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PF 6.01 Vocabulary

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AB
Retail storeObtains goods from wholesalers to sell to consumers (business to consumers)
WholesaleObtains goods from suppliers to sell to retailers (business to business)
Department storeSells a variety of goods and services in a single store, many services
Warehouse clubOffers price advantages, bulk quantities, limited selection to its members
Super storeOffers price advantages and wide product selection
Consignment storeSells used merchandise; consigner offers for sale, retains if not sold
Thrift storeSells used merchandise, encouraging being frugal, using resources wisely
Specialty storeSell goods and services for specialized purposes
Door-to-door salesSalesperson comes to home, either by invitation or not
Catalog shoppingShopper calls on telephone to buy goods listed in a catalog, 24/7 availability
TelemarketingSeller calls on telephone to sell goods or services
T-commerceShopping in response to ads on television
E-commerceBuying goods and services on the Internet, including Internet auctions
ReliabilityBeing able to depend on a person or business to back up their claims
ServicesSpecial consumer features offered by a store or other seller
Impulse buyingBuying on the spur of the moment, without planning
WarrantyA guarantee that a product will perform up to specified standards; four types are implied, written, full, and limited warranties
EstimateA total expected cost, in writing, for performing a service prior to completion
Work orderGives authority to a service provider to perform services
ContractLegally binding document signed by all parties in an agreement
Service warrantyGuarantees certain quality standards of performance


Business Education Facilitator
Performance Learning Center of Cabarrus County, NC
Concord, NC

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