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CE1 Consumer Powers and Protection Vocab

AB
bait and switcha practice of advertising a bargain but only having expensive alternative
competitioncontest among sellers to win customers
CPSCagency that protects consumers from dangerous products
EPAagency that enforces laws that protect the environment
FTCresponsible for protecting consumers from unfair or deceptive practices
frauddeliberate deception, designed to secure unfair or unlawful gain
loss leaderan item priced below cost to attract you to the store
monopolya company which has an unfair advantage
pyramid schemetype of financial fraud when people pay to join to exchange selling rights
redressto seek and receive a remedy to the problem
small claims courthandles disputes involving smaller dollar amounts with no lawyers


Business Instructor
Belleville East High School
Belleville, IL

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