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Economics Consumer Spending

A review of basic consumer spending terms

AB
bait and switchan illegal form of advertising
Better Business Bureaua private organization that helps protect consumers from unfair business practices
budgeta breakdown of how income is used; a personal plan for spending income
chamber of commercea group of representatives of local businesses who meet regularly to promote business in their town or city
comparison shoppinglooking at similarities and differences in features, prices, and quailty of competing goods and services
frauddeceit, trickery
full warrantya warranty that promises to replace or repair all parts at no cost for a certain period of time
genericwithout a brand name
limited warrantya warranty that promises to pay all or partial replacement costs on certain parts for a specified period of time
prioritiesthings that come first in order of importance


Mrs. Pfeiffer

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