy a greater quantity by offering more value at a higher price is called?
Marketplace decisions
The U.S. Office of Consumer Affairs, Consumer Product Safety Commission, Better Business Bureau, and Consumer Federation of America and the internet are all organizations that serve and protect consumers. These sources are called?
Information Resources
In 1960, President Kennedy introduced the consumer bill of rights. What are the rights of consumers?
•The right to safety:

to be protected against the marketing of products and services that are hazardous to health or to life.

• The right to be informed:

to be protected against fraudulent, deceitful, or grossly misleading information, advertising, labeling, or other practices, and to be given the
facts needed to make informed choices.

• The right to choose:

to have available a variety of products and services at competitive prices.

• The right to be heard:

to be assured that consumer’s interests will receive full and sympathetic consideration in making government policy, both through the laws passed by legislatures and through regulations passed by administrative bodies.

• The right to education:

to have access to programs and information that help consumers make better marketplace decisions.

• The right to redress:

to work with established mechanisms in order to have problems corrected and to receive compensation for poor service or for products which do not function properly.