| A | B |
|---|
| warehouse clubs | sell products to customers who pay a membership fee. |
| outlet stores | sell merchandise from only one manufacturer, generally at less than full retail price. |
| factory seconds | products that may have slight defects that do not affect the performance or appearance of the product. |
| warranty | a guarantee of the soundness of a product or service. |
| implied warranty | is legally in effect even though it's not in writing. |
| full warranty | meets 5 federal standards for comprehensive warranties as specified in the Magnuson-Moss Warranty Act. |
| limited warranty | does not meet one or more of the standards, but it still provides valuable protection. |
| service contract | or extended warranty, is an optional service agreement that may be purchased to provide protection beyond the warranty. |
| comparison shopping | saving money by checking several alternatives to make sure you are getting the best price on an item. |
| national brands | products with well-known, nationally advertised trade names. |
| store brands | products that are marketed only in a particular chain of stores. |
| generics | products that do not have a brand name. |
| bonded | a service provider who carries insurance to cover financial loss caused by a third party. |
| contract | a legally binding agreement between two or more parties. |
