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PF: 5.01 - Consumer Rights and Responsibilities Key Terms

Understand rights and responsibilities of consumers.

AB
GoodA physical object that is purchased.
ServiceAn action that is performed by someone's benefit. Examples: Car Repair and Hair Cuts
RetailerOne who sells goods and services directly to consumers.
MarketplaceAll retailers' goods and services available to the general public.
MerchandiseA product or physical item purchased. Examples: Food and Electricity
Consumable ProductA product that typically provides a single use or period of use and is destroyed or disappears as the consumer enjoys the product.
Durable ProductA product that lasts for a long period of time and continues to be available to the consumer for more than a single use.
WarrantyA guarantee that a product is in good working order and will give good service for a reasonable amount of time.
Government AgencyAn organization that operates as part of the state or federal government.
Merchant ServicesAny helps provided to consumers by companies/stores/businesses.
Consumer Affairs DepartmentA department of a business that communicates with customers about their rights and needs as consumers.
Consumer AdvocateA person or organization that works on behalf of consumers' interests and rights.
Better Business Bureau (BBB)A nonprofit organization sponsored by private businesses that attempts to settle consumer complaints against local
Consumer Action PanelA group formed by a trade association to address consumer complaints.
Right to be SafeBeing entitled to protection against potentially harmful goods and services.
Right to be InformedBeing entitled to information about a seller's reputation, product and service performance, quality, and price.
Right to Choose Products and ServicesHaving the opportunity to select goods, services, and places to shop.
CompetitionA situation in which the same or similar goods and services are offered by more than one seller.
Right to be HeardHaving opportunities to make known likes, dislikes, and problems with products and services.
Right to RedressBeing entitled to a fair and quick remedy to a wrong or loss.
Right to Consumer EducationBeing entitled to training to gain knowledge and skills as consumers.
Right to ServiceBeing entitled to convenience, courtesy, and responsiveness.
Right to a Healthy EnvironmentBeing able to live in a safe, non-threatening environment.

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